DOCSLIB.ORG

5743 TELLER STREET, ARVADA, CO 80002 153 Luxurious Apartment

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
5743 TELLER STREET, ARVADA, CO 80002 153 Luxurious Apartment 5743 TELLER STREET, ARVADA, CO 80002 PREPARED BY: 153 luxurious apartment homes in the heart of vibrant Olde Town Arvada • TRULY WALKABLE URBAN LIVING • LIGHT RAIL ADJACENT • AMENITY RICH 1 | STARK ENTERPRISES • PARK PLACE Unique mid-rise with diverse unit mix and unrivaled amenities DISCLAIMER & USE LIMITATION The information contained in the following Confidential Marketing Memorandum (CMM) is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Stark Capital Group, LLC (SCG) and should not be reproduced and disclosed to any other person or entity without the written consent of SCG. The CMM has been prepared to provide summary, unverified information to prospective lenders and investors. The information contained in this CMM has been obtained from sources SCG believes to be reliable; however, SCG has not verified, and will not verify, any of the information contained herein, nor has SCG conducted any investigation regarding these matters. SCG makes no warranty or representation whatsoever regarding the accuracy or completeness of the information including, but not limited to, the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the compliance with State and Federal regulations, the physical condition or occupancy of the subject property. All potential lenders and investors should take appropriate measures to verify the information set forth herein and the CMM should not be considered a substitute for a thorough due diligence investigation. All logos, photography, and other visual imagery related to any of Robert L. Stark Enterprises, Inc. and its affiliates (RLSE) contained in this CMM are the property of RLSE and are used for the sole purpose of marketing the opportunity to potential lenders and investors. This CMM is to be used by prospective investors and lenders for informational purposes only. This CMM does not constitute an offer to sell, nor is it a solicitation of an offer to purchase any securities. 2 | STARK ENTERPRISES • PARK PLACE ABOUT STARK ENTERPRISES “We make communities the best they can be” STARK ENTERPRISES, headquartered in Cleveland, Ohio, is a full service real estate operating company with the highest level of expertise in acquisition, development, leasing, property management, construction, architectural design, landscape architecture and marketing. Balancing new urbanist principles and sustainability practices with economic viability, Stark Enterprises delivers remarkably progressive, next generation mixed-use properties. For nearly 40 years, Stark Enterprises has been developing and managing generational assets that leave visitors with lasting impressions. Stark’s portfolio consists of retail, entertainment, office, residential, hotel and student housing environments, totaling approximately seven million square feet. With its $2 billion portfolio and over $1 billion under development, Stark properties are always managed with the company’s long-term investment strategy in mind and are continually recognized by customers and industry leaders as among the most beautiful, well operated and maintained properties in the nation. 