Renewal Wheat Ridge (Urban Renewal Authority)

The Wheat Ridge Urban Renewal Authority, otherwise known as Renewal Wheat Ridge (RWR) is committed to improving the visual aesthetics and environmental aspects of the community and works toward doing this while adhering to the wants and needs of the community. 

This very active Board gets to be in on the ‘ground floor’ of what’s happening in Wheat Ridge and is able to support the community through the use of Tax Increment Financing (TIF) funding for property improvement. TIF allows the majority of property taxes on an improved property to flow back to RWR.  RWR has had an active role in the development of Perrin’s Row on 38th Avenue, The Corners at Wheat Ridge, Kipling Ridge Shopping Center (Sprouts), West End 38 Apartments and the new ground floor restaurant concept Cured Grape, Town Center North affordable senior apartments, new retail space for Swiss Flower and Gift Cottage, the reuse of the Walmart site, the new Uncle Julio’s Hacienda Colorado restaurant, the infrastructure within Clear Creek Crossing, purchase of traffic signals throughout Wheat Ridge to improve safety, the future Parallel Apartments at Wheat Ridge Ward Station, and the expansion of a patio area on the west side of Colorado Plus, and many other projects throughout Wheat Ridge.  

RWR continues to improve Wheat Ridge and its health by funding the cleanup of contaminated properties. One of those active remediation sites is the old dry cleaners at the corner of 38th Avenue and Yukon Court.  RWR has invested almost $1.5 million into the cleanup of the property so that future generations of Wheat Ridge and the surrounding areas are not impacted by the contaminants left by a previous owner.  

RWR is proud of its commitment to remediating blighting conditions in the community and upgrading the retail, service and residential areas of the community. Board members see the results of their decisions to fund projects come to fruition with completed projects that provide new jobs, new housing, and new opportunities in the City.

The RWR Board meets on the first and third Tuesday of each month at 6 p.m. in City Council Chambers, as needed. Please check the City Government calendar for updates on meetings.

“All RWR commission members can bring up ideas and concerns, and they know that they will be heard.  They get to see our team working hard to obtain grants and move capital projects forward.  It’s fun to contribute to an aspect of the city that is loved and utilized by many members of the Wheat Ridge community,” stated Walt Pettit, Board Chair.  

Agendas and Minutes

 Agendas are available prior to the meetings.

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 Minutes are also available following approval.

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Members

Members are appointed by the Mayor and ratified by City Council.

Renewal Wheat Ridge  Completed and Active Activities

COMPLETED ACTIVITIES

Wheat Ridge Cyclery - Completed 2011/fully reimbursed 2013

Renewal Wheat Ridge assisted in the expansion of Colorado’s premier bicycle shop. Total Tax Increment: $264,180 (fully repaid in 2013) Private investment: $2,000,000. Cost to taxpayers: $0

Perrin’s Row - Completed 2013/reimbursement until 2040

Renewal Wheat Ridge assisted in the development of 26 new townhomes on 38th Avenue between Eaton and Chase Streets along the Ridge at 38. Total Tax Increment: $467,000. Cost to taxpayers: $0

Kipling Ridge Shopping Center - Completed 2015/debt servicing until 2028

Renewal Wheat Ridge assisted in public improvements to a site at the southwest corner of Kipling Street and West 38th Avenue.  MVG Development constructed a Sprouts, Starbucks, Morningstar Memory Care facility, and one pad remains for a 5,000 tenant building.  Renewal Wheat Ridge provided assistance for public infrastructure through a bank loan. Total Tax Increment: $2,000,000. Cost to taxpayers: $0

Town Center North - Phase i completed 2013.  Phase II completed 2016.  Phase III to start Spring 2021.  Debt servicing on Phase III until 2040.  No debt on Phases I & II

Renewal Wheat Ridge purchased land that housed a contaminated transmission shop, Antiques shop and closed retail. Renewal Wheat Ridge cleaned the site, created a subdivision, completed all the infrastructure.  Working with Wazee Partners 188 new affordable apartments for active adults was constructed on the site in two phases.  A third phase of market-rate, non age restricted units will be developed on the final pad. Total project cost including land purchase and land sale: $3,900,000. Private investment: Phase I - $13,000,000, Phase II - $12,000,000, and Phase III $20,000,000.  Public Investment - $3,085,268.  Cost to taxpayers: $0

Uncle Julio's Hacienda Colorado Restaurant at Applewood - Building completed 2018.  Debt servicing until 2040

Renewal Wheat Ridge approved a Tax Increment Finance Agreement to provide gap funding for the construction of a Hacienda Colorado Restaurant in the Applewood Shopping Center. The high-scale Mountain Mex facility will be located on the closed site of the Wells Fargo drive-thru on Youngfield Street. The new restaurant is 9,500 sq. ft. and features a second-story patio.  

Public Investment - $1,100,000.  Cost to taxpayers: $0.

Walmart Reuse at Applewood - Building completed 2019.  Debt servicing until 2040

Renewal Wheat Ridge entered into a Redevelopment Agreement with US Retailers for re-tenanting of a shuttered Walmart building.  Four new tenants now occupy the space and one pad remains vacant. Private Investment approximately $58,000,000.  TIF public pledge $8,441,138.  Cost to taxpayers: $0.

