New Transit Oriented Development Located Across From Future Commuter Rail Station
DENVER, CO – July 1, 2013 Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate, announces it has been selected as the preferred development team to begin negotiations for the master development of the Arvada Olde Town TOD site in Arvada, CO.
“We are very excited to be selected as the preferred development team and look forward to working with the Executive Oversight Committee on the Arvada Olde Town project,” said Bill Mosher, Senior Managing Director of Trammell Crow Company’s Denver Business Unit. “Trammell Crow Company is committed to delivering a successful product that will further energize this area and create a bustling community near the new rail station. We have enjoyed our experience working with RTD on the Denver Union Station redevelopment and look forward to working together again.”
The Olde Town Arvada TOD project will sit on an 8.79-acre site directly across the tracks from the future Olde Town Arvada commuter rail station. The station is scheduled to open in 2016 and is on the Gold Line, the under-construction commuter corridor component of RTD’s FasTracks rail system.
Trammell Crow Company was selected by the Executive Oversight Committee (EOC), which includes the Arvada Urban Renewal Authority (AURA), the City of Arvada and the Regional Transportation District (RTD). The EOC will oversee the development.
About AURA
Arvada Urban Renewal Authority (AURA) is responsible for revitalizing urban areas designated throughout the community by creating successful; high‐quality projects that will help produce a vibrant cohesive city and enhance the quality of life for the citizens of Arvada. AURA is an independent body under the State of Colorado law and governed by a seven member volunteer board appointed by the Mayor and approved by the City Council. The Board works under a common vision dictated by the legally approved urban renewal plan. For a list of current urban renewal areas or general information about AURA, visit www.arvadaurbanrenewal.org.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of March 31, 2013, Trammell Crow Company had over $4.3 billion of projects in process and $1.9 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 15 major cities throughout the United States. The company serves users of and investors in, office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company offers large strategic joint ventures, opportunity funds, and other targeted investment options.
Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). For more information visit www.TrammellCrow.com.