3 | STARK ENTERPRISES • PARK PLACE WHAT WE DO AS EXPERTS IN THEIR RESPECTIVE FIELDS, our team members play diverse roles in providing targeted support to meet project needs and exceed goals. Our partners reap the benefits of our vertically integrated structure, which maximizes speed and efficiency for even the most complex of projects. OPERATIONS ASSET FINANCE CAPITAL LEGAL MANAGEMENT MARKETS MARKETING LEASING DEVELOPMENT CONSTRUCTION 4 | STARK ENTERPRISES • PARK PLACE OUR HISTORY fostering exploration, 1997 1992 Terraces on discovery and creation Eagle Crest, the Green 1978 1982 1987 Rosemont Commons & Terraces at Stark Enterprises Comet Management West Market Plaza & Promenade of Northridge founded founded developed Westlake developed constructed 1995 The Strip developed Covington Valley Estates developed 1993 1996 Shops of Fairlawn Exterior developed Services founded 1980 Arbor ARBOR CONSTRUCTION EXTERIOR SERVICES Construction is a full-service general contractor and provides award-winning landscape design founded construction manager with a portfolio and first-class maintenance services for its including civil/state construction, retail, tenants. A full staff of maintenance and multifamily, mixed-use, office, theatre, operations personnel ensure that the grounds hospitality spaces and more. are kept clean and visitors’ experiences are exceeded beyond expectations. 5 | STARK ENTERPRISES • PARK PLACE OUR HISTORY 2015 STARK CAPITAL GROUP Stark Capital provides comprehensive real estate capital Group founded markets solutions with an emphasis on equity and debt placements, principal acquisitions 2001 2004 2007 and asset management. Whitehall Crocker Park The Lakes at West Terrace Phase I Chester Village acquired constructed acquired 2017 Construction commences on Crocker Park The Beacon, Portage North Phase III & NorthPark Plaza. Stark acquires constructed Overbrook & Reserve Park future… Eton Chagrin Boulevard Currently in acquired and redeveloped 2008 2011 2016 Crocker Park Stark Marketing Construction of development: Phase II Group founded Liv+ Arlington began • Solstice, constructed Los Angeles, CA • nuCLEus, STARK MARKETING GROUP Cleveland, OH provides specialized The Vue & • The Icon marketing, public relations on Smithfield, and graphic design Big Sky Park services to support and Apartments Pittsburgh, PA promote all properties acquired and residences. 6 | STARK ENTERPRISES • PARK PLACE CURRENT PROPERTIES 17 1213 20 22 4 24 21 109 33 23 1112 6 7 8 9 1415 18 25 1615 22 26 19 5 27 29 28 1 MENCHIE'S FROZEN YOGURT LOCATIONS ENSO ROLLS & BOWLS 1. Lakes at West Chester Village 7. Rosemont Commons 15. Water’s Edge 23. NorthPark Plaza WEST CHESTER, OH FAIRLAWN, OH CUYAHOGA FALLS, OH BRUNSWICK, OH 2. The Perch on Lake 8. Shops of Fairlawn 16. Terraces on the Green 24. Reserve Office Park SHEFFIELD LAKE, OH FAIRLAWN, OH AKRON, OH WESTLAKE, OH 3. Brooklor Plaza 9. West Market Plaza 17. Richmond Hills Apartments 25. Covington Valley Estates NORTH OLMSTED, OH FAIRLAWN, OH EUCLID, OH ERIE, PA 4. Crocker Park 10. Terraces at Northridge 18. Liv+ Kent 26. The Smithfield In Development WESTLAKE, OH CLEVELAND, OH KENT, OH PITTSBURGH, PA • The Residences 11. Canal Zone 19. The Strip 27. Overbrook Apartment Homes • Excelsior VALLEY VIEW, OH NORTH CANTON, OH LOUISVILLE, KY • Ovation 12. nuCLEus 20. The Vue 28. Liv+ Arlington • The Promenade DOWNTOWN CLEVELAND, OH BEACHWOOD, OH ARLINGTON, TX 5. The Shoppes at Stonecreek 13. The Beacon 21. Eton Chagrin Boulevard 29. Retail & Residential In Development PICKERINGTON, OH DOWNTOWN CLEVELAND, OH WOODMERE, OH LOS ANGELES, CA 6. Office Max Plaza 14. Portage Crossing 22. Big Sky Park Apartments FAIRLAWN, OH CUYAHOGA FALLS, OH WADSWORTH, OH 7 | STARK ENTERPRISES • PARK PLACE 01 EXECUTIVE SUMMARY 02 INVESTMENT SUMMARY 03 PROPERTY OVERVIEW MARKET / SUBMARKET 04 OVERVIEW 05 COMPARABLES 06 AREA OVERVIEW 07 DEMOGRAPHICS 8 | STARK ENTERPRISES • PARK PLACE 08 FINANCIALS 01 EXECUTIVE SUMMARY 9 | STARK ENTERPRISES • PARK PLACE EXECUTIVE SUMMARY STARK CAPITAL GROUP is pleased to present the exclusive offering of Park Place Olde Town, the only Class A apartment community located within Historic Olde Town Arvada. As Olde Town Arvada prepares for the opening of the G line commuter rail, Park Place Olde Town serves as the anchor to the trendiest new suburbia