D E V E L O P M E N T H I G H L I G H T S

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Synergy Medical Office Building 500 East Hampden Avenue

Project: A 5-story, mixed-use development with 14,000 square feet of ground floor retail and 104,000 square feet of medical office. • Plans submitted for second floor tenant finish.• A cardiologist group has leased 4,280 square feet of the

second floor.• Synergy Medical Group is working with an investor to

lease the entire ground floor commercial space.

Hilltop3800 South Broadway

Project: Three-story building comprised of 8 apartments above a 2,800 square foot commercial space• Construction continues.• La Chula Restaurant leased units 1-3 and have plans to

open later 2021.

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D E V E L O P M E N T H I G H L I G H T S

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Downing Lofts1190 East Hampden Avenue

Project: 28 townhomes, for sale units• Construction continues.

Starbucks5100 South Broadway• Building Permit was issued on January 27, 2021• Construction has begun.

The Hive on Broadway200 West Belleview Avenue

Project: Multi-Use Remodel• Construction continues.

3500 South Corona StreetProject: 44-unit for sale residential building.• Construction continues.• Units are now being offered for sale.

D E V E L O P M E N T H I G H L I G H T S

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3525 - 3545 South Emerson Street

Project: 25 townhomes; for sale units• Construction continues.

Navajo Apartments4201 South Navajo Street

Project: 5-story, 146 residential units

• A Building Permit has been issued and site work has begun.

3325 South Santa Fe DriveProject: 10,200 sq. ft. storage facility• Construction continues.

3450 - 3460 South Corona StreetProject: 10 townhomes, for sale units• Construction continues.

D E V E L O P M E N T H I G H L I G H T S

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1280 East Hampden AvenueProject: 18 townhomes, for sale units• Construction continues.

Winslow Crane Apartments3002 South Huron Street

Project: 203 for-lease units, 12 three-story walkups

• City Council held the Second Reading on the PUD Site Development Plan and two vacation of rights-of-way on March 15, 2021. The project was approved.

• Building permit application has been submitted.

1070 W HampdenProject: Proposed 303 multi-residential project• A PUD application has been submitted and is currently

under review. • A virtual neighborhood meeting was held April 8, 2021.

1375 E Hampden AvenueProject: Proposed 118-unit apartment building with structured parking.• A public hearing was held at the March 15 City Council

meeting to consider a vacation of right-of-way• First Reading was held on April 5, 2021 and Second

Reading is scheduled for April 19, 2021.

Swedish Medical Center501 East Hampden Avenue

Project: Five-story vertical expansion; 115,371 sq. ft.

• Permits issued and site work has begun.

4747 S Santa Fe – Formerly World of Tile• Plans have been submitted for review to convert space to JC

British Automotive Services.

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P L A N N I N G

• The Commission continues to draft landmark protection language for properties that have achieved "Historical Landmark Status."

• The Commission continues to work with the city's Neighborhood Resource Coordinator in identifying and mapping historic neighborhoods.

Planning and Zoning Commission• The Unified Development Code Final Assessment was

presented and discussed at the April 6, 2021 meeting.• The Commission will review and discuss the 2022 CIP

budget and project list on May 4, 2021.

Alliance for Commerce in Englewood (ACE)At the April 14 ACE meeting, the owners of Broadway’s Shot Spot and Apex Combat Academy will provide members with a virtual tour of their respective business and discuss their business in greater detail.

Board of Adjustment and AppealsOn April 14, 2021, the Board will consider a variance to fence height in the front setback at 681 East Belleview Avenue.

Historic Preservation Commission• The Commission has applied for a grant from the

Colorado State Historic Fund to complete a city-wide historical structure survey. This is a non-competitive grant opportunity with a maximum award of $15,000.

B O A R D S A N D C O M M I S S I O N S

E-Permitting• City staff is currently testing the first round of software

configuration for electronic permit submittals.

B U I L D I N G

Short Term Rentals (as of March 23, 2021)• A survey has been released to gather feedback about the

process at the one-year anniversary of the Short-Term Rental (STR) Ordinance being adopted by City Council. The survey has been sent to those who have obtained and applied for STR Operating Permits.

