Council Newsletter

CITY MANAGER’S NOTES March 7, 2019

Upcoming Council Meetings

City Council will meet on Monday, March 11, 2019. A Study Session will be held at 6:00 p.m. in the Community Room.

City Council will meet on Wednesday, March 13, 2019. Interviews will be held at 6:00 p.m. in the Community Room for the Englewood Environmental Foundation Audit Firms. It is requested that Council Members arrive by 5:45 p.m.

City Council will meet on Friday, March 15, 2019. A Special Meeting with Congresswoman Diana DeGette will be held at 9:00 a.m. in the City Council Conference Room.

City Council will meet on Monday, March 18, 2019. A Study Session will be held at 6:00 p.m. in the Community Room. The Regular Meeting will follow at 7:00 p.m. in Council Chambers.

Informational Items

The following attachments are in response to City Council requests, as well as other informational items.

1. Englewood Herald article: Virtual Tour brings Cinderella City mall back to life 2. Staff Memo: FY2019 DRCOG Station Area Master Plan/Urban Center Next Step Study Grant Funding Award 3. Staff Memo: Developer Letters of Interest 4. Building Division Monthly Report – February 2019 5. Police Department Crime Statistics Overview – January 2019 6. Calendar of Events 7. Tentative Study Session Topics

https://englewoodherald.net/stories/virtual-tour-brings-cinderella-city-mall-project,277422

Virtual tour brings Cinderella City mall back to life Local architect, software developer delves into Englewood mall's history

COURTESY OF JOSH GOLDSTEIN/THE CINDERELLA CITY PROJECT Posted Monday, March 4, 2019 11:04 am Ellis Arnold [email protected] The ruins of the Cinderella City mall two decades ago are partly what inspired Josh Goldstein — then a young child — to become an architect.

Now, Goldstein is taking nostalgists down a memory lane that leads right through the halls of the place once hailed as the “largest mall west of the Mississippi.”

“It was a place of grandeur,” Goldstein told an audience of dozens packed into The Brew on Broadway, a brewery that sits just a few blocks from where the gargantuan mall once did. “It was a place of community and culture.”

Goldstein’s Feb. 25 presentation, “Reconstructing Cinderella City: A 3D Tour Into the Past,” took the crowd through fond memories of decades long gone: the Round the Corner restaurant, Franz Hummel’s deli and Veldkamp’s Flowers all got reactions or applause as Goldstein toured through the virtual world, akin to a video game and projected on a screen.

The former Englewood High School student recreated the 1.5 million-square-foot mammoth of a mall that was built on Englewood’s former city park, according to the presentation. In 1968, amid much media hype, Cinderella City opened to a crowd of thousands and eventually offered space for 275 stores. In 1974, it raked in just over half of Englewood’s total sales tax revenue, Goldstein said.

But competition from new malls like led to a decline, and after a late-1990s demolition, the site was redeveloped.

Today’s CityCenter Englewood shopping site — which includes city hall and , and stretches from South Santa Fe Drive to Elati Street between West Hampden and Floyd avenues — rose from the ruin. The Englewood Civic Center is a former Foley’s department store.

“I saw Cinderella City getting demolished as a kid, and wanted to know more — what was this place, why is it getting demolished?” Goldstein told the Englewood Herald. “After learning about how grand it once was, I realized there was a story there about changes in architecture (and) tastes.”

The opulent and seemingly never-ending mall featured rows of columns supporting the ceiling, planters hanging from ceilings and bright-colored walls. The building offered separate shopping areas in itself: the Blue Mall, Rose Mall, Gold Mall and Shamrock Mall — and Cinder Alley, marketed on an “old England” theme with lamps and artisan shops.

Although malls its size are common now, Cinderella City stands out as a part of the community, having played host to events like antique car shows, concerts, trade shows, proms, plays and parades, according to Goldstein’s presentation.

It even had an Englewood High School off-campus location with classrooms that students attended, along with areas for business offices, the presentation said.

Amid today’s long wave of redevelopment in Englewood, Goldstein said the history is something to hold onto.

“I would not like to see the building the library (and city hall) are in get torn down; it’s the last vestige of Cinderella City,” Goldstein told the crowd.

Goldstein, who has a master’s degree in architecture and develops software, has also studied Englewood’s former Flood Middle School, which sat at South Broadway and Kenyon Avenue before the Bell Cherry Hills apartment building replaced it. It would have been more expensive to repurpose the school building, Goldstein said, but it’s an option he imagined.

“If Englewood cares about its history, I think we should stop throwing our buildings away,” Goldstein said, to applause from the crowd.

After a foreclosure sale in August on a part of the current CityCenter site east of city hall set the stage for it to change hands again, Englewood city staff is working to secure a possible deal to revamp the Englewood Civic Center area with a hotel, offices, apartments and smaller retail, according to Dan Poremba, the city’s chief redevelopment officer.

“The re-establishment of CityCenter as Englewood’s ‘central place’ would in turn provide Englewood with improved opportunities to attract and retain employers, retailers and residents,” along with generating more tax revenue, Poremba has said.

Despite the rumblings of changes, Goldstein said the redevelopment in the early 2000s got some things right — including having an RTD light rail stop — but that the “sea of asphalt parking” and Walmart as the primary anchor store were disappointing. He hopes cities like Englewood can offer development incentives to encourage reuse, not just demolition.