and place to raise a family in the Denver metro. Park Place Olde Town is a one-of-a-kind, newly constructed community that contains 153 luxurious apartment units with best in class amenities and finishes. Each unit is methodically designed to offer a smart living experience with breathtaking features and the stylish finishes that would be expected in a new apartment community. Every floor plan comes with spacious walk-in closets, stainless steel kitchen appliances, and plank laminate flooring. The building is designed with large private patios and balconies to capture the quintessential Denver experience and take advantage of the stunning mountain, park, and city views. Residents enjoy many perks and lavish amenities. There are three uniquely themed ‘social’ courtyards, a state of the art fitness center, 24-hour bike and ski maintenance facility, 24-hour dog washing and grooming station, structured parking, and many other amenities. Park Place Olde Town is just steps from the vibrant Historic Olde Town Arvada, which is soon to include the Olde Town Arvada Park-n-Ride Light Rail Station on the newly constructed G line commuter rail. Due to the proximity to this, Park Place Olde Town is in a perfect position to capture the rent growth that comes along with transit oriented communities. In addition, several ancillary income items are still stabilizing due to Park Place Olde Town being in lease-up for the majority of 2016. These two factors provide a clear path to upside and will generate strong cash flows going forward. There are TWO POTENTIAL SCENARIOS that would provide a combination of strong cash flow, upside potential, and value appreciation. 1) The first option would be to finance the property with a Freddie Mac first mortgage and then refinance to HUD upon the expiration of the interest only period, returning a large portion of the equity, and then pursuing a sale under favorable market conditions. Over a 7 year period this scenario would
Load more

Recommended publications
  • AGENCY PROFILE and FACTS RTD Services at a Glance
    AGENCY PROFILE AND FACTS RTD Services at a Glance Buses & Rail SeniorRide SportsRides Buses and trains connect SeniorRide buses provide Take RTD to a local the metro area and offer an essential service to our sporting event, Eldora an easy RTDway to Denver services senior citizen at community. a glanceMountain Resort, or the International Airport. BolderBoulder. Buses and trains connect and the metro trainsarea and offer an easy way to Denver International Airport. Access-a-Ride Free MallRide Access-a-RideAccess-a-Ride helps meet the Freetravel MallRideneeds of passengers buses with disabilities.Park-n-Rides Access-a-RideFlexRide helps connect the entire length Make connections with meet theFlexRide travel needsbuses travel of within selectof downtown’s RTD service areas.16th Catch FlexRideour to connect buses toand other trains RTD at bus or passengerstrain with servies disabilities. or get direct accessStreet to shopping Mall. malls, schools, and more.89 Park-n-Rides. SeniorRide SeniorRide buses serve our senior community. Free MallRide FlexRideFree MallRide buses stop everyFree block onMetroRide downtown’s 16th Street Mall.Bike-n-Ride FlexRideFree buses MetroRide travel within Free MetroRide buses Bring your bike with you select RTDFree service MetroRide areas. buses offer convenientoffer convenient connections rush-hour for downtown commuterson the bus along and 18th train. and 19th Connectstreets. to other RTD connections for downtown SportsRides buses or trains or get direct commuters along 18th and Take RTD to a local sporting event, Eldora Mountain Resort, or the BolderBoulder. access toPark-n-Rides shopping malls, 19th streets. schools, Makeand more.connections with our buses and trains at more than 89 Park-n-Rides.