• Approved STR Permits – 17• Properties ready for Inspection – 4• Inspections Completed / At Business License Phase – 3• Complete Applications Under Initial Review – 0• Applications requiring addition/revised info - 0• Notice of Violation Update – To date, nearly all properties

that have been issued NOV’s have come into compliance and have removed their property from STR websites. A total of 8 property owners have been issued summons. All 8 property owners whose cases have been referred to Code Enforcement have come into voluntary compliance.

• New STR NOVs – 5 new STR advertisements were identified and mailed NOV letters. .

Title 16 Community Assessment• The final report on the initial community outreach portion

of the project was presented to City Council on March 22 and Planning and Zoning Commission on April 6.

• A Request for Proposals was issued on March 23, 2021 for the full update and rewrite of the Unified Development Code, with the project estimated to be underway by early summer.

• For additional information and updates about the community assessment, please visit englewoodco.gov/zoning-code-assessment

E C O N O M I C D E V E L O P M E N T

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Colorado Companies to WatchFour Englewood companies have been nominated for the Colorado Companies to Watch award/recognition. These businesses have either participated with the city’s economic development programs or have been named in the Denver Business Journal, which featured the fastest growing private companies in the metro area.

• CORE Consultants, llc. – 3473 South Broadwaywww.corecivil.com

• Warming Trends Manufacturing – 1050 W Hampden, Ste 200 www.warming-trends.com

• ADK Electric Corp. – 3773 South Jason Street www.adkelectric.com

• Calcon Constructors – 2270 West Bates www.calconci.com

Colorado Companies to Watch recognizes emerging companies from across the state for their impact on our local economies. Winning companies represent a broad range of industries and are recognized for:

• Success in the marketplace• Strong potential for growth• Quality job creation• Innovative products and processes• Powerful economic impact• Community enrichment• Influential philanthropic actions• Pioneering corporate culture

Fifty companies are selected each year. These companies make a significant impact on Colorado’s economy by collectively providing thousands of jobs and contributing millions of dollars in revenue. More information about Colorado Companies to Watch is available at: coloradocompaniestowatch.org/

Small Business Week & Englewood Business Resource ExpoThe US Small Business Administration named the first week of May as "Small Business Week." In partnership with the Aurora-South Metro Small Business Development Center and the Greater Englewood Chamber of Commerce, the City is hosting a free, virtual Business Resource Expo on Wednesday, May 5, 9:00 am - 10:00 am. This event will feature presentations by key economic partners and will showcase resouces to support small businessess. The event is for entrepreneurs who want to support their business growth and expansion, and businesess recovering from the pandemic.

Registration is required at https://rb.gy/xnw8pd

Business TrainingEnglewood partners with the Aurora-South Metro Small Business Development Center to offer training workshops, and free one-on-one consulting to assist startup and operating small businesses. The attached flyer details the 2021 training opportunities.

Business Grants• Pending: La Chula Cocina Mexicana (formerly 4G’s Mexican

Restaurant), 3800 South Broadway, is interested in a Business Initiation Grant to support tenant finish expenses for their new location.

• Approved: Colore Italian Restaurant and Pizzeria, 2700 South Broadway, received a Business Initiation Grant to support the construction of a 4-season patio.

• Complete: Game 7 Barbershop, 2837 South Broadway, was approved for a business acceleration grant to fund tenant finish expenses associated with an expansion in services.

• Complete: Scratch Engraving and Printing, 3065 South Broadway, received a small business scholarship to participate in the Leading Edge - Startup Essentials Workshop through the Aurora-South Metro Small Business Development Center.

• Pending: Edward's Pipe & Tobacco, 3441 South Broadway, is interested in applying for a Business Initiation Grant to fund a four-season patio.

Other Business NewsNew Businesses• Lea Jane's Hot Chicken - 901 West Hampden Avenue, #102• Jackpot Nutrituion - 3494 South Broadway• Altitude Paddle Boards - 2994 South Elati Street• Black Swan Yoga - 2815 South Broadway• Der Van's - 3063 South Tejon Street• Open and Affordable Dental - 101 West Hampden Avenue

Business Closure• Office Depot, 895 West Hampden Avenue, has announced its

closure. Its last day of operations at this location will be May 15.

Other Business ResourcesArapahoe County launched a $7 million grant program targeted at small and medium sized businesses within Arapahoe County that are behind on commercial lease payments or mortgage payments due to the pandemic. The delay in rent payments must be due to impacts of the pandemic on normal business operations. Applications close April 16, 2021 at 5:00 pm or earlier if funds are exhausted.

