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HomeMy WebLinkAboutUNIVERSITY CENTER PUD (UNIVERSITY MALL REDEVELOPMENT) - FINAL - 2-96A - CORRESPONDENCE - CITIZEN COMMUNICATION. r ' square footage to the south, our parking field is again deminished. A southern expansion of the store could also increase the cost of additional site work required by the city. Factors such as the loss of prime parking, reduced potential sales, and project cost overruns impacts our Proforma negatively and do not allow for the needed return on investment. These are just a few of King Soopers concerns regarding the redevelopment of the University Mall. I hope King Soopers can meet with you to review any proposed redevelopment plan before any approval is given. Please feel free to contact me at (303)-778-2700 to discuss this matter. Sincerely, King Soopers, Inc. Rick Meggison Real Estate Analyst DEC 16 an Ir / / MAILING ADDRESS: P.O. BOX 5567, DENVER, COLORADO 80217 p GENERAL OFFICE& WAREHOUSE • 65 TEJON STREET • DENVER, COLORADO • (303) 778.3100 • FAX (303) 778-7513 December 13, 1996 Mr. Steve Olt Current Planning Department P O Box 580 Fort Collins, CO 80522-0850 Dear Mr. Olt: I understand you have been meeting with developers interested in the purchase and redevelopment of University Mall in Fort Collins. King Soopers currently leases 48,000 square feet at this mall. We are concerned about any proposed plan to redevelop the center without the input of King Soopers in the process. Should a developer present a plan for your approval, and the plan is accepted without King Soopers input, the plan may not be in King Soopers best interest, and could force King Soopers to leave University Mall. In an effort to prevent this, I am writing you today to address specific concerns King Soopers has regarding redevelopment at the University Mall. There have been several proposals by developers over the past few years that are not acceptable to King Soopers for several reasons. First and foremost is inadequate parking. Due to the design of entrances from College, our field of parking is marginal for our existing size and number of guests who shop our store. Any redevelopment of the center must address parking prime to King Soopers be kept to a 5:1 ratio. Prime refers to the area directly in front of our store, outside wall to outside wall. The ratio refers to the number of parking spaces per 1,000 square feet of our store. Most of the plans submitted to date do not allow for the 5:1 ratio, and due to other use, subtract from the parking. Should King Soopers expand, the prime ratio drops significantly due to the entrance from College. Another parking concern is the old skippers pad. In discussions with developers, King Soopers has stated that if the pad could be moved to the other side of the entrance, there would be additional parking prime to King Soopers. Several plans have shown the old skippers pad to be a new food use of some sort, thus decreasing our field of prime parking. Another concern is the direction of any King Soopers expansion. The expansion could be to the north, (within existing structure), or to the south, within a new structure. While we have reviewed several options, the expansion to the south, or allowing more building u A DILLON COMPANY Primed m Recycled Paper.