The Denver Post | Centennial looks for retail renaissance along Arapahoe Road

CENTENNIAL — Arapahoe Road, regarded by many as Centennial’s Main Street, appears by all measures to be a bustling retail zone with tens of thousands of vehicles passing through each day.

But the preponderance of that activity — and the all-important sales tax revenues generated — misses Centennial entirely.

Around the interchange of Interstate 25 and Arapahoe Road, there is a Home Depot, a Lowe’s, a Target and a Sprouts Farmers Market. All are inside the borders of Greenwood Village.

At the other end of Arapahoe at Parker Road, a Sprouts, a Homegoods store and a Target beckon motorists into the Cornerstar shopping center. Sales tax dollars dropped there end up with Aurora.

“We live in a very competitive neighborhood because we’re surrounded by some pretty competitive cities,” said Ken Lucas, a Centennial councilman who said city leaders have spent a lot of time figuring out ways to improve the city’s retail position in the corridor. “It’s going to be a challenge.”

Enough of a challenge that the city this week signed off on a $30,000 contract with KP & Associates to get ideas on how to make more of Arapahoe Road, which sees 56,000 vehicles a day at Peoria Street and 54,000 daily vehicles at Parker Road.

The study will focus on a 5½-mile stretch of the road, between Quebec Street and Parker Road. A final report is due in December.

“What are our current conditions? What opportunities do we have for retail in the future?” asked Neil Marciniak, economic development manager for the city. “How do we attract and retain long-lasting retail businesses along the corridor?”

Not that Centennial’s portion of Arapahoe Road is a bust. Of the city’s nearly $34 million in sales revenue last year, about $7 million — or just over 20 percent — came from the corridor.

But Arapahoe through Centennial is dominated by sprawling auto dealerships and suburban office complexes, with less of a focus on the everyday shopper looking for groceries, clothing or electronics.

That’s likely due to the fact, Lucas said, that Centennial didn’t become a city until 2000 and neighboring municipalities already had claims on key parcels of land — especially around major intersections.

“A lot of this stuff happened before the city was a city,” he said. “We had to start in the hole.”

A big part of emerging from that hole, Marciniak said, is bringing to Arapahoe the type of businesses that will keep the six-lane thoroughfare thriving and bringing back shoppers.

It’s not like the city hasn’t had notable retail successes, like the opening of IKEA four years ago, or Streets of SouthGlenn, which comes closest to mimicking a downtown district for the sprawling city of 106,000.

But that success has been more elusive on Arapahoe Road.

“What genres of retail can we attract?” Marciniak said. “Maybe not so much strip (style) but more well-rounded retail.”

The city put into action the Arapahoe Urban Center subplan in 2009, which envisions a broader picture of urban style development around the I-25 interchange. The retail analysis will build on that, said Centennial principal planner Daniel Krzyzanowski, but take a more “ground level” look at near-term development opportunities.

Councilwoman Kathy Turley at a City Council meeting asked about the viability of creating a more intimate Main Street-style retail experience. Centennial’s city hall complex and $5.3 million Center Park are located at Arapahoe Road and South Revere Parkway.

Katy Press, principal with KP, said a downtown shopping district would have to be designed very carefully. It would likely need an anchor store — or anchor concept — to bring in enough shoppers to sustain the smaller, independent boutique retailers.

“How do you create an anchor out of a nontraditional retail center?” she asked. “It’s not enough just to build it.”

She said Arapahoe Road looks like it does because it was designed and built with the automobile front and center.

Press added: “It’s been auto-centric and retailers have responded to that.”

Read more: The Denver Post | Centennial looks for retail renaissance along Arapahoe Road
Re-posted by: Crosbie Real Estate Group
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The Denver Post I Natural Grocers store opens quietly in Capitol Hill

 

ImageNo one waited for hours to check out, and it didn’t appear anyone camped overnight, but people in Capitol Hill were still pretty excited about a new grocer in the neighborhood.

 

Natural Grocers by Vitamin Cottage celebrated its grand opening Tuesday in a reclaimed building at East Colfax Avenue and Washington Street.

 

The doors opened without the fanfare of Trader Joe’s, which was flooded by shoppers last week when the ribbon was cut on a location a few miles to the east at East Eighth Avenue and Colorado Boulevard.

 

“For years, you had to get on your bike and ride to 15th and Platte or take all your money to Whole Foods,” shopper Greg DeGroat said. “I’m really grateful as a Cap Hill resident and someone who wants to eat healthy.”

 

Store manager Barb Zalewski said the company didn’t put much effort into announcing the new store, mailing only one set of postcards to the neighborhood. Typically, the Lakewood-based retailer hits its new neighborhoods with six or seven mailings, she said.

 

The new store, in an old Office Depot that has been vacant since 2012, is one of a few in the chain that has a test kitchen for cooking demonstrations, Zalewski said.

 

“People are excited. People are saying, ‘Thank you for being in the neighborhood,’ ” Zalewski said.

 

DeGroat said he found out about the Capitol Hill store when he passed by during the soft opening Saturday. It was his birthday, and he called the store the perfect gift.