    [Show full text]
  • RTD, DTP to Increase Number of Trains Being Tested on G Line
    RTD, DTP to increase number of trains being tested on G Line As many as six trains will be on the alignment starting Thursday; opening date is not yet known DENVER (July 31, 2018) – Starting Thursday, testing on the forthcoming G Line to Arvada, Wheat Ridge and Adams County will take a notable step forward with the addition of more trains on the alignment at more frequent intervals, moving the Regional Transportation District (RTD) and its contractor, Denver Transit Partners (DTP), closer to opening the commuter rail line for passenger service. The ability granted this week to run as many as six trains on the G Line for 10 hours each day – every 15 minutes, between 3 a.m. and 1 p.m. – advances testing toward simulating the full daily service schedule of nearly 21 consecutive hours. The official start to that next phase of testing has not been announced. An opening date for the G Line has not yet been determined. Limited testing along the forthcoming 11.2-mile line between Union Station and Wheat Ridge began last fall and, until earlier this month, had been underway between 8 a.m. and 6 p.m. on weekdays since the start of this year. Starting July 20, up to three trains have been tested every day at half-hour intervals starting as early as 3:30 a.m. and extending through 1 a.m. the following day. The testing process has examined the communication signaling along the G Line, as well as the effectiveness of the communication technology in place at each of its 16 at-grade railroad crossings.
    [Show full text]
  • For Immediate Release
    RTD receives approval to begin limited testing on the G Line Commuter rail testing to begin June 14, 2017 DENVER (June 13, 2017) —The Regional Transportation District (RTD) and its contractor, Denver Transit Partners (DTP), have been given regulatory approval to begin testing along the G Line. Commuter rail trains will begin moving along the corridor from Wheat Ridge through Arvada and into unincorporated Adams County on June 14, 2017. The initial phase of testing on the G Line will be limited, with only a few test trains running Monday thru Friday from 8 a.m. to 6 p.m. The number of trains and frequency will increase as testing progresses toward the fully published G Line schedule. Once full schedule testing is completed the G Line is expected to open to passengers in the second half of 2017. “We are excited to be bringing commuter rail service to the communities along the G line. Authorization to perform testing on the G Line is evidence of the dedication RTD and DTP have in working with the regulatory agencies to ensure a safe system for our riders,” General Manager and CEO Dave Genova said. “Safety is RTD’s top priority, and it is important for the public to be aware and exercise caution when walking, biking or driving near the commuter rail alignment.” Train horns will be used during testing leading up to the opening of the G Line. Train operators are required to sound horns along the line until quiet zones at the crossings have been established by rail regulatory agencies.
    [Show full text]
  • N-Line Update Presentation
    N Line & G Line Update NATA – February 28, 2019 1 NORTH METRO CORRIDOR Fast Facts • 2013 – RTD awarded a design-build contract to Regional Rail Partners (RRP) • March, 2014 – North Metro Rail Line broke ground • Currently between DUS and 124th Ave. Station • 13 Miles of commuter rail • 6 new stations, 5 public grade crossings, and 11 Bridges • 2,600 new parking spaces • Colorado’s longest bridge; Skyway (9,533 feet) • 12 Rail Cars or 6 Married Pairs are required for operation • Avg. Travel Time – 28.5 Minutes • Opening Day Projected Ridership – 10,500 2 NORTH METRO – Construction Status General • Project is approximately 90% complete • Corridor fencing on going • Station Platforms and Park-n-Rides nearing completion • 104th Parking Garage – beginning the 4th of 6 levels • Track is continuous from Denver Union Station to Eastlake & 124th Station • Upcoming testing Second Quarter, 2019 • RRP Integration Testing • At-Grade Crossing Functionality • PTC Verification and Testing • Third Quarter, 2019 – RRP Final Completion • Fourth Quarter, 2019 – RTD Performance Demonstration Testing Overhead Contact System (OCS) • Contact and Messenger wire installed and test • Completing wire runs from Skyway Bridge to National Western Stock Show Station • Completing testing of breakers and relays at DUS Switching Station in preparation to power up the NMRL OCS 3 FRA, PUC, AND RTD Coordination • FRA and RTD Quarterly Meetings • FRA, PUC, RTD, and RRP Monthly Meeting Dispatching Procedures RRP Testing Requirements • New Starts Matrix Required Plans for Rescue
    [Show full text]
  • 2017 Fact Sheet Opened July 2016