Reworking an old building for a new use could also “create favorable press coverage, and could woo the right kinds of developers in the future,” he added.

“For a city like Englewood, I fear it’s too late. What’s left to save? They already sold off so many of their historic buildings and schools,” Goldstein said. “It will take a little backbone, and a city like Englewood has to decide what’s more important: cheap, fast construction, or high-quality adaptive reuse that extends the life of a building and keeps the historic character alive for future generations?”

SEE WHAT IT'S LIKE To learn more about the project, see historical photos of the mall, view the virtual recreation and follow its progress, visit the Cinderella City Project's pages on: Facebook Instagram YouTube

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TO: Mayor and Council Members

THRU: Brad Power, Community Development Director Wade Burkholder, Community Development Planning Manager

FROM: John Voboril, Planner II Dan Poremba, Chief Redevelopment Officer

DATE: March 7, 2019

SUBJECT: FY2019 DRCOG Station Area Master Plan/Urban Center Next Step Study Grant Funding Award

Community Development has recently learned from a Regional Council of Governments (DRCOG) representative that the City of Englewood’s application for Fiscal Year 2019 Station Area Master Plan/Urban Center Next Step Study was fully approved for funding by the DRCOG Board at their February 20, 2019 meeting. The full amount of federal grant funding awarded under the grant is $200,000.00. A local match of $41,575.00 will be provided from the approved 2019 Community Development professional services budget.

The 2020 Englewood Light Rail Corridor/Urban Center Next Step Study grant funding will serve as supplementary funding to Englewood Environmental Foundation (EEF) surplus funds in order to further leverage the following goals.

 Near term, site specific redevelopment planning for the mixed-use redevelopment of approximately 25 acres of the original CityCenter Englewood transit-oriented development. This effort was necessitated in large part by the foreclosure of the former Weingarten Realty property, to be resold shortly by C-III Asset Management.

 Continuation of the consulting tasks necessary to explore establishment of a Downtown Development Authority, including a Downtown Plan of Development for appropriate portions of the Englewood Urban Center. Council approvals will be required throughout the process, leading to a possible vote of the potential district’s stakeholders in November of 2020.

 Other related consulting expenses including market study, real estate advisory services, and exploration of the regulatory reforms, public improvements needs assessments and financing plans for industrial portions of the light rail corridor.

2

Community Development will now begin working with the Department of Transportation (CDOT) to develop an Intergovernmental Agreement (IGA). Both City Council and CDOT will approve the IGA through legislative action. During the time that the IGA goes through the approval process, the City of Englewood will issue competitive Requests for Proposals (RFPs) inviting prospective consulting teams to bid for specific components of the envisioned work. The selected consulting firm contracts will also require approval from City Council.

TO: Dorothy Hargrove, Interim City Manager

CC: Brad Power, Community Development Director

FROM: Dan Poremba, Chief Redevelopment Officer

DATE: March 6, 2019

SUBJECT: Developer Letters of Interest

Attached for Council’s review please find Letters of Introduction/Interest from three developers that have shown early interest in acquiring the C-III Property at CityCenter and then collaborating with Englewood to design and implement a redevelopment plan for that property and, possibly, the adjacent City Property to the west. The C-III Property is shown in red and the City Property in blue on the site plan below, which has been discussed with Council in a number of prior meetings.

The three letters are from: . ScanlanKemperBard (SKB), . Lincoln Property Company, and . Kentro Group.

These firms represent different company sizes, operating footprints and specialties. They each have expressed a strong interest in exploring the options for the C-III Property in combination with redevelopment of the City Property.

As we have discussed with Council, the optimal long-term benefits for Englewood will come from the City encouraging and guiding the coordinated redevelopment of the C-III Property and the City Property at CityCenter. This includes the opportunity to monetize Englewood’s various interests in both properties, which currently are generating no revenue streams for the City.

Among the firms we have met with to discuss the CityCenter redevelopment possibilities, we have been particularly impressed with these three firms in terms of their: a. Understanding of the complexities, opportunities and risks involved, b. Willingness to work collaboratively with Englewood, c. Familiarity with the critical public outreach aspects of special concern to the Council, and d. Prior relationship with C-III, for two of the firms (which could influence C-III’s ultimate buyer decision). At least two of these firms are looking to potentially utilize project financing made available through the capital gains tax benefits extended under the Federal Opportunity Zones Program. Englewood’s Opportunity Zone designation is a strong draw. It provides the additional benefit to the City of helping to ensure that developers of projects financed with Opportunity Zone funds remain involved with the projects for an extended period (minimizing the potential for a quick sale following development).

As previously discussed with Council, the Community Development Department has actively encouraged the interest of redevelopment-oriented buyers for the C-III Property as part of our multi-faceted efforts to avoid a status-quo buyer only interested in collecting rents from existing tenants and delaying their own capital investment as long as possible. This would be a very disappointing scenario for Englewood since it could delay by many years the City’s opportunity to help initiate the needed redevelopment of the former Weingarten property. It could also delay the opportunity to explore the needed reactivation of a larger portion of CityCenter to improve the mix of uses, activity levels, walkability, financial sustainability, property values and related City revenues.

These letters provide the Council valuable early market feedback on the redevelopment potential of the C-III Property and the City Property. Dialog with Council may further encourage these prospective buyers to pursue the acquisition of the C-III Property.

