Trammell Crow Company resubmitted its Preliminary Development Plan application on Friday, Feb. 9, for the Olde Town Residence project. The original plan was voted down by Arvada City Council in a 4-3 …
Trammell Crow Company resubmitted its Preliminary Development Plan application on Friday, Feb. 9, for the Olde Town Residence project.
The original plan was voted down by Arvada City Council in a 4-3 vote on Jan. 22. Councilmembers who voted against the project cited lack of adequate parking and an obstruction of the “grand view” as reasons for rejection of the development plan for the project planned for the 8.25-acre site bounded by Vance Street and Wadsworth Boulevard on the west and east, and between West 56th and Grandview avenues.
The resubmission is allowed through the city's Land Development Code. The ordinance calls for city staff to review Trammell Crow's resubmission, report its review to City Council and for an additional public hearing to be held on the revised application.
The changes to the Olde Town Residence plan include a reduction of 30 bedrooms, the addition of 15 parking spaces and a setback on a portion of the sixth floor facing Grandview Avenue.
The Arvada Urban Renewal Authority anticipates that City Council could consider the resubmission as early as its regular meeting on March 19.
“Trammell Crow took the feedback from City Council and city staff and the comments from the public hearing to make several modifications to the number of bedrooms, parking and the setback on the top floor of the Olde Town Residence project,” said Maureen Phair, AURA's executive director. “The city's resubmission ordinance provides a fair process for Trammell Crow to address these concerns and then decide to continue with its PDP application. AURA is looking forward to staff's review of the resubmission and the public hearing process.”
The original plan submitted by Trammell Crow had one parking space for each bedroom and counted on many residents to not have cars, but rather rely on alternative from of transportation like the commuter rail, ride share, bikes and walking.
At the Jan. 22 meeting, Councilman John Marriott said he would approve the plan if the developer created an additional 25 parking spots or reduced the bedroom count by 15. He said this would give him comfort in knowing that the resident and visitor parking would not spill out of the complex.
The setback on Grandview Avenue is aimed at addressing council and community concerns that the building will block views of the Front Range.
The development has been controversial, even before the development plan details were revealed.
The city sold the 8.25-acre site, valued at $4.4 million, to developer Trammell Crow Co. for $30 and provided them with $13 million in tax incentives.
Arvada officials maintain that the project is a well-planned and long-term investment that will not only bring new life to the area, but also pour revenue far exceeding the land's value into city coffers over the years.
However, some community members don't agree with the incentive and worry about the development obstructing views and creating congestion.
The land transition itself was not up for discussion at the Jan. 22 meeting nor will it be up for discussion at the next public hearing.
The resubmission of the Olde Town Residences plan is available on the city's eTRAKiT online database at https://arvadapermits.org/etrakit3/.