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HomeMy WebLinkAboutUNIVERSITY CENTER PUD (UNIVERSITY MALL REDEVELOPMENT) - FINAL - 2-96A - CORRESPONDENCE - PROJECT NARRATIVESheryl Patterson Vice President Commercial Banking Manager Vectra Bank 1650 South Colorado Boulevard Denver, CO 80222 (303) 782-7500 Vincent N. Schmitz Chairman of the Board Aurora National Bank 10660 E. Colfax Avenue Aurora, Colorado 80010 (303)364-7671 BANK REFERENCES Craig Poulter Dennis Houck Vice Presidents, Commercial Real Estate Colorado National Bank 950 17th Street Denver, CO 80202 (303)585-4169 Fax: 585-5000 Stephen P. Bye Vice President Northland Financial Company 7600 East Eastman Avenue Suite 101 Denver, Colorado 80231-4371 (303)337-2322 Fax: 337-9458 William E. Ryan Vice President of Commercial Lending Bank One 1125 17th Street Denver, Colorado 80202 (303) 292-4000 Fax: 297-4306 Jill Pedicord Vice President Bank One 2696 S. Colorado Boulevard Denver, Colorado 80222 (303)757-7272 Fax:691-9121 Gary Judd President/Chairman of the Board Vectra Banks of Colorado 1650 South Colorado Boulevard Denver, Colorado 80222 (303)782-7500 A graduate of Harvard University, Cook also holds an MBA degree from the University of Denver. He was a broker with Coldwell Banker Commercial Brokerage Company in Denver, Colorado from 1976 until 1979. Since 1979, Cook has been a developer and investor in the commercial real estate market in Colorado and is the President and sole owner of DPC Development Company. Gary F. Wilson, CPA, Vice President, has been the CFO of DPC since 1987. He is in charge of all administrative and financial functions of the company and its projects. His duties also encompass asset management and project financing. Wilson previously worked for four years at Coopers and Lybrand and is a graduate of Texas Tech University. Christopher R. King, Vice President, has headed all acquisition, sales and marketing efforts at DPC Development since 1992. He has primary responsibility for new project development and directly oversees sales and leasing on behalf of the company. Previously employed as a project manager at Beaumont Properties and a Vice President at Norwest Bank of Denver, King is a graduate of Colorado State University. Since 1989, Timothy D. Rose has served as Vice President and Director of Property Management for DPC Development Company. He has spent over ten years in this field and currently oversees a staff of twenty. His background also includes both sales and commercial real estate leasing experience. Rose has an accounting degree from Colorado State University. John T. Ferguson, Project Manager and Director of Development Services at DPC Development, organizes and coordinates the physical aspects of new developments and oversees due diligence on the acquisition of existing properties. He serves as the "in-house contractor" for renovation and tenant finish work and interfaces with outside consultants, planning and building officials, and utilities providers. Ferguson came to DPC from GE Capital Asset Management Corporation and has a civil engineering degree from the University of Colorado. Summit Apartmei. Feb.. 1991. 228 units. resold Dec.. 1 _Z Writer's Center I and II Office Buildings (Dec. 1990. 