These and other developers in the near future may be interested in providing an in-person introduction of their firms to the City Council. At this point, Staff will suggest that they seek time during Scheduled Public Comment at regular City Council meetings for this purpose and to enable the Council and the community to have the chance to learn more about the firms and their interest in Englewood. Thank you.

2

ENGLEWOOD CITYCENTER REDEVELOPMENT Statement of Interest

27 FEBRUARY 2019 Pearl Retail Portfolio | Pearl District, Portland, Oregon

Letter of Interest

| 2 February 27, 2019

Mayor Linda Olson and Members of the Englewood City Council c/o Dorothy Hargrove, Interim City Manager 1000 Englewood Parkway Englewood, Colorado 80110

Re: Introduction of SKB and Letter of Interest Pertaining to the Englewood City Center Redevelopment Opportunities, Englewood, Colorado

Dear Mayor Olson, Mayor Pro Tem Russell and Council Members Barrentine, Martinez, Cuesta, Sierra and Wink,

ScanlanKemperBard (SKB) is pleased to introduce ourselves to the Englewood City Council and submit for discussion our interest in collaborating with the City of Englewood and its real estate entity, the Englewood Environmental Foundation, to redevelop the former Weingarten Realty property at Englewood CityCenter in conjunction with the adjacent City-controlled property to the west (the “Redevelopment”).

SKB, founded in Portland 25 years ago, has successfully completed over $4.2 billion of real estate transactions consisting of redevelopment and adaptive re-use of mixed-use, office, retail, industrial, multifamily and hospitality assets, across 91 different projects in Portland, Seattle, the Bay Area, Phoenix and Denver. Our team has the passion, experience, discipline, and creativity to successfully complete the planning, design and the full execution of this important project. SKB currently owns and manages property in Denver, and we have a number of locally based employees, including one of the firm’s Principals who lives in the immediate vicinity of the Redevelopment. We are committed and prepared to advance funds to work collaboratively with the City and the EEF through the development process to achieve an economically sustainable, diverse and vibrant mixed-use community that leverages the transit oriented and central Metro Denver location.

SKB has a history of successful development partnerships with mid-sized transit- oriented municipalities. We successfully partnered with the City of Beaverton, Oregon to redevelop their underperforming transit-oriented downtown into a revitalized live/ work/play environment that activated the surrounding community. Please see the attached case study for more information regarding “The Round at Beaverton.”

In Englewood, we anticipate a re-imagined CityCenter will build on the City’s visionary design that was started over two decades ago. Additionally, redevelopment would provide an opportunity to consolidate and modernize municipal services, attract a major office tenant and/or hotel brand, enhance and even expand quality public space, and secure the financial viability of the currently under-utilized transit-oriented location. A strengthened CityCenter will provide the community a true gathering place and will provide the City with benefits including increased taxes and potential future monetization of the property.

| 3 Working with you and the Community Development Department, along with input from the Englewood community, we anticipate studying and carefully curating density, product mix and project schedule to create the next iteration of Englewood CityCenter. SKB’s deep bench of operating, construction, and architectural partners, allows us to program a multitude of complementary uses across the Redevelopment, including hospitality, retail, entertainment, a variety of multifamily housing, creative and traditional office, and community uses. SKB has fourteen active institutional capital partners, including those with dedicated Opportunity Zone Funds, and our strong relationships with countless other debt and equity partners will allow us to tailor the financing to meet the needs of the Redevelopment. With the right planning and placemaking, SKB believes that the Redevelopment can become Englewood’s “Living Room,” where citizens gather, collaborate, and enjoy.

SKB feels strongly that the Redevelopment incorporating the C-III and the City properties provides the City, its residents, and investors with a much more beneficial outcome than two stand-alone redevelopments with different ownership. SKB intends to participate in the acquisition process for the C-III Property, and although we recognize there are no assurances of success, SKB is prepared to preemptively commit capital and human resources to aid the City in its analysis of the Redevelopment.

We would appreciate the opportunity to discuss SKB’s qualifications and the benefits afforded by a redevelopment project spanning the combined C-III and City-controlled properties. We look forward to the opportunity to meet with the City Council, and in the meantime, any inquiries may be directed to Todd Gooding at (503) 220-2600 or [email protected].

Thank you in advance for your time and consideration.

Best Regards,

Todd M. Gooding President, Principal

Cc: Dan Poremba, Chief Redevelopment Officer Brad Power, Community Development Director

