Buckingham Companies To Handle Ralston Creek North Development Project In Arvada
- Jul 31, 2014
The Arvada Urban Renewal Authority has chosen Indianapolis-based Buckingham Companies to handle the development of Ralston Creek North, a 14-acre site formerly known as ‘the Arvada Triangle’. The shortlist for the project also included Loftus Developments LLC.
“It was a hard decision for the Board as both finalists – Loftus Development and the Buckingham Companies team – put together terrific proposals,” says AURA Director Maureen Phair. “In the end, the Board chose to work with the Buckingham Companies team because of their project vision, integrated team approach, and overall business philosophy: they develop, own and manage their projects for the long term.”
The Buckingham Companies team consists of Buckingham Cos., the Urban Investment Group and Larimer Associates.
The development site is located within the Ralston Creek District in south central Arvada, a once popular retail and entertainment destination for community members. Over the years, the site has become run down, with many retailers shutting down their businesses. Formerly known as ‘the Triangle’, the Ralston Creek District is comprised of three major shopping centers built in the 1960s.
According to the Arvada Urban Renewal Authority, the Ralston Creek North redevelopment project is meant to transform the northern center into a vibrant mixed-use destination for the Arvada community. The area is conveniently located between two new RTD commuter rail stations, Olde Town Station and Kipling Ridge Station, set to open in 2016. Additionally, a new 138,000-square-foot Walmart store is scheduled to open in the area in 2015, according to the City of Arvada.
Ralston Creek North is expected to become a highly popular destination for the citizens of Arvada, comprising both commercial and residential space. According to the Citizens for a Livable Ralston Community, the Buckingham Companies project proposal includes apartment buildings with underground parking, retail and entertainment facilities, as well as bike and pedestrian paths. The redevelopment site is in close proximity to the 20-acre Ralston Creek Park and the 133-acre Lutz/Stenger Sports Complex.
Image courtesy of the Arvada Urban Renewal Authority