The River Mile City Council Presentation

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