65.000 sa. ft. - sold Sept.. 19951 Traditionally, DPC has played a strong role in the development of commercial real estate projects in the Denver metropolitan area. The company's developments have included office buildings, light industrial projects and, especially, neighborhood and community shopping centers. These retail projects have varied in size from 40,000 square feet to over 300,000 square feet and include local, regional and national tenants. Following is a list of shopping center projects developed or co - developed over the years by Donald P. Cook, along with the major retailers in each. Gateway Plaza Shopping Center (100.000 sq. ft.) Ross Stores, Linen Center, EMS, Sound Warehouse Arbor Village Shopninp Center (40.000 sq. ft.) Wendy's, Check Auto Parts, Taco Bell, Blockbuster Video Plaza at Westminster Mall (120.000 sg. ft.) Ross Stores, EMS, Sound Warehouse, Silo }Southwest Commons (340.000 sq. ft.) K Mart, Service Merchandise, Lionel Playworld, Cloth World, Cost Plus, McDonald's, Sound Warehouse, Fred Schmid, Kuppenheimer, Taco Bell The Plaza at Highlands Ranch (250.000 so. ft.) Target, Mervyn's, Kentucky Fried Chicken, Chili s, Blockbuster Video Arbor Village Shopping Center Phase II (50,000 sa. ft.) Pier 1 Imports, So Fro Fabric Stores, Wallpapers To Go Meridian Towne Centre (235.000 sd ft located in Lansing Michigan) Target, Kroger, Pier 1, Famous Footwear, Northwest Fabrics Golden Square (55,000 sq. ft.) Safeway, Burger King With a staff of over 30, Cook and DPC Development have provided in-house expertise in all the major areas of the development/investment process for the above listed projects. These services have included project management, financing, construction, leasing, tenant finish and property management. The DPC property management portfolio currently includes over 1.5 million square feet of commercial space, as well as a number of apartment properties. Cloverhill Apartments (an. 1994. 108 units) Eglewood Marketplace Shopping Center (Dec 1993 100,000 sa {t ) SecureCenter Of -{ice Warehouse (Dec. 1993. an 83.000 sQ. {t.. 6 building office/warehouse project) 1885 Dartmouth (Dec 1993 a 37,000 so ft office/warehouse budding -sold ulv 1996) The 'Terrace at Cherry Creek (Nov 1993 60 Unit Luxury Condominium Project - sold Oct.. 1995) Lakeside Office Park (Oct 1993 155,000 so ft office complex) Quebec Village Shopping Center Land (Sept 1993 25,500 sa ft retail developmentl Broadmoor Villa Apartments (Aug 1993 102 units) Highland Meadows Lots (Aug 1993 single family subdivision in Vail Colorado - sold 1994) Southgate Place Office Building(Tuly 1993. 32.000 sq. ft. - sold Ian.. 1995) Kell�Tohnson Office Building (May. 1993, 25,000 sa. ft.- sold Dec.. 1995) Cheyenne Crest Apartments (Auger 1992 208 units note purchase; since resold) Yuma Apartments (Aug 1992 40 units) (note purchase converted to lee ownership sold May. 19931 Glenridge Apartments 1992. 220 units) (note purchase, converted to fee ownership. ,(Aug sold May. 1993) Woodstone Subdivision (June 1992. 175 lot single family Subdivision- sold out by 192-5 Kings Ridge Apartments/Condominiums (Tune 1992 48 units sold out) Indian 'Tree Apartments (May. 1992 168 units) (note purchase converted to lee ownership, resold May. 1993) Plaza 7000 Office Building (Dec 1991 75,000 sa ft.l Epernay Apartments (Oct 1991 224 units; sold Oct 1994) Woodland Hills Apartments (Oct 1991 160 units; sold Oct 19941 Western Terrace Apartments (Aug 1991 204 units; sold Oct 19931 7 Jackson Office Building (Mar 1991. 35,000 sa ft., since resold) DPC DEVELOPMENT COMPANY BACKGROUND INFORMATION DPC Development Company is the central real estate operating organization of Donald P. Cook. While the company's activities date back continuously to the late 1970's, it emerged in its present form in 1986. While the 1980's represented a decade of development and new construction, the 1990's have been primarily a period of acquisition and value enhancement. During this time, DPC Development Company, through its affiliates, has been one of the most active investors in Colorado commercial real estate and the scope of the company's activities continues to expand. Following is a chronological listing of DPC's investment projects since 1990: 98 Inverness Drive (December. 