Trammell Crow, the owner and developer of the Olde Town Station development — a multi-use development that includes residential housing, a hotel and retail space — has unveiled the four of the five retail tenants that will occupy the space.
Perry’s Pizza, Smashburger, Snooze and Cava will have locations at the development, located at 56th Avenue and Wadsworth Boulevard and set to open in Q1 of 2023. Bill Mosher, Trammell Crow’s Denver Senior Managing Director, said that the company has signed a Letter of Intent with another food service company for the development’s 5th and final retail space.
Mosher said he was surprised that all of the retail spaces are going to be food service and added that he felt it will benefit residents and hotel guests alike.
“Somewhat surprisingly to us, putting this together during COVID, we ended up with all food service, which we didn’t plan on. It’ll be great for the residents across the street and hotel guests,” Mosher said.
Mosher also gave an update on construction, which began weeks ago.
“We started construction two-to-three weeks ago, pouring foundation. We’ll be done this year. We’re hopeful to be done by an October/November timeframe. Tenant improvements will vary by tenant. We’re looking at a first quarter next year opening,” Mosher said.
Maureen Phair, executive director of the Arvada Urban Renewal Authority, said that she felt the added dining options will be a good fit with existing Olde Town businesses.
“I think it’s a perfect complement to what’s happening in Olde Town. It’s offering a new variety, new choices. It’s an opportunity to link the project with Olde Town, provide a destination, a reason for people to go back and forth. It further extends Olde Town,” Phair said.
Phair added that the popularity of chains like Snooze and Cava in Denver has the potential to bring more people to Arvada.
“I think it will bring new people to the area because they’re so popular. It’s a great opportunity for people to enjoy these restaurants via the G-Line. It provides really easy access to the restaurants,” Phair said.
Mosher said that the retail portion of the development – which will have 86 designated parking spots — shows the potential for commerce that the historic district has.
“I think it’s a total confirmation of how dynamic Olde Town and the Wadsworth corridor is. We’re investing a lot of money — we were drawn there by Wadsworth as a state highway and Olde Town Arvada as a really cool historic district… everybody wants to be where everyone is. It pushes the notion that Arvada’s a destination,” Mosher said.