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    Westminster's New TOD Area Featured in Rocky Mountain Real Estate Challenge

    4/29/2016
    Station area also receives 2016 MetroVision Award from DRCOG
     
    Each year, students from both the University of Denver and University of Colorado Boulder’s graduate real estate programs are challenged with the task of creating a preferred development real estate proposal for a real-life selected property, as part of the Rocky Mountain Real Estate Challenge (RMREC). This year, Westminster’s new Transit Oriented Development (TOD) site in South Westminster was the spotlight property.
     
    The finals for this year’s fourteenth annual event were held Thursday, April 28, 2016, with the team from University of Denver’s Franklin L. Burns School of Real Estate and Construction Management being declared the winner. The team of six students claim temporary ownership of the National Association of Industrial and Office Properties (NAIOP) traveling cup, as well as receiving scholarships and future employment opportunities.
     
    Student teams evaluated development opportunities on the 21-acre site adjacent to the station, which features Transit Oriented Development (TOD) opportunities at the center of the South Westminster revitalization area. As part of the Regional Transportation District’s (RTD) FasTracks project, the station and transit plaza will be a central hub within the surrounding 135-acre transit-oriented development area.
     
    Westminster Station is the first stop from Denver Union Station for the RTD B-Line, which will eventually go to Boulder. Just 11 minutes from downtown Denver, the station is located just west of Federal Boulevard near 69th Avenue between Interstate 70 and Highway 36.The station and adjacent 900-space parking garage are slated to open in summer 2016.
     
    The 21-acre site encompassed unique challenges and opportunities for the student teams on how to transform a low-density industrial site into a higher density, mixed-use TOD. Recently, the Federal corridor was named one of four “demonstration corridors” in the country ripe for reinvention as a healthy place with strong connections to surrounding communities.
     
    Additionally, the City of Westminster also recently won a 2016 MetroVision award for the Westminster Station project from the Denver Regional Council of Governments (DRCOG). To view the video, click here.
     
    For more information on Westminster Station, click here.
    For more information on the Rocky Mountain Real Estate Challenge, click here
Westminster Colorado Economic Development Office 4800 West 92nd Avenue Westminster, CO 80031