 

Read more: Natural Grocers store opens quietly in Capitol Hill – The Denver Post 
Re-posted by: Crosbie Real Estate Group

The Denver Post I Glendale’s big-name restaurant cluster adds to urban renaissance

Read about our CitySet listing in Glendale featured in The Denver Post!

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Jax Fish House ribbon cutting and celebration of their new location at CitySet. June, 2013

The metro Denver enclave of Glendale is known for many things — pro-business orientation, nightclubs and strip bars, endless traffic jams on Colorado Boulevard. But Glendale is undergoing a renaissance, and nowhere is it more apparent than in restaurants.

The city has never held a reputation as an innovative eating destination. Chili’s and Applebee’s draw patrons but not rave reviews. Yet now, diners have another choice beyond the better-known foodie destinations of LoDo and Cherry Creek.

Ground zero for the restaurant awakening is CitySet, a retail center tucked away behind the Hilton Garden Inn at Cherry Creek Drive South and South Colorado Boulevard.

In June, the popular Jax Fish House opened its fourth Colorado location at CitySet. By early next year, another high-profile operator, The Kitchen, will open its casual The Kitchen Next Door concept at CitySet.

Adding variety in menu offerings and price points are Udi’s, Big Smoke Burger, World of Beer, Cuba Cuba Sandwicheria and Native Foods Cafe.

Glendale officials see CitySet as an anchor for the proposed Riverwalk entertainment district that will run along a half-mile stretch of Cherry Creek waterfront. Glendale already has earned praise and international publicity for the nearby $22.5 million rugby complex at Infinity Park.

“What the city has done to revitalize its core is nothing short of amazing,” said Kimbal Musk, co-owner of The Kitchen. “That whole area is going to become a great destination.”

Musk said he had been looking for a good east-Denver location for two years, with much of the search focused on Cherry Creek North.

“But frankly, this was just a better setting,” he said.

Jax Fish House owner Dave Query said he and restaurant partner Jamie Fader had been looking throughout metro Denver for a new location when they became familiar with CitySet after meeting with developer Navin Dimond of Arapahoe County-based Stonebridge Cos.

“The only thing I knew about Glendale and this location was that it’s right down the street from (strip club) Shotgun Willie’s,” Query said.

But in meeting with Glendale officials to discuss and plan the new restaurant, Query said he became enamored of the city’s enthusiasm for bringing in new businesses.

“At the liquor-license hearing, they give you a foot rub and hot muffins when you walk out,” Query joked.

Query initially called the new restaurant Jax Cherry Creek, believing that name would add cachet and a geographic cue, but it’s now Jax Glendale.

“We weren’t giving Glendale a fair shake,” he said. “So we bit the bullet and jumped in with the Glendale name.”

Restaurant analyst David Kincheloe of Golden-based National Restaurant Consultants said CitySet provides a critical mass of restaurants to help draw patrons to a location without high visibility. He noted that most of the new restaurants can’t be seen from Colorado Boulevard.

“Most people would consider that to be Class B real estate,” he said. “But by having a restaurant cluster, you create a destination. People come, and then they decide which restaurant they’re going to.”

Read more: The Denver Post I Glendale’s big-name restaurant cluster adds to urban renaissance
Re-posted by: Crosbie Real Estate Group

Denver Business Journal | King Soopers parent Kroger may replace Walmart as 9th and Colorado anchor

Logos

Instead of a Walmart, Denver’s old University of Colorado Hospital site may get a King Soopers or other Kroger store instead.

The Denver Post’s Jeremy P. Meyer and John Mossman report that Kroger Co. — the Cincinnati-based parent of Colorado grocery chains King Soopers and City Market — is in talks to place a market at the East Ninth Avenue and Colorado Boulevard site where Wal-Mart Stores Inc. wanted to go.

The Post says the store could be a King Soopers or one of Kroger’s more upscale Fresh Fare outlets. It says a decision is expected by mid-December.

Read more:  http://www.bizjournals.com/denver/morning_call/2012/11/kroger.html?ana=e_den_rdup&s=newsletter&ed=2012-11-28
Re-posted by:  Crosbie Real Estate Group

The Denver Post | Target Looking at Downtown Denver Sites for Urban Store

Target is eying downtown Denver for a department store, part of its new thrust toward locating in urban areas. The Minneapolis-based retailer is in talks to identify downtown Denver sites, according to sources familiar with the discussions.

The first of the new style of urban stores, named City Target, will open next month in Chicago’s downtown Loop. Additional stores are set to open in Los Angeles, Seattle, San Francisco and Portland, Ore.

Read more: http://business-news.thestreet.com/denver-post/story/target-looking-downtown-denver-sites-urban-store/1
Re-posted by: Crosbie Real Estate Group

The Denver Post | H&M to open store at FlatIron Crossing in Broomfield, Colorado

Cheap chic retailer H&M will open another store in FlatIron Crossing this fall on the upper level in the current Eddie Bauer space. Eddie Bauer will relocate to the lower level next to Tilly’s.

The new H&M will carry affordable fashions for women, men and children in an 18,000-square-foot one-story space.

The Sweden-based retailer opened its first Colorado outlet in the Denver Pavilions, and had previously announced it would add a second location in the Cherry Creek Shopping Center.

H&M has roughly 2,500 stores in 43 markets worldwide.