1996 37,000 sauare loot office building) Elelz Tek Business Center (Lv 1996 93.587 sauare feet; 5 building retail/service center) Central Place office building (April 1996 71,563 net rentable sauare feet Class A office building Ouebec Village -(former Walmart Building) -(November. 1995, 87,000 square feet retail building; part of 112,000 sauare feet Quebec Village Center) Old Broadmoor Plaza (November. 1995, 4.5 acres retail development project) Chaparral Business Park (October, 1995, 147,000 sa. ft. light industrial project) 575 Union Boulevard(August, 1995, 34.000 sa. ft. office building) One Directory Place (Ly, 1995, 140,000 sa. ft, sale/leaseback) East 66th Warehouse (Tune 1995 34,000 sa ft warehouse building) Genessee Commercial Development (May, 1995, 110,000 buildable sq. ft. office development) Englewood Exchange (Mar. 1995, 120,000 sa. ft., multi -tenant retail/distribution project) Thornton Land Development (Dec 1994. 7 acre hotel/restaurant/retail development site) Montbello Business Center (Dec 1994 9 acre retail/service project) Toliet Distribution Center (Sept 1994 240,000 sa ft warehouse/distribution project -sold August. 1996) Highland Court Office Building(Ly 1994. 1985 100,000 Syracuse Hill II (July 1994 53 000 sa ft 1984 office building) 11-25-96 01:59PM FROM DPC DEW OPMENT TO 19702246111 SYi18/19� 1:26 3331091 ami tS FK I M & dames Urns / Attorg y Is Madison StroK if 100 Denver, Ca BM6 P) 333 3011 Fm 3331891 City ofFort CnUbu plmuu% I7epartnraot 261 North CAP Ave. FOR Collins, Co. 90524 P002/002 PAGE 01 Fm p If "Iq rt a PUD Appfleatlep for Rmovation Uf Umlvwdty ma Stewing Coeur I am the attorney fear tW UUivo ky Mall Vemm Group, Inc. as well es JOba and a9arilyn Stoddard. They have rzq *%M dW I notify you that UB kv=WAntk LLC and/or KU Dc4dopmeat Comperhr ftO bavc been authorized as the aged for the above owmn to fibs end participate in the prate ft o£the 4PPIkadw for a aew► PUD of the University Maff Shopping Center see oa lour &W wdzW to emceed. Any A*= activity by the owner's aged dmQ only be condmod by DPC Development cm4pa w DBA New Uabvwdw Mao LLC. It is dm bAll0tion of dm owun that you proceed with the mad proposed PUD application Subject to dwWm that bony be initiated is "w&rn aace with the dawlopment plans ofthe DPC Davdopm m CompW Yaral uwyr w ga&7k camas BMU AUMMY Nr Uaivor*Md Ventnro Grasp, Inn. sad StaWarda 11-25-96 01:59PM FROM DPC DEVF'IPMENT TO 19702246111 P001/002 DPC Development Company FACSIMILE COVER SHEET TO: _ 5.1ej: �p"tf- FAX NO.: 70-az1 -63-??P TELEPHONE: FROM: �CtiY iS , �. PAGES (including cover): DATE: SUBJECT: U AX.ArL(1 COMMENTS: �► �.e�.GloSt_ � via �-.�c�.�-,:r. 1C.,1iar �-a.,�. 'tier. G..rk�r' `hw_�- �ao� � r..� .JP 1�.�5 T (...tez�. Z ZL.. � � -!•L�.s . g Ap W leSCq. `rhe- Ivw l Fez 6 ^..j p a.Se r� apG. J L x-J U+. w.r-s•4� 9 0,+5 1,znk Thirfoerindle contains CONFIDENi7AL INFORAiAY70N WIfICH MA Y AI-SU IfbLEGALLY PRIVILEGED and ahiCh is intended only for the we of the AddrMee(s) named above. Ifyou are not the intended reelpienr ojthis jarshrdle, Or the engrloree or agent responsible for delivering it to the intended) eeriplent,you are herehv norifled that ant, are, dissemination, distribution or rapping of rhis joesindle is strietlr prohibited Ijyou have reeelved this facrindle in error please inunediure/v oofify as hr Wephane and return rite aeiginal faceimNe m as at the abo,r• address via the U.S. Pascal Serviee. ThamF you. Equipment Operator: 7000 EAST SELLEVIEW AVENUE. #2904,GREENWOOD VILLAGE, CO 80111.(303)796-8288•FAX (303)796-8388