    2017 Fact Sheet Opened July 2016 NORTHWEST RAIL LINE AT A GLANCE The B Line is part of RTD’s 2004 voter-approved FasTracks plan to expand transit across the Denver metro region. The proposed 41-mile commuter rail corridor would operate between Denver’s Union Station and Longmont, serving north Denver, Adams County, Westminster, Broomfield, Louisville, Boulder and Boulder County. The line's seven proposed stations are: Westminster (under construction), Church Ranch, Flatiron, Louisville, Boulder Junction, Gunbarrel and downtown Longmont. The first segment of the line to Westminster is part of the Eagle P3 project that is also building the University of Colorado A Line and the G Line. PROJECT OVERVIEW 2010: RTD FasTracks Environmental Evaluation was completed, identifying the benefits and effects of implementing transit on BNSF Railway right-of-way. 2012: Construction of the first 6.2-mile electrified segment between Union and Westminster stations began. The remainder of the line will use diesel-powered commuter cars. 2013-2014: RTD FasTracks and its contractor completed the 15-month-long Northwest Area Mobility Study to determine the best mobility options for northwest communities including the feasibility of building the Northwest Rail in phases and providing arterial bus rapid transit. 2015-2016: RTD FasTracks earmarked $17 million to build the first phase of the end-of-line station in Longmont under a construction-ready plan; RTD will use the station for bus transfers then upgrade to a rail/bus facility after it completes the Northwest Rail. July 25, 2016: Line opened to public as the B Line. Future: RTD FasTracks will begin construction on the line between Westminster and Longmont when funding becomes available.
    [Show full text]
  • 2014 Fastracks Baseline Report to DRCOG and RTP Submittal
    2014 FasTracks Baseline Report to DRCOG and RTP Submittal August 2014 2014 FasTracks Baseline Report to DRCOG and RTP Submittal Table of Contents EXECUTIVE SUMMARY ...................................................................................... 1 INTRODUCTION ................................................................................................ 11 1.0 Project Definition: Scope and Costs ......................................................... 11 1.1 Current Plan and Costs ....................................................................................... 14 1.2 2014 Annual Program Evaluation (APE) ............................................................. 20 1.2.1 Efforts Towards Completion of FasTracks .................................................. 21 1.2.1.1 RAM/FISA .............................................................................................. 21 1.2.1.2 Southeast Rail Extention New Starts...................................................... 22 1.2.1.3 Public-Private Partnerships .................................................................... 23 1.2.1.4 Northwest Area Mobility Study ............................................................... 25 1.3 Status of FasTracks Lines ................................................................................... 28 1.3.1 Central Rail Extension ................................................................................ 28 1.3.2 Denver Union Station ................................................................................. 30
    [Show full text]
  • CU 2016 Fact Sheet
    CU 2016 Fact Sheet UNIVERSITY OF COLORADO A LINE AT A GLANCE The CU A Line is part of RTD’s 2004 voter-approved FasTracks plan to expand transit across the Denver metro region. Once completed, it will be a 23-mile electric commuter rail line between Denver’s Union Station and Denver International Airport (DEN). RTD FasTracks is building seven stations on the line: 38th•Blake, 40th•Colorado, Central Park, Peoria, Airport & 40th Blvd•Gateway Park, 61st & Peña Boulevard and Denver Airport. It is part of the larger Eagle P3 project that is also building the G Line and the first segment of the B Line. PROJECT OVERVIEW 1997: Plans for rapid transit between downtown and DEN began when RTD conducted an investment study to determine recommendations for commuter rail, light rail, highway widening and transportation management. 2003: RTD FasTracks and the Colorado Department of Transportation initiated an Environmental Impact Statement (EIS) process to study improvements to the I-70 East Corridor. 2007: Federal Transit Administration (FTA) officials selected the East Rail and Gold lines for a public-private partnership pilot program, which gave birth to the Eagle P3 project. 2009: RTD FasTracks released a final EIS; received an FTA Record of Decision, completing the environmental process; and released a Request for Proposals seeking private partners to design, build, finance, operate and maintain the East and Gold rail lines. 2010: RTD FasTracks selected Denver Transit Partners as Eagle P3’s contractor for a 34-year concession; construction began. 2011: Eagle P3 received a $1.03 billion Full Funding Grant Agreement from the FTA, the largest awarded to date at that time by the Obama administration.
