The River Mile A sustainable and cost-eective model for growth in Denver. Presented by Revesco Properties - December 17, 2018
“Cities are better places to live having restored streams and rivers running through them …” Dr. Kurt Fausch, CSU Fish Ecologist
The River Mile 2
Healthy river, healthy city.
The River Mile 3
15% affordable housing
One mile of riverfront
More parks & open space
Meeting the planning goals
Environmental remediation
Greater architectural
Housing
Densification
$600 Million
Community amenities
the most comprehensive plan in the City
50% more than the City requires
of a contaiminated 62-acre site
near light rail without gentrification or displacement
of infrastructure without City financial assistance
open to everyone
of the City
standards and guidelines
where it makes sense
in a true urban setting
The River Mile 4
The River Mile 5
Alignment of goals
The River Mile Principles Mixed Use
Smart Growth
Inclusivity
Sustainable Community
Downtown Denver Area Plan Principles Equitable, Affordable and Inclusive Strong and Authentic Neighborhoods Connected, Safe and Accessible Places Economically Diverse and Vibrant Environmentally Resilient Healthy and Active
High Design
Urban Scale
Connectivity
Reclaim the River
Human Scale (walkable)
Very Denver
The River Mile 6
One property. One owner. One holistic plan.
The River Mile 7
The River Mile 8
The River Mile 9
The River Mile 10
The River Mile 11
Public outreach Since July 2017
205
City and neighborhood meetings
121 City Agencies
44 Community Associations
40 City Council Members
The River Mile 12
Social & Environmental Benefits
The River Mile 13
7,786
residences at full buildout
The River Mile 14
Housing benefit
1,167
RESIDENCES* at The River Mile will be income-qualified across a wide spectrum of AMI levels. *Based on the projection of 7,786 residences.
2%
Affordable** required by City ordinance
15% Affordable planned at The River Mile
** Estimated per the City’s existing Linkage Fee
The River Mile 15
A complete community
At buildout The River Mile will feature a variety of residences, a community center, an elementary school, new touchpoints to the river, entertainment, recreation, two light rail stations, ofďŹ ce space, shops, restaurants, hospitality and community space.
The River Mile 16
Multimodal connectivity
I - 25
SPEER BLVD
UNION STATION (37 MIN TO DIA)
Light Rail Bike Path
THE RIVER MILE
Major Thoroughfares Future Autonomous Shuttle
LIGHT RAIL STATION
LIGHT RAIL STATION
COLFAX AVE
CHERRY CREEK BIKE PATH
SOUTH PLATTE BIKE PATH
The River Mile 17
Environmental benefit
12,193 fewer cars
43,893 fewer metric tons of CO2 each year
The average car produces 4.8 metric tons of carbon dioxide per year. We are projecting the actual miles traveled reduces by 50% (due to urban living and not having a car), and another 50% of all trips are going to ride share. That would make the total reduction 75%.
The River Mile 18
Bringing the South Platte River back to life
Wildlife habitat restoration and protection
Floodplain engineering and management
Regional recreation opportunities
The River Mile 19
Economic Benefits
The River Mile 20
Economic benefits Smart growth
1 mile
of development that benefits the entire City
16,450 residents 25,730 jobs $6.8 Billion
in total development
Reclaiming the river Designed by the community Unprecedented amount of affordable housing
$3.1 Billion
annual net economic and fiscal benefits (governmental revenues, payroll & benefits)
$68.3 Million
annual governmental revenues (property & sales/lodging tax)
The River Mile 21