Buckingham Companies was selected to be the lead developer for the upcoming Ralston Creek development project after a lengthy interview and presentation process.
“It was a hard decision for the board as both developers put together terrific proposals,” said Arvada Urban Renewal Authority Executive Director, Maureen Phair. “In the end, the board chose to work with Buckingham Companies because of their business philosophy.”
Over the next 26 months, the team made up of three developers — Indianapolis-based Buckingham Companies, Boulder-based Urban Investment Group, and Denver’s Larimer Associates — will be responsible for the design and implementation of the project, restructuring it to become a vibrant and attractive hub in the city.
Buckingham, selected at AURA’s July 23 meeting, is tasked with creating a design concept, developing a master plan, securing funding sources and the approval of land use, coordinating public infrastructure and constructing vertical improvements.
Our entire team is thrilled at being selected after what was a thorough and rigorous process by AURA,” said Dan Cohen, the Ralston Creek project executive. “We’re really excited about the potential to build a great place here and we’re confident the property and the community lend itself to that.”
The 14-acre site, formerly referred to as the Triangle Area, is located between two stops along the Gold line, the Olde Town and Arvada Ridge, along the north side of Ralston Road between Garrison and Independence Streets.
Once a hub for local retailers and restaurants, the area has slowly declined over the years, the redevelopment of the area will focus on bringing in mixed uses to help modernize the area while enhancing its current features.
“I’d like to see a new urban component that continues to revitalize what the park has done,” said T.O. Owens, a resident of the neighborhood and president of the Citizens for a Livable Ralston Community neighborhood association. “I’d like to see it bring new families and more opportunity for local living.”
Buckingham Companies was one of six developer groups who submitted a request for qualifications, or RFQ, in May and one of two, with Boulder-based Loftus Development, who were selected to submit a proposal for the development of the site.
Over the past three months members of the Arvada Urban Renewal Authority (AURA) visited both developers, touring several of their developments. The board met with both teams individually to hear their proposals and designs for the site and make a final decision.
“They develop, own and manage their projects for the long term. We felt that the long term ownership and management of the project would be in the best interest of the community,” Phair said.
The team will utilize a variety of mixed uses, such as retailers, housing and commercial uses in three phases, to create an urban, lasting community. In phase one, the team hopes to secure leases for the former Safeway building, 9517 Ralston Road, and revitalizing it into a 24-hour Fitness center and live-work facilities.
Down the road, the team also hopes to bring in 305 apartments and live-work housing units, 21,000 square feet of retail and restaurant space, recreational facilities, and a 3,000-square-foot beer garden to the area.
To follow the developments of the project, visit www.arvada.org/about-arvada/ralston-creek.