    [Show full text]
  • 2021 Agency Profile and Facts, a Quick Resource for All Things RTD
    AGENCY 20 PROFILE AND 21 FACTS At the Regional Transportation District (RTD), we connect communities across the Denver metro area and beyond. Services at a Glance Bus & Rail FlexRide Connecting the entire metro area Delivering first- and last-mile and delivering easy access to connections across the region. Denver International Airport. Free MallRide Access-a-Ride Offering free service along the entire Designed to meet the travel needs length of downtown’s 16th Street Mall. of customers with disabilities. Free MetroRide Flatiron Flyer Rush-hour service for downtown Providing Bus Rapid Transit to commuters along 18th and 19th streets. Denver and Boulder and all points in between. SeniorRide Bringing essential bus services to our senior citizen communities. 9,750 3.08 Convenient Bus Stops Million in Service Area Population 2,342 114.1 Square Miles in Service Area Miles of Rail Track The data presented in this book is an approximation based on available figures as of March 1, 2021. 2 RTD-DENVER.COM Table of Contents Letters from Leadership 4 A Year Unlike Any Other 6 All Aboard the N Line 18 Debra Johnson Makes History at RTD 22 Social Justice and Service Impacts 27 Changing the Way We Move 28 RTD Services Overview 32 2020 Ridership 33 2020 Revenue Sources 33 Bus System Overview 34 Rail System Overview 38 System Map 46 Fares & Passes 47 Parking Management 48 Million in Service Area Population Transit-Oriented Development 49 Facilities 50 2021 Board of Directors 52 What’s Up Next in 2021? 54 Connect with Us 55 3 LETTERS FROM LEADERSHIP RTD is an agency of people who move people.
    [Show full text]
  • News Release
    NEWS RELEASE Weekend work at Union Station to impact RTD commuter rail service Bus shuttles will provide service for the N Line between impacted stations DENVER (Aug. 19, 2021) — The Regional Transportation District (RTD) will conduct routine maintenance and inspections on tracks 2, 4 and 7 at Denver Union Station that will impact commuter rail service on multiple rail lines this weekend. Service on the N Line to and from Union Station will be interrupted over a 48-hour period beginning Saturday and continuing through the end of service on Sunday. Travel on the B and G Lines will be impacted over a 24-hour period beginning Sunday. Regular service for all lines will resume Monday. • N Line: RTD is offering bus shuttle service for N Line customers between Union Station and 48th & Brighton•National Western Center Station beginning Saturday and continuing through the end of service on Sunday. The expanded shuttle service will accommodate the work at Union Station as well as Denver’s Park Avenue Bridge and Roadways Improvements project. o N Line customers at Union Station can access the shuttle at Gate 19. o A shuttle stop for the 48th & Brighton•National Western Center Station is located on the track side of Brighton Boulevard, across from the post office. N Line trains will operate as normal between 48th & Brighton•National Western Center Station and Eastlake•124th Station. • B/G Lines: For the duration of the 24-hour outage on Sunday, the agency’s B Line service will NOT include Union Station. The B Line will run as normal between 41st•Fox and Westminster stations.