| 4 Executive Summary

| 5 EXECUTIVE SUMMARY

TEAM EXPERTISE responsibility; highly successful, accessible, and active public and private spaces; and financially ScanlanKemperBard (“SKB”) has identified a strong projects that mitigate risks for our partners strong multi-disciplinary team with demonstrated and create long-term value for all stakeholders. experience to achieve every aspect of the City of Please see the attached case studies for two Englewood’s redevelopment vision, goals, and properties within our current portfolio that are of objectives. Our team pairs deep local knowledge particular relevance: The Round at Beaverton of the Metro Denver Community with best (Portland Metro, Oregon) and High Street (Phoenix practices and relationships derived from national Metro, AZ). experience and perspective, particularly our vast experience with Public-Private Partnerships. While As for execution, both SKB and our partners have each team member is an expert in their respective demonstrated considerable expertise in the field, we are ready to listen to and collaborate with creation and curating of successful places, the City to re-envision an exciting future for drawing upon deep relationships in every area of Englewood CityCenter (the “Redevelopment”). real estate development and management. Of specific note is our strong ownership experience SKB has practical experience and knowledge as a of highly successful ground floor retail that developer, owner and operator of large-scale integrates with the public realm and gathering mixed-use projects. We understand market trends spaces. As the team leader, SKB has undertaken and demands, tenant needs and desires, and over $1 billion in ground up development, and operational and marketability issues, all of which currently averages over $50 million per year in influence design, development and financing. SKB construction activity, involving redevelopment, has a depth of local and national relationships with repositioning, and capital improvement projects. subject-matter experts that will allow us to In addition, SKB currently has approximately $344 supplement our team with the right strategic million of real estate projects in varying stages of partners and consultants as the development development. evolves. This ranges from engineering and feasibility consultants, to capital partners with Equally as important, as a long-time owner of traditional and opportunity zone financing large-scale, high quality assets throughout its capabilities, and ultimately to the dynamic mix of history, SKB also brings significant asset and tenants and users who will be the heart of this property management experience to the team. vibrant and innovative mixed-use district. With proven experience in owning and operating large-scale mixed-use developments, and portions RELEVANT EXPERIENCE of larger urban, mixed-use neighborhoods, SKB has a deep understanding of what is required to SKB brings 25 years of experience to ensure the create, operate and maintain a successful, City’s guiding principles and goals for the dynamic and economically sound project in that Redevelopment are met. We consistently context. SKB’s strong intuition, focus, creative demonstrate execution of those same principles in problem solving and institutional discipline bring a our work: excellence in design; prioritizing market “reality check” to the planning and design sustainability, community, and environmental process and further enhance the probability of longer-term financial success of vertical projects.

| 6 EXECUTIVE SUMMARY

FINANCIAL CAPABILITY We can plan and execute on the City’s desire to create a true town center and the next generation With over $4.2 billion in real estate transactions in of a transit-oriented downtown Englewood. SKB its 25-year history, SKB brings deep capital, believes the Redevelopment will positively impact lending and brokerage relationships to better the immediate area and could effectively connect ensure project success. SKB has fourteen active the transit station on the western edge with the institutional capital partners and strong Broadway corridor and the hospital complex to the relationships with multiple lending institutions. We east. We understand the considerable planning engaged in over $285 million in annual acquisition, necessary to incorporate every aspect of the City’s development and redevelopment activity and over visions, and we believe that our team is uniquely $725 million in real estate loan transactions within qualified to not only collaborate further in refining the past 5 years. With its significant real estate the detail for development, but successfully activity, SKB further developed strong execute the plan to fully achieve the City’s relationships with the leasing community to objectives. SKB is ready to commit additional deeply understand Denver and national market human and capital resources to the effort to trends and tenant needs and desires. As a result, ensure successful planning and we have the ability to engage the right leasing development. professionals to ensure that vertical projects are well-leased with well-curated tenants and remain OUR STRENGTHS financially stable. Our team’s strengths, described below, would be at the service of Englewood to build the next Acknowledging the fluid structure of the iteration of CityCenter. ownership and planning stages, SKB is a mature, • Demonstrated knowledge of Metro Denver’s long-standing business with the capabilities to real estate market dynamics, with 25 years of work through the acquisition of the C-III controlled real estate investment in our Denver-west property and the City controlled property focused territories. simultaneously. Coordination between properties is critical to the success of the overall project and • Local leadership with deep roots in the community, and SKB has the available resources community and a Denver-based Principal who to pursue the C-III acquisition and simultaneously lives in the immediate vicinity of the assist the City with the master-planned Redevelopment. Redevelopment. • Boots on the ground with over 400,000 SF of UNDERSTANDING OF THE ENGLEWOOD office under ownership with dedicated VISION property management and engineering teams. • Deep understanding of capitalization and We recognize the importance of this project to the financing strategies related to large and City of Englewood; it will not only continue to be diverse real estate assets, including the home to the City’s governmental offices, but it structuring and implementation of special also has the potential to emerge as a vibrant taxing districts, and the ability to creatively primary downtown for Englewood. It will continue approach project financing. to serve as a reliable transit hub and, with the right vision, can grow to include more housing options, commercial space, and public space.

| 7 EXECUTIVE SUMMARY

• Strong relationships with highly experienced In summary, we believe that not only has SKB Denver-based architects, engineers, demonstrated capabilities with specifically unique contractors, capital partners, leasing brokers, qualifications to successfully deliver the CityCenter and consultants that will complete the strong Redevelopment, but we also have strong multi-disciplinary team. relationships with tenants, partnering developers and operators to ensure a diverse, vibrant and • Vertically integrated asset management, innovative mixed-use district that embodies the property management, and engineering teams City’s vision. that provide SKB with detailed insight into micro and macro opportunities and concerns.

• Strong understanding of active ground floor retail, with over 785,000 SF in our current portfolio, including ownership of over 94,000 square feet of ground floor retail, across 10 blocks, within the Pearl District in Portland, Oregon.

• Successful history of undertaking ground lease transactions with public and private parties, having undertaken a total of 10 ground lease transactions totaling over $510 million in transactional volume, most recently with Arizona State Land Department.

