The current tenant of property approved for a new 20-story zero-setback building is this residential hotel.
BY FREDA MIKLIN
After a unanimous recommendation from its Land Use, Transportation and Infrastructure Committee, the Denver City Council Jan. 29 voted 12 to one to rezone the property at 4885-4889 S. Quebec Street to allow construction of a 250-foot tall, 20-story mixed-use building just west of the Belleview Light Rail Station. Only City Council Member Rafael Espinoza opposed the request. The 3.2-acre property presently contains a 141-room two-story Extended Stay America motel built in 1995. Its average price is $62 per room night.
Though the site is adjacent to the 50-acre Belleview Station development, this property is not a part of that development or its infrastructure design, including its traffic plan. The property is owned by affiliates of Denver-headquartered Stonebridge Companies, who sought and received the rezoning. Stonebridge is a hotel development and hospitality company that manages 60 hotels. Their Colorado portfolio includes two Greenwood Village hotels, the DoubleTree at 7801 E. Orchard Road and Hyatt Place at 8300 E. Crescent Parkway. They purchased the property just over a year ago. The price has not been recorded in Denver’s official records, however, the site is valued at $8 million by the assessor’s office.
Andy Boian of Dovetail Solutions.com, spokesman for Stonebridge, said that they expect to announce their detailed development plans for the site in the next 60 days.
The zoning classification that was approved by Denver City Council, contains no required setbacks or open space whatsoever on the 3.2 acres. A Stonebridge representative testified that they plan to have at least 10 percent open space, however, that commitment was not made a condition of city council’s support.
Approval of rezoning in Denver does not require the applicant to disclose, nor the city council to consider the proposed use of the property. It appears that it will be a combination of hotel, office and retail, however, that will not be known until a site development plan is submitted and approved. No traffic study is required for the rezoning and it is unclear whether one will be required with the site development plan.
Several representatives of the Belleview Station development, whose zoning requires open space of 10 to 20 percent, opposed Stonebridge’s request for rezoning up to 20 stories. Brooke Maloy, VP of Front Range Land and Development-Belleview Station, said they are concerned about the potential traffic impact of what may be at least 10 times the current density on the property. Representatives of Western Union and Ambli Restaurant testified in support of the rezoning.
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