Nine Mile Cor­ner breaks ground

Daily Camera (Boulder) - - Business - By Lu­cas High

After years of plan­ning and a pro­longed court bat­tle waged by neigh­bor­ing com­mu­ni­ties that ul­ti­mately made its way to the Colorado Supreme Court, the Nine Mile Cor­ner mixed-use project in Erie broke ground this month.

The project, a pub­lic-pri­vate part­ner­ship be­tween Erie, the town’s Ur­ban Re­newal Au­thor­ity and de­vel­oper Ev­er­green Devco Inc., will in­clude both res­i­den­tial and com­mer­cial prop­er­ties on a roughly 48-acre site at the south­east cor­ner of Ara­pa­hoe Road and U.S. 287.

Grad­ing and in­fra­struc­ture work has be­gun on the 26-acre re­tail com­po­nent of Nine Mile Cor­ner. The shop­ping cen­ter will be an­chored by a roughly 120,000-square-foot Lowe’s Home Im­prove­ment store.

The Nine Mile Cor­ner project be­gan in 2015 when Erie of­fi­cials iden­ti­fied the city-owned par­cel for de­vel­op­ment and put out re­quests for bids from builders. A de­vel­op­ment agree­ment with Ev­er­green was reached the fol­low­ing year, but the project came to a screech­ing halt soon after when neigh­bor and oc­ca­sional ri­val Lafayette at­tempted to block its progress.

Con­cerned over the po­ten­tial for Erie to poach re­tail ten­ants and tax re­ceipts from its own planned com­mer­cial ar­eas, of­fi­cials in Lafayette — home to a planned, Stephen Tebo-owned mixed-use de­vel­op­ment di­rectly across U.S. 287 from Nine Mile Cor­ner — at­tempted to con­demn the land over which Nine Mile Cor­ner would be built.

After three years of le­gal squab­bling and a de­ci­sion by the state’s high­est court bar­ring Lafayette from con­demn­ing the prop­erty, the mu­nic­i­pal­i­ties reached a set­tle­ment in 2019.

“It’s been a long jour­ney for ev­ery­one,” Tyler Carl­son, man­ag­ing prin­ci­pal and ex­ec­u­tive vice pres­i­dent at Ev­er­green, told Bizwest. “When we started this project, I don’t think we an­tic­i­pated that it would take this long and that the Supreme Court would get in­volved. But the town of Erie and the Ur­ban Re­newal Au­thor­ity have been great part­ners.”

He con­tin­ued, “Since we started , the mayor has changed, the town coun­cil changed, the town ad­min­is­tra­tor changed. It’s a whole new set of faces, but what hasn’t changed is Ev­er­green’s com­mit­ment to ex­e­cut­ing this project with the town.”

Ev­er­green is cur­rently grad­ing the site and plans to start stormwa­ter in­fra­struc­ture in­stal­la­tion next month.

Ver­ti­cal de­vel­op­ment will be­gin in 2021 and build­out is ex­pected to be com­plete by 2022.

Carl­son said it is Lowe’s goal to be open by the 2021 hol­i­day sea­son, and the hope is to open the first of the sur­round­ing re­tail spa­ces around the same time.

“Bring­ing ma­jor an­chor re­tail­ers, like Lowe’s, to Erie will pro­vide hun­dreds of jobs and new life to the area, which is espe­cially needed dur­ing these dif­fi­cult eco­nomic times due to COVID19,” Laura Or­tiz, man­ag­ing prin­ci­pal and pres­i­dent of Ev­er­green, said in a pre­pared state­ment.

Ev­er­green is in search of a sec­ond an­chor for the shop­ping cen­ter and “we’d love for there to be a gro­cery com­po­nent at Nine Mile,” Carl­son said.

The res­i­den­tial com­po­nent of Nine Mile Cor­ner calls for the con­struc­tion of 287 at­tached, market-rate rental units spread across sev­eral two- to four-story apart­ment build­ings. There will be six stu­dios, nine town­home­style units, 140 one-bed­room units and 132 two-bed­rooms.

Leas­ing is ex­pected to start by the end of 2021 with full build­out fin­ished by Au­gust 2022, Carl­son said.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.