More information can be found at: www.englewoodco.gov/home/showpublisheddocument?id=28230

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Downtown Development Authority • The formation election for the Englewood

Downtown Development Authority (EDDA) took place on November 3, 2020. The mail-in ballot election was only for qualified electors within the DDA, shown here, including Downtown property owners, business owners and residential tenants.

• Based on the election results, the EDDA is now established and it has the authority to collect and spend revenues. However, the EDDA did not gain voter approval to issue debt or to assess a mill levy to fund EDDA operations.

• In December of 2020, City Council authorized proceeding with the appointment of the EDDA Board and other steps to activate the Authority. The Board will consist of 6 qualified electors from the District and one City Council member. Council interviewed the 13 qualified candidates who submitted applications on March 8 and the resolution appointing the Board members was approved on April 5, 2021. The EDDA Board will conduct its first official meeting later in April.

• Hilarie Portell of Portell Works is serving as the interim Executive Director of the EDDA. Hilarie was a member of the Downtown Matters consultant team and she is coordinating the various tasks required to formally establish the EDDA. She is also coordinating a search for grants to help fund EDDA operations, in addition to a working capital loan the city may extend to the EDDA. An e-newsletter was sent out mid-March to update downtown stakeholders on the formation of the EDDA. With the input of many prior Steering Committee members, a vibrant logo for the EDDA was recently selected.

R E D E V E L O P M E N T

Hilarie Portell, Portell Works Interim Executive Director of DDA

Englewood CityCenter • SKB continues to work closely with city staff in planning the redevelopment

of key portions of CityCenter. SKB was selected by the City Council in 2020 as the preferred master developer to partner with in redeveloping the property depicted in blue which is owned or controlled by the city and/or the Englewood Environmental Foundation (EEF).

• Due to the negative real estate market impacts of the COVID-pandemic, the current Preliminary Development Agreement with SKB is expected to be amended. The amendment will be presented for City Council consideration on April 19, 2021 and it would enable SKB and the city until late 2021 to finalize a Master Development Agreement.

Former Weingarten Property• Staff continues to coordinate with LNR Partners about their plans to sell

the former Weingarten property (depicted in red). City and LNR representatives have been negotiating a “Framework Agreement” which would define the steps for terminating the underlying ground lease, which would facilitate future redevelopment of this portion of CityCenter.

• In order to support future redevelopment the Framework Agreement will include a commitment by the city to consider rezoning the site to the zoning that was in place prior to the construction of CityCenter. Community Development staff are coordinating the development of a rezoning proposal for the CityCenter area from PUD to MU-B-1 (the mixed-use zoning for the downtown area). A virtual public information meeting to review and comment on the rezoning concept is scheduled for April 27. The Framework Agreement is tentatively scheduled for City Council consideration on May 17, 2021.

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Small Business Webinars

REGISTER: www.Aurora-SouthMetroSBDC.com/training

Funded in part through a cooperative agreement with the U.S. Small Business Administration.

COST: Low-cost, non-refundable fees | free webinars are indicated

WHO: Entrepreneurs who need to pivot, find new clients and make money.New entrepreneurs with a solid business ideaClases e Información en Español

LEADING EDGETM is the business planning flagship program for Colorado entrepreneurs.

• ALL sessions within the series recommended• Attend at least two one-on-one consulting sessions during the

series• Englewood business scholarships may be granted; apply here.

Aurora-SouthMetroSBDC.com | info@Aurora-SouthMetroSBDC.com Aurora-SouthMetroSBDC.com | info@Aurora-SouthMetroSBDC.com | | (303) 326-8686(303) 326-8686

LEADING EDGETM: Strategic Planning SeriesFour Sessions: Fridays, April 23, 30, May 7, 14, 2021, 9:00 - 11:30 AMCreating a Short Flexible Business Plan -- for existing businesses 2+ yearsTopics: Understanding Your Business Model, How Operations andFinances Together Build Success, Marketing To Ensure Sales, Putting the Plan TogetherFee-based webinars payable upon registration @ $200/series or $60/session

LEADING EDGETM: Home-Based Child Care Business Training ProgramSix sessions on Tuesday evenings: July 13 – August 17, 2021, 6:00 - 8:30 PM Learn techniques and strategies to better manage the finances, marketing and operationsof your home-based child care business. FREE