• Strong reputation on delivering on our commitments and executing on transactions, even when others have previously failed.

• Commitment to community creation and sustainability practices and policies for properties within our portfolio.

• Deep relationships with partnering developers and operators with complimentary expertise – such as mixed-rate affordable housing, senior housing and student housing.

| 8 High Street, Phoenix, AZ

Case Studies

| 9 CASE STUDIES Exceptional Qualifications

Our goal is to work collaboratively with the City of Englewood to create an authentic downtown for residents and visitors alike. The following two projects represent our vast experience in delivering this type of project.

1 The Round

2 High Street

| 10 1

THE ROUND Beaverton, OR

DEVELOPMENT TEAM MILESTONE DATES Lead Developer: February 27, 2012 | Property Acquisition Bingham Development (original) March 2013 | Start of Construction SKB (current) December 31, 2013 | Phase I Construction Complete Developer Partners: March 31, 2014 | Final Project Completion Project Architect: LRS and KPFF General Contractor: Fortis Construction DEVELOPMENT FINANCING Lender: Prime Finance $33 million including land. Total projection Equity: WHI Real Estate Partners capitalization - $20 million; $8 million in equity, $12 million in debt from SKB for commercial space and DEVELOPMENT SCOPE parking lots. $1.0 million from SKB for 13 residential 5.86 acre land area with 24,000 SF of ground floor units, approximately $13.0 million from the City of commercial/retail space in the Crescent/Promenade Beaverton for the acquisition and development of buildings, a five-story parking structure with 15,000 their City Hall. SF of ground floor retail space and a five-story 119,000 SF office building, along with three development lots totaling 96,000 SF. REFERENCES Refeneces Available

| 11 PROJECT OUTCOMES had been significantly impaired as a result. SKB’s property, The Round, located in Beaverton, SKB worked to negotiate acquisition contracts, aligning Oregon is a Class A transit-oriented suburban mixed- the interests of these varying owners of the properties, use development that has experienced resounding and eventually purchased approximately 9 acres of the success under SKB’s leadership with the property. The overall property in 2011. The purchase, included one Round is an approximately 355,000 SF vertical, mixed- of the office buildings, the parking garage, 13 condo use development, consisting of two office buildings, a units, and all of the vacant land parcels. SKB then parking garage and 63 residential condominium units secured a commitment from the City of Beaverton to and a number of ground floor retail condos. The MAX acquire the additional 105,000 SF office building within light rail has a stop in the center of the development, the property, and redevelop it into a new City Hall and surrounding it in a circle, providing the basis for the executive office building. project’s name. SKB worked with the City of Beaverton to rewrite the Originally developed between 2003 and 2006, The original development agreement for the project and Round was considered a visionary project by the City of ultimately sold two parking lots to the City in 2017 Beaverton. Unfortunately, it suffered for several years for the construction of a new parking garage and from poor execution due to its fractured ownership performing arts center, which are both currently in the and declining market conditions. When SKB originally design phase. began evaluating the property in 2011, a portion of the residential was owned by one lender, one of the office The project is thriving at 95% occupancy and rents buildings was owned by another lender, another office hovering at the top of the market. With approximately building was owned by a preferred equity investor, and $35M in capital invested in the development by SKB the excess land was owned by yet a third lender. The and its public and private partners to date, SKB plans developer of the property had been in default of its to continue to invest its time and resources in this obligations to the City for some time, and the project development for at least the next decade.

| 12 2

HIGH STREET Phoenix, AZ

DEVELOPMENT TEAM MILESTONE DATES SKB and Tryba Architects April 15, 2013 | Property Acquisition July 1, 2013 | Start of Construction DEVELOPMENT SCOPE 4/1/14 – 10/1/14 | Garage Construction 7/1/13 – 5/1/15 | Re-Branding 25-acre land area with nine-, three- and four-story July 1, 2017 | Landscaping and Signage Completion office and multifamily buildings accompanied by ground floor retail and two parking garages; 630,000 SF of Class A office, luxury multifamily residences, DEVELOPMENT FINANCING restaurants, retail and community spaces; 99 condo- Approximately $102 million, including land costs; total quality residential units totaling 120,000 SF; 176,000 development costs were funded by a combination of SF of upscale retail dining and entertainment options debt and equity. and over 334,000 SF of Class A office space. REFERENCES References Available

| 13 High Street was originally intended to be Phase 1 of a 2.2 million SF mixed-use development project. Completed in 2008, at a cost of roughly $330 million, Phase 1 features 330,000 SF of Class A office space, 175,000 SF of ground-level retail space, two parking garages featuring 1,414 and 236 stalls, respectively, surface parking lots totaling 470 stalls, along with 4.9 acres of entitled, adjacent land.

In the summer of 2008, after the original developer broke ground on a new building for Nordstrom (the first in Phase 2), the Goldwater Institute (a nonprofit public “watchdog”) sued the City of Phoenix over the constitutionality of the development agreement and subsequently was turned away by the State Supreme Court. The lawsuit delayed the ability of the developer to obtain construction financing, which prompted Nordstrom to terminate its lease. By the time the State had ruled on the lawsuit, the recession was in full force, and the project collapsed.

