Diagonal Plaza Redevelopment
January 2013 Update
On Monday, Jan. 21, 2013, Walmart confirmed itself as the tenant at Diagonal Plaza, 3303 30th St.
July 2012 Update
April 2012 Update
There are currently no development plans or conceptual proposals in review by the city for a "big box store" (over 75,000 square feet). No development plans for new construction at Diagonal Plaza are in conceptual or formal review.
Diagonal Plaza is a commercial center of approximately 33 acres in northeast Boulder (map). The center was first developed in 1965, with a subsequent phase developed in 1995 near 30th Street. The area is zoned BC-1 (Business Community - 1) and the center's physical infrastructure does not meet the city's current land use regulation standards including circulation, landscaping and lighting. Portions of the shopping center haven't been upgraded in decades.
Diagonal Plaza has been aging and the physical appearance of its buildings and improvements have been declining. Sales tax revenues produced by the center have declined over the past several years due to extended retail vacancies. There have been no applications to the city for redevelopment of the site, although developers and retailers have considered the center for conceptual development proposals in the past.
Following a request for proposal process, the city selected the consultant team of Economic and Planning Systems (EPS) of Denver; OZ Architecture; Scott, Cox & Associates; and, RRC Associates to conduct a preliminary economic analysis for potential redevelopment of the Diagonal Plaza shopping center. This analysis will considered several redevelopment scenarios and evaluate factors such as current and potential property market values, market feasibility and needs, infrastructure needs, and a preliminary analysis of potential tax revenues.
The Department of Community Planning and Sustainability's new redevelopment team has defined a study area to evaluate options related to future redevelopment. This may include public-private partnerships or financial options such as the use of the Boulder Urban Renewal Authority (BURA) and tax increment financing or other public financing tools. The study area includes the Diagonal Plaza shopping center as well as several nearby properties. The area includes 15 properties, all under separate ownership. Property owners in the study area have been contacted by the city to review the status of the initial study.
No meetings are currently scheduled. All upcoming meeting information will be posted here.
At this meeting, City Council reviewed the Urban Land Institute (ULI) Technical Assistance Panel (TAP) report and BURA comments. City Council voted to proceed with next steps in evaluating redevelopment of the Diagonal Plaza shopping center and area, including:
A blight study was not included by City Council in the approved next steps.
BURA reviewed and commented on the Urban Land Institute (ULI) of Colorado's Technical Advisory Panel (TAP) report (See Jan. 20 info below) on Diagonal Plaza. Read the staff memo. Comments from the BURA were sent to City Council.
After a site visit, interviews and work sessions, panelists presented their findings and recommendations to the city and interested stakeholders, including property owners and the public. Read the Draft Problem Statement from the ULI TAP.
City Council provided direction on Diagonal Plaza redevelopment options. Part of this direction was for staff to work with the Urban Land Institute (ULI) to schedule a one day TAP to invite a select panel of area and regional professionals to evaluate redevelopment options for the Diagonal Plaza that would meet the community’s goals for the center, and make strategic recommendations for implementation.
Last Updated on Friday, 22 March 2013 07:39