LEADING EDGETM: Start-Up EssentialsVarious dates throughout the yearUnderstanding Your Business Model -- for start-ups one year or less in businessThe Business Model Canvas is a visual tool to help you define your business ideain a simple and concrete way. Four sessions: Lauching Essentials, MarketingEssentials, Cash Flow Essentials and Business Plan Essentials.Fee-based webinars payable upon registration @ $200/series or $60/session

Fired Up: I Want to Start a Business A FREE webinar required of start-ups one year or less in businessAURORA-

SOUTH METROSBDC

Virtual appointments only:

SBDC Host:CITY OF AURORAAurora Municipal Center

CITY OF ENGLEWOODEnglewood Civic Center

THRIVE WORKPLACEDTC | Centennial

Number Number Number Number Year To Date Year To Date Year To Date Year To DateMarch, 2021 March, 2020 March, 2019 March, 2018 March, 2021 March, 2020 March, 2019 March, 2018

Number of PermitsAccessory 21 29 42 19 57 62 114 54Building 72 79 62 55 133 167 130 156Demo 8 3 3 9 22 9 14 37Electric 48 68 53 75 140 210 170 228Mechanical 29 32 35 40 87 140 128 143Plumbing 28 18 22 48 96 94 109 115Total 206 229 217 246 535 682 665 733

InspectionsBuilding 251 237 328 301 678 764 874 809Demo 1 0 5 10 7 10 9 33Electric 176 235 229 234 444 689 711 702Mechanical 78 88 112 98 195 276 354 252Plumbing 90 141 173 175 284 415 481 368Total 596 701 847 818 1608 2154 2429 2164

Permit Valuation $7,135,773 $17,886,494 $4,802,933 $7,138,268 $67,839,500 $50,763,302 $15,241,114 $51,750,091

FeesLicenses $14,400 $11,450 $12,700 $11,325 $38,575 $34,850 $37,400 $33,250Permit Fees $64,052 $128,936 $51,064 $37,897 $345,422 $306,568 $153,790 $132,599Plan Ck $13,984 $10,001 $13,858 $12,567 $106,412 $74,858 $50,593 $30,860Use Tax $122,830 $316,067 $89,791 $30,332 $1,242,667 $898,544 $276,571 $313,767Total $215,266 $466,454 $167,413 $92,121 $1,733,076 $1,314,820 $518,354 $510,476

City of Englewood, ColoradoBuilding Division Monthly Report - March 2021

OFFICE SPACE Englewood Denver Metro Arapahoe County

Existing Buildings 130 5,555 1,185 Existing Square Feet 2M 179M 45.2M Vacancy Rates 8.1% 13.6% 14.7% Market Lease Rate (SF) $23.10 $28.76 $25.33 Market Sales Price (SF) $180 $234 $186 Available (SF) 242K 33.9M 9.4M Market CAP Rate 7.7% 7.2% 7.5%

RETAIL Englewood Denver Metro Arapahoe County

Existing Buildings 341 11,753 2,378 Existing Square Feet 2.8M 159M 38.4M Vacancy Rates 8.1% 5.3% 6.9% Market Lease Rate (SF) $22.14 $23.28 $22.80 Market Sales Price (SF) $231 $232 $230 Available (SF) 248K 10.4M 3M Market CAP Rate 6.5% 6.5% 6.9%

INDUSTRIAL Englewood Denver Metro Arapahoe County

Existing Buildings 497 7,956 1,368 Existing Square Feet 8.1M 255M 32.2M Vacancy Rates 4.1% 6.6% 9.0% Market Lease Rate (SF) $10.88 $10.12 $12.21 Market Sales Price (SF) $140 $137 $158 Available (SF) 671K 24.1M 4.1M Market CAP Rate 6.9% 6.7% 6.9%

ENGLEWOOD

Commercial Real Estate Report

The quarterly real estate report presents a three-month snapshot of commercial real estate trends and transactions in Englewood and provides a comparison to Metro Denver and Arapahoe County. 1ST

Qua

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202

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Data Source: CoStar Realty Information, Inc.

ECONOMIC DEVELOPMENT 1000 Englewood Pkwy, Englewood, CO 80110 303.762.2342 • commdev@englewoodgov.org

A searchable listing of available commercial real estate in Englewood is available at englewoodco.gov/doing-business