redevelopment of denver union station union station ...€¦ · job creation • our team is...
TRANSCRIPT
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REDEVELOPMENT of DENVER UNION STATION
UNION STATION ALLIANCE, LLC
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How do we get there?
With a plan and a team that works!
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Who’s the Team?
• THE COMMUNITY
• AMTRAK and RTD STAFF & BOARD
• TEAM USA • Milender White Construction
• Sage Hospitality
• Larimer Associates
• Tryba Architects
• JG Johnson Architects
• Dana Crawford
• REGen, LLC
• Cubie Dawson
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What’s our plan? • TRANSIT FIRST
– Union Station at its core is and will remain a transit oriented development
• GREAT HALL
– A space that never closes and is active, comfortable and welcoming place for all
people
• MAINTAINS THE HISTORIC INTEGRITY OF THE BUILDING
– Our team has financed, designed and redeveloped more than 35 historic
properties in Denver and throughout the United States
• CUSTOM CRAFTED RETAIL, RESTAURANTS AND SERVICES
– A collection that both recognizes and enhances the public use of the
Great Hall and is equally appealing to transit users, residents, visitors and
workers
• HOTEL
– THE ultimate 24/7/365 activation with a culture of western hospitality
• ECONOMIC ENGINE
– $207m of direct economic benefit and creation of 350 new jobs
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Public Space
• Multimodal Transportation Center
• All people will be comfortable and welcome
• Committed to same RTD policies that are in effect
at Market Street Station
• Community Input
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The Hotel
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The hotel will utilize the spa, fitness center,
parking and conference rooms at the Oxford
Hotel
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Each hotel room will be different and themed after the Great Train Era.
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The hotel will utilize the spa, fitness center, conference rooms, and 100 day
time and 200 nighttime parking spaces at the Oxford Hotel.
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Model
Railroad Club
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The Platte Valley & Western Model Railroad Club and Denver Society
of Model Railroads will remain in the basement of the station.
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Custom Crafted Retail,
Restaurants and Services
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Custom Crafted Retail, Restaurants
and Services
• Neighborhood outreach completed
• Unconventional and effective tenant recruitment
• A balance of local and national, distinctive and authentic
tenants
• Parking
• Hotel use additionally ensures the success of the retail
• Operations and Management
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Economic Engine
Project will generate hundreds of millions of
dollars in revenue for Denver and the region
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$-
$50
$100
$150
$200
$250
RTD Lease
Payments
Lodgers Tax Sales Tax -
Restaurant
Sales Tax - Retail Property Tax Total Economic
Value
$65 $78
$20 $22 $21
$207
Millio
ns
Projected Economic Benefits
Restaurant/ Retail/ Hotel
Projected Economic Benefits ($207 million over 60 year term)
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-
50
100
150
200
250
300
350
Restaurant/ Retail/ Hotel
350
Job Creation
• Our team is dedicated to RTD’s
Work Initiative Now (WIN)
program
– 15 WIN construction jobs
• 350 NEW jobs within the station
– 55 Hotel jobs
– 70 Restaurant jobs
– 100 Retail jobs
Job Creation
Hundreds of jobs will be
created in the surrounding
community.
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Next Steps
• Currently in final negotiations with RTD
• Demolition estimated to begin Winter 2012
• Doors open in Summer 2014
For updates on the project or to learn more please visit us at
www.unionstationalliance.com
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Thank you!