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This is the second Castle Locks Self-Storage project, which will include about 60,000 square feet of storage (399 units) and 2.3 acres of RV storage. The project is under construction and should be open in 2018. View a map of projects currently underway at CRgov.com/DevelopmentActivity.
In 2010, Town Council approved a Planned Development Plan for that area. That plan included 117 homes. Now, a new builder is interested in developing that area. The developer conducted two neighborhood meetings to date and received feedback expressing concerns over the proposed increase in density.
If the developer were to stick with the originally approved plan, construction could begin with proper construction documents. If the developer were to make any changes to the original plan – such as increasing the density of homes, building elevations, open space allocations, site setbacks, or overall site layout – the new plan would have to go through a public process. That process would include public hearings with the Planning Commission and then go to Town Council for consideration. To date, the applicant has suggested an increase in density up to 168 homes. However, the Town has not received a formal application. Depending on the increase in density that is ultimately submitted with a formal application, there would be numerous impacts, such as traffic impacts, that would need to be studied and discussed before the public process would begin.
When formal development plans are submitted, the Town updates its Development Activity map at CRgov.com/DevelopmentActivity.
That area – just north of the new Castle Rock Parkway interchange and behind Home Depot – is owned by Alberta Development Partners. Some of it is located within the Town’s jurisdiction, and part of it is within Douglas County’s jurisdiction. At this time, Alberta has sent proposed ideas to the Town through a Preliminary Project Application.
The Preliminary Project Application is not a formal application. Instead, it is a way for developers to solicit comments from Town staff regarding the required processes for a proposed project. In this case, some of the area would have to be annexed into the Town. In addition, the proposed idea would have to go through zoning, site development, construction document evaluation and erosion control processes – some of which require public hearings and neighborhood meetings. The proposed idea includes both residential and commercial development options.
For this 56-acre proposal, 34.9 acres already exist within the Town (zoned as Integrated Business back in the 1990s), and 21.7 acres would have to be annexed into the Town.
The formal annexation application begins when the owner/developer of the property submits an annexation application to the Town. No formal application has been submitted, and nothing has been presented to Town Council for consideration. Learn more about the Town’s annexation process at CRgov.com/annexation.
This area is part of the new Promenade at Castle Rock. The developer, Alberta Development Partners, has announced this building will be a Hobby Lobby and a Ross. Visit their website to learn about other retailers and amenities coming to the area.
This parcel is owned by the Town as part of Front Street’s right-of-way, which is reserved for future road widening, or road improvement projects. There are no plans for improvements at this time.
The property is currently owned by Heir & Company, a Castle Rock business. They are currently using the building for apartments. There have been numerous discussions about renovation of the existing building or renovation of the existing building with an addition to expand the usable square footage. However, there have only been discussions, with no formal action plans. In addition, the Town’s Historic Preservation Board has nominated the building twice for Colorado’s Endangered Places Program, but it has not been accepted. The hope was to get exposure for the building and, therefore, expand possible grant opportunities.
That land is a dedicated for a school site. At this time, the Town does not have any requests to develop a school on this site. When we receive requests, and developments begin going through our process, we post information on our Development Activity Map at CRgov.com/DevelopmentActivity.
This area is known as the Oaks Subdivision. The landowner is currently looking at requesting an increase in the number of homes previously approved. They have been conducting neighborhood outreach and have not at this time submitted an official application. Information about neighborhood meetings related to development can be found on the Public Notices calendar at CRgov.com/events. (To find past events, click the “show past events” box on the calendar and enter your search in the search bar.)
Like in most municipalities, all development – including building, planning and zoning – is handled by the Town’s Development Services Department. A new development must start with a proposed plan.
The plan is submitted to Development Services, which is staffed with experts. Engineers, community planners and designers evaluate the plan on everything from traffic and water impacts to design and aesthetic standards. Their goal is to ensure every new development not only matches the community’s vision but also makes technical sense and, above all, is safe to use. Then, the public process can begin. Planned developments are presented to the public through Planning Commission, community meetings, and Town Council. Then, staff follows up with developers to ensure public comments taken at public meetings are incorporated into the plan to the extent possible. You can see the projects going through this process using the map at CRgov.com/DevelopmentActivity. Sometimes, if the zoning use on the area is already in line with what the developer is proposing, it can be reviewed and approved by staff.
It’s important to know this process is market-driven. When the economy supports new amenities, developers will approach the Town with their ideas.
The Town and Alberta Development Partners (the developer of the Promenade) entered into a financial agreement in 2014. The Town agreed to share new tax revenue generated on the property. No existing Town revenues nor funds were committed to the project. Instead, it is a sharing of tax revenue the Town otherwise would not receive. This revenue helps fund necessary public services such as fire, police, road maintenance and more.
Key aspects of the agreement include: • The Town shares 27.5 percent of new sales tax revenues generated from that property for up to 25 years and will fund up to $4.45 million in development fee reimbursements and an additional $750,000 fee reimbursement tied to achieving 700,000 square feet in commercial development. • The metro district on the development property intends to issue and repay $28.8 million in net bond proceeds for qualifying public improvements. • Alberta intends to acquire the land, develop the property and otherwise fund the $180 million project. • The financial agreements also include restrictions on Alberta relocating certain existing business in Castle Rock to the new development.
View the agreement and learn more at CRgov.com/Promenade.
Every development must go through some level of review by the Town’s Development Services Department. Following Council’s approval of this project, Wolfensberger Property Group (the lead developer of the property) submitted construction documents for Town review. Town staff has completed two reviews of the documents and are awaiting a response. Construction cannot begin until the documents are approved. Based on some discussions the Town has had with the developer, site grading and building construction could begin as early as fall 2017.