Redevelopment Planning Update
Why is this project being discussed? As CityCenter continues to age, its long-term value to the community has been slowly diminishing. This circumstance is due to the following trends:
Changing nature of shopping in the form of online sales.
There has been no increase in new housing options at CityCenter.
Key elements of the infrastructure require replacement.
The environment is surrounded by uninviting surface parking lots.
There is a lack of or obsolescent bicycle and pedestrian facilities and amenities.
After twenty years, it is time to renew, revitalize, and reinvent the greater Englewood Station area, starting with CityCenter.
What is being recommended? The CityCenter was redeveloped twenty years ago through a public/private partnership and a new partnership is envisioned for the redevelopment of parts of CityCenter in the coming years. The Planning and Zoning Commission recently recommended rezoning the area to enable additional and sustainable development in order to take advantage of CityCenter’s proximity to regional light rail and bus transportation. The Englewood City Council will consider the rezoning in August and September, which will lead to additional and more specific planning and agreements later this year between the city and its CityCenter development partner, SKB of Portland, OR.
Why are you having an informational meeting? The Englewood Community Development staff and the city’s selected master developer, SKB, will provide an overview of the redevelopment planning that has been achieved to date under the Preliminary Development Agreement between the City of Englewood and SKB.
City and SKB representatives will also provide updates on the status of the former Weingarten property that was foreclosed on in August of 2018. This property is bordered by Elati on the east, Hampden/US 285 on the south, Inca on the west and Englewood Parkway on the north, and also includes the former 24-Hour Fitness and the Tokyo Joes buildings adjacent to the Civic Center building. Pending city council approval in August, a Framework Agreement between the city and LNR Partners will help guide the redevelopment of portions of the former Weingarten property. LNR is the firm that represents the bondholders that foreclosed on this property.