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HomeMy WebLinkAbout2011-05-12 ACE MINUTES• • • ALLIANCE FOR COMMERCE IN ENGLEWOOD May 12, 2011 Minutes and audio are available at: http://www.englewoodgov .org/Index.aspx?page=771 I. CALL TO ORDER 1111 Th e regular meeting of the Alliance for Commerce in Englewood (ACE) was called to order at 11 :47 a.m. in the City Council Conference Room of the Englewood Civic Center, Vice Chair Knoth presiding . Present: Vasilas , Knoth, Schalk (e nte re d 12 :0 2 ) Absent: Sarconi, Calonder, Champion, Weinberger Also present: Colleen Mello, Englewood Chamber of Commerce Trent Lind, Swedish Medical Center Rosemarie Cavral Adam Orens, BBC Research & Consulting Ford Frick, BBC Research & Consulting Brad Kornfeld, The Kornfeld Companies, LLP Staff present: Alan White, Community Development Director 1111 Darren Hollingsworth, Economic Development Coordinator APPROVAL OF MINUTES April 14, 2011 Vice Chair Knoth stated that the Minutes of April 14, 2011 were to be considered for approval. It was determined there was not a quorum; therefore the minutes could not be approved. II. ACE BUSINESS 1111 City-wide Retail Assessment Marketing/Development Strategy Mr. Hollingsworth provided a brief background on the City-Wide Retail Assessment stud y. He noted today's presentation was given to City Council three weeks ago . He introduced Mr. Adam Orens and Mr. Ford Frick from BBC Research & Consulting and Mr. Brad Kornfeld from The Kornfeld Companies, LLP. He stated they were at the meeting as a resource and to tell the members how they have observed Englewood and what was provided to City Council. Mr. Frick stated his firm is an economic research firm specializing in the economics of development and real estate. Mr. Kornfeld is the owner and operator of several shopping centers and for many years was a real estate attorney. Retail is an industry driven by the 1 • economics of a community and its surrounding markets. A slide show was presented. Demographics, retail performance, competition and availability of appropriate sites were discussed. Ten retail sites were visited and analyzed and four were determined to be prom1s1ng : CityCenter Englewood, Broadway -Gateway and downtown, Brookridge Shopping Center/K-Mart and the Centennial Shopping Center area. Information on how a retail developer would view Englewood and what can be done to make Englewood more attractive was presented . Preserving the sales tax base is an important part of the City revenue, but the City may have to look more broadly bey ond sales tax. The City has great traffic counts and a lot of sites have good visibility and access. Streamlining the approval process or dealing with permitting issues and getting the word out to the brokerage, retail and ownership community saying the City will help them through the process may be ways to make the City more attractive. It's not just about the commercial and retail ; there's a residential side to this too. Having a more modern housing stock and attracting residents to Englewood will help the retail as well. Multi-family projects have invigorated retail in parts of Denver. It was asked what the City could do to encourage people to move to Englewood. Mr. Frick said the City could take steps to encourage and allow higher density in locations; combine lots and build townhomes and multi-story buildings. • A member inquired as to what retail categories are missing and areas where we could improve in Englewood . Mr. Frick said large big boxes and lifestyle centers, but they are located within the market area . He noted City boundaries do not define market areas. • This project has two phases to it. The second potential phase, that the City has not committed to, involves taking all the findings and saying who might we go after and what would be the strategy to do that. The project currently ends at the assessment and direction stage . Ill. PUBLIC COMMENT There were no comments . IV. COMMENTS CHAMBER OF COMMERCE ltll Ms. Mello provided an update on Chamber events: 1 . 2. 3 . The next After Hours event will be on May 171h. The annual Golf tournament will be held on June 10 1h. Women in Business will be meeting on June 22 11 d at Cafe 180. 2 • Ms. Cavral noted on August 141 h Cuttin' It Loose hair salon will be holding a Cut-a-Thon for all the children of Englewood and Sheridan . They are looking to do over 900 haircuts in 4 or 5 hours. Volunteers are needed to assist with the event. BID COMMENTS ~ Mr. Vasilas said volunteers are still needed to help with the Eats and Beats event to be held on June 25 1 ". STAFF COMMENTS ~ Staff had no further comments . CITY COUNCIL COMMENTS Mayor Woodward and Mr. Jefferson were not in attendance. ACE COMMENTS There were no further comments . V. UPCOMING ACE BUSINESS a. The next meeting is scheduled for June 9 , 2011 . • No further business was brought forth for consideration. The meeting was adjourned at 1 :00 p.m. ~A ~~) "Barbara Krecklow, R~diflgSeCTetary • 3