REDEVELOPMENT PLAN: Our Preservation concept, which was studied over a three-year timeframe, calls for a 130 room hotel to be operated in conjunction with the nearby Oxford Hotel, will activate approximately 22,000 square feet of destination retail, 20,825 square feet of Amtrak and RTD service oriented space, and will provide 100 daytime and 200 nighttime and weekend parking spaces.
LEASE TERM: 60 years
LEASE PAYMENT: $65 million
COST: $48 million
LEED RATING GOAL: Gold
PROJECT COMPLETION: Spring 2014
EMPHASIS: Hospitality. “Welcome to the American West”.
THE GREAT HALL: Focal point for DUS is the Great Hall which will serve as the transit waiting room and the hotel lobby, a people oriented space 24/7/365. With the return of the original chandeliers and a warm welcoming design, the Great Hall becomes a major hospitality magnet of the west.
DIRECT COMMUNITY BENEFITS: Increased traffic flow will attract many more investments and purchases in the immediate neighborhood providing additional tax revenues for the B-7 Historic District, the Metropolitan District, the Highlands, and Downtown Denver. Union Station Alliance (USA) provides experienced outreach programs to all its publics. Programming and special events will be planned in collaboration with the neighborhood.
PRESERVATION PREDEVELOPMENT RESEARCH: Our concept has been developed in detail based on opinions of the Colorado State Historic Preservation office building code expert Massoud Sabounchi, and structural engineer Bill Newell who offices in DUS.
MANAGEMENT EXPERIENCE: Sage Hospitality manages 63 hotels (owning 30), 15 of these hotels are located in Denver. Ashkenazy owns 15 million square feet of high end retail tenants. Larimer Associates owns and manages Larimer Square (after Crawford founded and managed it for 22 years) and other local neighborhood centers.
TRUE GRIT: In the tradition of the American West, this Union Station Alliance has True Grit. We provide the money, the jobs, the experience, the sustainability, the activation, the passion and many decades of future tax dollars to provide RTD with the “wherewithal” to progress.