    [Show full text]
  • RTD 2019 Factsheet Booklet
    2019 FACT SHEETS Regional Transportation District On the Cover: The first on-road deployment of an autonomous vehicle (AV) made its debut as RTD’s Route 61AV at the end of January 2019. The self- driving EasyMile shuttle is 100 percent electric and will connect passengers from the 61st & Pena Station along the University of Colorado A Line to the Panasonic and EasyMile offices. The shuttle can carry up to 12 passengers and will run Monday through Friday from 10 a.m. to 6 p.m., making a loop to four stops every 15 minutes at an average speed of 12 – 15 miles per hour. The goal of the project is to determine whether the autonomous vehicle could serve as a possible future first and last mile solution for transit riders. Route 61AV is a pilot project that was approved by the National Highway Traffic Safety Administration and the newly formed Colorado Autonomous Vehicle Task Force. RTD BOARD OF DIRECTORS Kate Williams Shontel Lewis Angie Rivera-Malpiede Jeff Walker Claudia Folska, Ph.D. District A District B District C District D District E Bob Broom Ken Mihalik Doug Tisdale Judy Lubow Vince Buzek District F District G District H District I District J Chair Troy Whitmore Shelley Cook Natalie Menten Peggy Catlin Lynn Guissinger District K District L District M District N District O GENERAL MANAGER AND CEO Dave Genova TABLE OF CONTENTS Inside RTD . .6 – 7 OTHER Americans with Disabilities Act ............ 60 – 61 RAIL Civic Center Station ...................... 62 – 63 Rail & Flatiron Flyer Map ........................8 Cleaner Air .............................. 64 – 65 Commuter Rail vs.
    [Show full text]
  • RTD, DTP Receive Federal Approval for Next Phase of G Line Testing
    RTD, DTP receive federal approval for next phase of G Line testing Testing of multiple trains for longer periods is underway; an opening date is not yet known DENVER (July 20, 2018) – The Regional Transportation District (RTD) has received approval from the Federal Railroad Administration (FRA) to begin the next phase of testing on the G Line. Starting today, testing is ramping up and will soon simulate the full daily service schedule of nearly 21 consecutive hours each day. This authorization given to RTD and its contractor, Denver Transit Partners (DTP), represents another significant step forward in the process to open the commuter rail line for passenger service. Limited testing along the forthcoming 11.2-mile line between Union Station and Wheat Ridge began last fall and has been underway between 8 a.m. and 6 p.m. on weekdays since the start of this year. That process has examined the communication signaling along the line, as well as the effectiveness of the communication technology in place at each of the G Line’s 16 at-grade railroad crossings. The gate-crossing technology is the same as that used along two additional lines originating in downtown Denver: the University of Colorado A Line, to Denver International Airport, and the B Line, to Westminster. “We are pleased to have arrived at this phase in the testing schedule, and we continue to appreciate the patience of the public, businesses and leaders in the communities along the G Line as we work through all of the necessary details,” said RTD CEO and General Manager Dave Genova.
    [Show full text]
  • RTD Marks the Anniversary of the University of Colorado a Line Opening
    RTD marks the anniversary of the University of Colorado A Line opening The train line has carried nearly 5 million passengers and traveled 1.2 million miles DENVER, April 17, 2017 – The Regional Transportation District (RTD) opened the University of Colorado A Line one year ago on April 22. The 23-mile commuter rail line has transformed the region by providing connections for thousands of people throughout the metro-area. In the past year the rail line has had approximately 5 million passengers and traveled 1.2 million miles. The train serves more than 17,000 passenger trips a day delivering people to eight stations, including Denver Union Station and Denver Airport Station located at the south end of the terminal at Denver International Airport. For the past year the line has provided service for airport travelers along with local daily commuters, who work, play and live around the line. Since opening the train line, RTD has experienced some operational challenges but the agency, along with our contractor, Denver Transit Partners, continue to work toward the resolution of crossing-gate timing issues with governing agencies. It is important to note that the crossing gates are activating a bit too early and staying down a bit too long, so there are no train safety issues. RTD is poised to have these issues resolved and will begin testing on the G Line to Arvada and Wheat Ridge and plan on an opening later in 2017. “The opening of the University of Colorado A Line launched a new era in public transit in the region as it connected metro Denver to the world,” said RTD General Manager and CEO, Dave Genova.
    [Show full text]