In April 2010, amidst the retail tenant exodus, Capmark (representing the two lending groups who lent approximately $260 million to construct High Street) took possession of High Street by way of foreclosure. PROJECT OUTCOMES Capmark spent the next 2 years trying to unwind High Street is a truly authentic mix of residential, various legal and title issues. By late 2012, Capmark retail and office development in the affluent Northern elected to take the property out for sale, at which Phoenix/ Northern Scottsdale submarket. Formerly point SKB acquired and took control of the project, known as City North, the project was originally the purchasing it in 2013 for $67 million. first phase of a large-scale, multi-phased, high-density, Since 2013, SKB and its partners have invested $35 mixed-use lifestyle development. The project failed million to re-tenant the project into a mixed-use during the great recession when anchor retailers, such office and entertainment district, more than doubling as Nordstrom, pulled out of the project. After years office occupancy from 41% to 91%, doubling retail in receivership, SKB and its partners acquired the occupancy from 36% to 72%, and maintaining the asset and were able to develop and capitalize on the favorable location and uniqueness of its mixed-use appeal.

Situated on 24.91 acres and ground-leased from the State of Arizona, the High Street project is located in one of Arizona’s largest master-planned communities, Desert Ridge. The community encompasses 5,700 acres of land either owned by the State of Arizona, ground leased to others by the State of Arizona, or in the case of residential land, previously sold by the State and now owned by homeowners or the respective developer.

| 14 occupancy of the 99 apartment units at an average of Octoberfest for Parkinson’s along with monthly 95%. Concurrently, SKB coordinated and negotiated community farmers markets and other seasonal the provisions and expansion of the intricate 99-year community events. ground lease with the State of Arizona, and heavily Development of this project involved extensive negotiated approvals and additional development negotiations with the various public and private rights with the original developer of the property, who stakeholders, including the State of Arizona, the maintained limited blanket approval rights over the Arizona State Land Department, as well as the aesthetics and improvement thereon. neighboring leasehold owners. The resulting impact SKB’s involvement in the property has resulted in has been to create a premier and thriving live-work- positive gross absorption of over 270,000 SF across play destination for experiential retail, office, and both the office and retail components of the project, residential. including the addition of the 71,000 SF corporate headquarters for Sprouts Farmers Market. In 2017, SCHEDULE AND DELIVERY SKB recapitalized the property for $131 million, and has recently entered into negotiations for the development As of project completion in July 2017, the project is of a hotel, as well as multi-family and retail on the 4.9 93% occupied for office space, 75% occupied for retail acre vacant development parcel. space and 98% occupied for residential units. SKB expects to continue its successful involvement in the development of the property well into the next decade. COMMUNITY ENGAGEMENT The project hosts many charity and community events on High Street including the annual Boys and Girls Club ‘Dish-it-Out’ culinary fundraiser, blood drives,

City North A2 | A14 Option 1 Conceptual Design Package | 15Ground Floor Site Plan

PHOENIX, AZ | #314097 | OCTOBER 28, 2014 SCALE: 1” = 120’-0” 0’ © Nelsen Partners, Inc. 2014 | 16 222 SW Columbia St. #700 Portland, OR 97201 503-220-2600

March 4, 2019

Mayor Linda Olson and Members of the Englewood City Council c/o Dorothy Hargrove, Interim City Manager 1000 Englewood Parkway Englewood, CO 80110

Re: Kentro Group Letter of Interest Regarding the Englewood CityCenter Redevelopment Opportunities, Englewood, Colorado

Dear Mayor Olson, Mayor Pro Tem Russell and Council Members Barrentine, Cuesta, Martinez, Sierra and Wink:

I am writing to inform you our company, Kentro Group, will submit an offer to buy City Center Englewood, located at 800-850 Englewood Parkway, Englewood, CO 80110. I am writing to introduce the Englewood City Council to Kentro Group and express our strong interest in acquiring the former Weingarten Realty property.

Kentro Group’s plan is to come up with a Master Plan for the site that incorporates Englewood City hall. This Masterplan that we plan to create will be a true mix use vibrant community where one could live, play, and work. This will also be a true public private partnership that will benefit the citizens of Englewood for years to come.

Please visit our website for more information about our firm www.kentrogroup.com. On our website visit the development of Arkansas project where we are in a public private partnership with the city of Denver to develop CDOT headquarters. These same efforts will be used with the city of Englewood once we acquire the property. I will await City Council feedback about the possibility of an introductory meeting with our Kentro Group team. I can be reached at 303-500-0946 and [email protected].

Sincerely,

Jimmy Balafas Pricipal Kentro Group 303-500-0946 [email protected]

Cc: Dorothy Hargrove, Interim City Manager Daniel Poremba, Chief Redevelopment Officer Brad Power, Community Development Director

1509 YORK STREET SUITE 201, DENVER CO 80206 PHONE: 303-500-0944 • FAX: 303-500-0948

Englewood Police Department CRIME STATISTICS OVERVIEW - JANUARY 2019

The following statistics are not all inclusive and are based upon the query date of 2/21/19 out of the RMS PERSON CRIME STATISTICS

Jan Jan 2019 2018 YTD 2019 2018 YTD YTD Change Homicide 0 0 0 0 0 Forcible Rape 3 0 3 0 3 Robbery 2 1 2 1 1 Aggravated Assault 2 3 2 3 (1) Simple Assault 15 17 15 17 (2) Menacing/Intimidation 5 5 5 5 0 Kidnapping 0 0 0 0 0 Wrongs to Children/Abuse 6 4 6 4 2 Other Sex Offenses 1 0 1 0 1

