Littleton independent 0822

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August 22, 2013

Arapahoe County, Colorado • Volume 125, Issue 5

75 cents

A Colorado Community Media Publication

ourlittletonnews.com

How many apartments is too many? City council hears from local experts By Jennifer Smith

jsmith@ourcoloradonews.com

Riding in possibly the coolest float in the entire parade, a trio of Western Welcome Week fans beat the heat with popsicles as they make their way along the parade route on Aug. 17 in downtown Littleton.

Downright

GRAND

With horses, tractors, fire engines, marching bands and classic cars, the 85th annual Western Welcome Week Grand Parade made its way through downtown Littleton. With a tip of the hat to the past and a nod to the future, approximately 125 entries moseyed their way down Main Street to crowds stacked three and four deep. As the parade concluded, Main Street opened up for an afternoon of shopping, food and activities. Find more photos from Festival Day on Page 10.

PHOTOS BY DEBORAH GRIGSBY

Members of the Heritage High School pom squad jump at the chance to help celebrate Western Welcome Week during the annual event’s Grand Parade in downtown Littleton. POSTAL ADDRESS

Colorful Latin dancers show off their beautiful traditional dresses as mariachi musicians play along Main Street in downtown Littleton. Western Welcome Week celebrates the town’s many ties to its deep Western roots and culture.

Local “paperboy” Marley Ortega, 3, enjoys a paper route of a different kind as the Littleton Independent float makes its way through downtown Littleton. Founded in the late 1880s, the paper has served the community for more than 125 years. LITTLETON INDEPENDENT (ISSN 1058-7837) (USPS 315-780) OFFICE: 9137 S. Ridgeline Blvd., Suite 210, Highlands Ranch, CO 80129 PHONE: 303-566-4100 A legal newspaper of general circulation in Englewood, Colorado, the Littleton Independent is published weekly on Thursday by Colorado Community Media. PERIODICALS POSTAGE PAID AT ENGLEWOOD, COLORADO AND ADDITIONAL MAILING OFFICES. POSTMASTER: Send address change to: 9137 S. Ridgeline Blvd., Suite 210, Highlands Ranch, CO 80129 DEADLINES: Display advertising: Thurs. 11 a.m. Legal advertising: Thurs. 11 a.m. Classified advertising: Mon. 12 p.m.

With some citizens complaining lately that Littleton City Council is approving too many multifamily projects, council heard from a local economist and representatives from the Colorado Apartment Association during its Aug. 13 study session. According to city statistics, there are 821 apartments under review and 1,680 approved but not yet built. That includes 774 planned as part of a mixed-use development known as Santa Fe Park on the 111 acres at the southwest corner of Santa Fe Drive and Mineral Avenue. Council approved the plan in the 1980s, but it has never developed. Cassidy Turley Commercial Real Estate Services lists the land on its website as for sale for more than $29 million. The second quarter of 2013 saw a record low vacancy rate of 2.4 percent in Littleton, said Nancy Burke, vice president of government and community affairs at AAMD. Statistics compiled by Patty Silverstein, president of Development Research Partners, showed the rate was 3.5 percent during the first quarter, compared to 4.6 percent throughout metro Denver at large. “The Littleton market is a very strong market that absorbs these units very quickly,” said Silverstein. Part of the reason is light rail, they agree. “Light-rail transit stations are attractive to various segments of the population seeking lifestyle choices such as convenient access to jobs, leisure activities, educational facilities, shopping, convenience for telecommuting and home-based business, or simply to be near transportation,” writes Silverstein in a report prepared specifically for the city. About 39 percent of Littleton’s housing is multifamily, compared to 16 percent in Douglas County and 32 percent in Denver. Burke said 35 percent represents a good mix, but transit-oriented development ups that. Average lease rates have climbed from $819 in 2008 to $963 now, higher than Denver but lower than Douglas County. “I think the bottom line with any community is diversity of housing is so critical,” said Silverstein. If council approves the Broadstone project, two-bedroom units will run about $1,800 a month. Already approved is Littleton Commons, 385 units that will lease for up to $2,100 a month on an 18-acre plot at the southeast corner of County Line Road and Erickson Boulevard. “The city of Littleton is moving in the

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Apartment continues on Page 9

Printed on recycled newsprint. Please recycle this copy.


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