Arvada Urban Renewal Authority Olde Town Arvada 57th Avenue & Yukon Street
Parcel Description Great 1.7 acre mixed use site adjacent in the heart of Olde Town Arvada. Olde Town Arvada will have a station on the Gold Line transit corridor which is fully funded and due to be completed in mid-2016. This site is two blocks from the station location. The City of Arvada and Arvada Urban Renewal Authority (AURA) have an interest in including a public parking component and are willing to work with developers on how this would be financed. The Arvada Elks Lodge may have an interest in staying on-site as part of a redevelopment. Existing Uses The site has two buildings. The parcel at 5700 Yukon Street is the site of the Arvada Elks Lodge and parking. The parcel at 5790 Yukon Street has a small, one-story office building. Zoning and Land Use Current and proposed zoning allows a mix of uses. Developer would have to process a site plan and gain Design Review approval. Proposed zoning allows up to three stories. Other Information The Gold Line and TOD development are the City of Arvada Council’s top priorities as evidenced by relocating the main Arvada Library to Olde Town, a new plaza, new streetscapes along Olde Wadsworth Boulevard and Grandview Avenue, public parking and the Wadsworth Grade Separation project. The City of Arvada has undertaken station area planning, developed a parking management strategy, and has designated the area as an urban renewal district. Olde Town Arvada is a thriving and charming downtown environment which is on the National Register of Historic Places. Market Information Strong market for multifamily, either ownership or rental. Some market at this site possibly for office, hotel and eating establishments. Ownership Information The site consists of two ownerships. One site is owned by B P Order of Elks, Lodge 2278 and the other site is owned by A Tavern LLC.