YTD Change Numbers indicated in (blue) are indicators there has been a decrease PROPERTY CRIME STATISTICS

Jan Jan 2019 2018 YTD 2019 2018 YTD YTD Change Burglary 7 16 7 16 (9) Theft 36 46 36 46 (10) Motor Vehicle Theft 25 28 25 28 (3) Theft from Motor Vehicle 23 59 23 59 (36) Arson 2 0 2 0 2 Shoplifting 22 30 22 30 (8) Forgery/Counterfeit 3 11 3 11 (8) Fraud 15 6 15 6 9 Criminal Mischief 18 25 18 25 (7) Trespass 9 8 9 8 1

YTD Change Numbers indicated in (blue) are indicators there has been a decrease SOCIETY CRIME STATISTICS

Jan Jan 2019 2018 YTD 2019 2018 YTD YTD Change Urinating in Public 1 4 1 4 (3) Open Liquor 22 14 22 14 8 Drug Possession 5 8 5 8 (3) Drug Paraphernalia 8 6 8 6 2 Weapons Offense 2 3 2 3 (1) Prostitution 0 0 0 0 0 Other Offenses 81 82 81 82 (1)

Other offenses includes crimes against person/property/society that are not subcategorized

YTD Change Numbers indicated in (blue) are indicators there has been a decrease ARREST STATISTICS

CFS - JANUARY 2019

25%

53% Jan Jan 2019 2018 YTD 22% 2019 2018 YTD YTD Change Total Calls for Service 4497 4913 4497 4913 (416)

DISPATCH CLEARED (EAIR/EDH/EXX) OFFICER INITIATED CALL Misdemeanor Arrests 146 197 146 197 (51) OFFICER RESPONSE CALL Warrant Arrests 39 54 39 54 (15) Felony Arrests 26 42 26 42 (11) DUI Arrests 9 20 9 20 (11) Total Traffic Summons 409 258 409 258 151

YTD Change Numbers indicated in (blue) are indicators there has been a decrease SPECIAL OPERATIONS STATISTICS

Jan Jan 2019 2018 YTD 2019 2018 YTD YTD Change Traffic Unit Traffic Summons 122 224 122 224 (102) Parking Summons 111 266 111 266 (155) Impact Unit Projects Initiated 10 29 10 29 (19) Projects Cleared 11 21 11 21 (10) Community Events 1 4 1 4 (3) Investigations Case Filings 26 51 26 51 (25) Cases Received 89 170 89 170 (81) Cases Cleared 100 195 100 195 (95)

YTD Change Numbers indicated in (blue) are indicators there has been a decrease SPECIAL OPERATIONS STATISTICS

Jan Jan 2019 2018 YTD 2019 2018 YTD YTD Change Code Enforcement Cases Opened 561 251 561 251 310 Notices of Violation 433 99 433 99 334 Postings 8 12 8 12 (4) Summons 5 9 5 9 (4) Victim Assistance Victim Assistance Provided 82 79 82 79 3 Domestic Violence Cases 22 26 22 26 (4) Community Relations Community Events/Activities 4 5 4 5 (1)

YTD Change Numbers indicated in (blue) are indicators there has been a decrease FIRE MARSHAL STATISTICS

Jan Jan 2019 2018 YTD 2019 2018 YTD YTD Change Permits Fire Permits Issued 8 25 8 25 (17) Fire Permit Revenue $4,700.92 $25,076.62 $4,700.92 $25,076.62 ($20,375.70) Fire Permits Reviewed 21 21 21 21 0 Community Development Projects 10 9 10 9 1 Reviewed Fire Permits Applied For 12 12 12 12 0 Fire Prevention & Life Safety Site 13 8 13 8 5 Review/Consult Regulatory & Compliance Colorado Open Record Requests (CORA) 10 9 10 9 1

HazMat/Tier II Reports (received, 3 18 3 18 (15) reviewed, new user)

YTD Change Numbers indicated in (blue) are indicators there has been a decrease FIRE MARSHAL STATISTICS

Jan Jan 2019 2018 YTD 2019 2018 YTD YTD Change Inspections

Annual Inspections 39 57 39 57 (18)

Construction Inspections 72 48 72 48 24

Business License Reviews/Inspections 28 24 28 24 4

Fire Prevention & Life Safety Consults 2 20 2 20 (18)

Public Training 0 0 0 0 0

In-House Training 0 0 0 0 0

Customer Service

Assist/Requests for Service (Interagency) 9 17 9 17 (8)

Assist/Requests for Service(Public) 11 26 11 26 (15)

YTD Change Numbers indicated in (blue) are indicators there has been a decrease

CITY OF ENGLEWOOD 2019 CALENDAR OF EVENTS

Mon., Mar. 11 6:00 p.m. City Council Study Session, Community Room

Tues., March 12 8:30 a.m. Mayor Manager Meeting

CANCELLED Water/Sewer Board Meeting, Community Development Conference Room

5:30 p.m. Keep Englewood Beautiful, City Council Conference Room

7:00 p.m. Public Library Board, Englewood Public Library, Altenbach Room

Wed., Mar. 13 6:00 p.m. City Council Special Meeting, Community Room

CANCELLED Board of Adjustment and Appeals; Council Chambers

Thur. Mar.14 5:30 p.m. Parks and Recreation Commission, Community Development Conference Room

Fri., Mar. 15 9:00 a.m. City Council Special Meeting with Congresswoman Diana DeGette

Mon., Mar. 18 6:00 p.m. City Council Study Session, Community Room

7:00 p.m. City Council Regular Meeting

Tues., Mar. 19 9:00 a.m. Mayor Manager Meeting

7:00 p.m. Planning and Zoning Commission, Community Room

Wed., Mar. 20 6:30 p.m. Historic Preservation Commission, Community Development Conference Room

Thur., Mar. 21 6:30 p.m. Accessory Dwelling Units in the Neighborhood Preservation Overlay District, Hampden Hall

Fri., Mar. 22 8:00 a.m. Business Resources and Lenders Expo, Community Room

Mon., Mar. 25 6:00 p.m. City Council Study Session, Community Room

Tues., Mar. 26 8:30 a.m. Mayor Manager Meeting

5:15 p.m. Budget Advisory Committee, City Council Conf-Room

Mon., Apr. 1 6:00 p.m. City Council Study Session, Community Room

7:00 p.m. City Council Regular Meeting

Tues., Apr. 2 8:30 a.m. Mayor Manager Meeting

7:00 p.m. Short-Term Rental Town Hall, Community Room

Wed., Apr. 3 11:00 a.m. Liquor and Marijuana Licensing Authority

11:30 a.m. Alliance for Commerce in Englewood, Community Development Conf-Room

3/7/19

Wed. Apr. 3 4:00 p.m. Englewood Housing Authority

5:45 p.m. Cultural Arts Commission, Englewood Public Library, Perrin Room

Mon., Apr. 8 6:00 p.m. City Council Study Session, Community Room

Tues., Apr. 9 8:30 a.m. Mayor Manager Meeting

5:00 p.m. Water/Sewer Board Meeting, Community Development Conference Room

5:30 p.m. Keep Englewood Beautiful, City Council Conference Room

7:00 p.m. Public Library Board, Englewood Public Library, Altenbach Room

Wed., Apr. 10 7:00 p.m. Board of Adjustment and Appeals, Community Room

Thur. Apr. 11 5:30 p.m. Parks and Recreation Commission, Community Development Conference Room

6:00 p.m. Transportation Advisory Committee, City Council Conference Room

Mon., April 15 6:00 p.m. City Council Study Session, Community Room

7:00 p.m. City Council Regular Meeting

Tues., April 16 9:00 a.m. Mayor Manager Meeting

7:00 p.m. Planning and Zoning Commission, Community Room

Wed., April 17 6:30 p.m. Historic Preservation Commission, Community Development Conference Room

Mon., Apr. 22 6:00 p.m. City Council Study Session, Community Room

Tues., Apr. 23 8:30 a.m. Mayor Manager Meeting

5:15 p.m. Budget Advisory Committee, City Council Conf-Room

Tues., Apr. 30 8:30 a.m. Mayor Manager Meeting

Wed., May 1 11:00 a.m. Liquor and Marijuana Licensing Authority

11:30 a.m. Alliance for Commerce in Englewood, Community Development Conf-Room

Wed. May 1 4:00 p.m. Englewood Housing Authority

5:45 p.m. Cultural Arts Commission, Englewood Public Library, Perrin Room

Mon. May 6 2:00 p.m. Malley Center Trust Fund, Malley Recreation Center

Mon., May 6 6:00 p.m. City Council Study Session, Community Room

7:00 p.m. City Council Regular Meeting

Tues., May 7 9:00 a.m. Mayor Manager Meeting

3/7/19 TENTATIVE STUDY SESSIONS TOPICS FOR ENGLEWOOD CITY COUNCIL

March 11 Study Session Small Cell Licensing Paseo lease renewal options Procurement discussion Business Licensing Update on Council meeting Audio/Visual issues Council-constituent email protocol

March 13 Special Meeting – EEF Audit Vendor Interviews (5:45 p.m.)

March 15 Special Meeting with Congresswoman DeGette (9:00 a.m.)

March 18 Study Session Code Enforcement Advisory Commission update End-of-Year Financial Report, Jan & Feb Financial Report

March 18 Regular Meeting

March 25 Study Session Emergency Management Budget Kickoff – Revenue Projections Council Policy Manual

April 1 Study Session Smoke and Vape-Free Parks Proposal Short Term Rental-Brief Update

April 1 Regular Meeting

April 8 Study Session Local Limits (SPWRP) Budget Process – Community Visioning

April 15 Study Session Board and Commission reappointment discussion DDA envisioning

April 15 Regular Meeting

April 22 Study Session Budget Process – Capital Projects

April 29 5th Monday – no meeting scheduled

May 6 Study Session

3/7/2019

May 6 Regular Meeting

May 11 Proposed Budget Workshop

May 13 Citizen of the Year Celebration

May 20 Study Session

May 20 Regular Meeting

May 27 Memorial Day – City Offices Closed

May 28 Study Session

June 3 Regular Meeting

June 10 Study Session

FUTURE STUDY SESSION TOPICS

Board & Commission Presentations Home Rule Charter Amendment Discussion Home Rule Charter Review Metroplex – flight plan update Elected Representatives – legislative evening Handbook for Boards, Commissions and Committees Ethics CityCenter update

3/7/2019