The Corners at Wheat Ridge - Final Phase will be complete early summer 2021.  Debt servicing until 2040

Renewal Wheat Ridge participated in the development at Wheat Ridges’ most highly visible corner at the southwest corner of Wadsworth Boulevard and West 38th Avenue. The previous GoFord site had been closed for almost 10-years when Renewal Wheat Ridge assisted the developer in funding a portion of the public infrastructure. Site contains a 35,000 sq. ft. building, up to 45,000 sq. ft. of additional shopping opportunities, and 321 market-rate apartments. Total Tax Increment: $6,200,000. Private investment: $85,000,000. Cost to taxpayers: $0

Swiss Flower and Gifts - Phase I Completed 2018/debt servicing until 2040

Renewal Wheat Ridge participated in the development of a new retail site on 44th Avenue at Jellison Street measuring 6,600 sf.  A Phase II will cause the creation of approximately 7,200 sf of maker space with a value of approximately $884,000. Total Public Investment: $767,383. Cost to taxpayers: $0

West End 38 - Completed February 2019/debt servicing until 2040

Renewal Wheat Ridge participated in the development of 165 market-rate apartments and 8,000 sq. ft. of retail along west 38th Avenue at Upham Street. Total Public Investment: $2,400,000. Private investment: $45,000,000. Cost to taxpayers: $0

Traffic Signal at 44th Avenue and Vance Street

Renewal Wheat Ridge caused to be installed a traffic signal at 44th Avenue and Vance Street exiting the Town Center North development. Total Investment: $350,000.  Cost to Taxpayers: $0

Traffic Signal at 32nd Avenue and Xenon Street

Renewal Wheat Ridge participated in a portion of the funding of a traffic signal at 32nd Avenue and Xenon Street exiting the Applewood Shopping Center. Total Investment: $110,000. Private investment: $85,000. Remainder of costs come from City general fund.

Colorado Plus Brewpub New Patio - Completed 2020/fully paid reimbursement 2020

Renewal Wheat Ridge entered into a Reimbursement Agreement with the owners of Colorado Plus Brewpub located on 38th Avenue at Reed Street for the development of an exterior patio on the buildings west side. Public Grant Investment - $80,000.  Cost to taxpayers: $0

ACTIVE PROJECTS

Clear Creek Crossing

Renewal Wheat Ridge entered into a Redevelopment Agreement with Longs Peak Metropolitan District and Evergreen Development for development within Clear Creek Crossing.  The 90+ acre project broke ground in 2019.  Public Investment - $5,000,000.  Cost to taxpayers: $0

The Parallel Apartments 

Renewal Wheat Ridge entered into a Redevelopment Agreement with The Forum Group for the development of 300+ units of market-rate apartments along the RTD Gold Line at the Wheat Ridge Ward Road Station. Public Investment - $8.92 million.  Cost to taxpayers: $0

Paramount Heights Shopping Center (Golds)

Renewal Wheat Ridge entered into a Reimbursement Agreement with the owners of the Golds Center at Kipling Street and 26th Avenue.  Renewal Wheat Ridge invested in new public infrastructure including a new parking lot, curb, gutter, sidewalk and landscaping. Grant funds utilized for public improvements. Public Grant Investment - $1,583,547.  Cost to taxpayers: $0

Right Coast Pizza New Patio

Renewal Wheat Ridge entered into a Reimbursement Agreement with the owners of Right Coast Pizza located on 38th Avenue at High Court for the development of an exterior patio. Public Grant Investment - $60,000.  Cost to taxpayers: $0

Cured Grape Restaurant

Renewal Wheat Ridge entered into a Reimbursement Agreement with the owner of a new restaurant concept within the West End 38 Apartments.  Grant funds utilized for public improvements to the approximately 4,000 sf pad. Public Grant Investment - $30,000.  Cost to taxpayers: $0

Mestizo Brewery and Cantina

Renewal Wheat Ridge entered into a Reimbursement Agreement with the owner of a new restaurant concept at 38th Avenue and Pierce Street.  Grant funds utilized for public improvements to the old Quality Auto site. Public Grant Investment - $20,000.  Cost to taxpayers: $0

Storm Water Line Replacement

Renewal Wheat Ridge entered into a Reimbursement Agreement with the Forum Group for replacement and enlargement of a storm water line serving the entire Transit Station along the Gold Line.  This line serves all the new development along the station. Public Investment - $243,000.  Cost to taxpayers: $0

7690 W. 38th Avenue - Site Remediation

IN 2013, Renewal Wheat Ridge purchased a contaminated parcel at 38th Avenue and Yukon Court.  The pad was contaminated due to a previous use as a dry cleaning facility.  Renewal Wheat Ridge has been actively remediating the pad along with its partner Terracon, Inc. of Wheat Ridge.  Renewal Wheat Ridge entered into the Colorado Department of Public Health and Environment's (CDPHE) Voluntary Clean-up Program (VCUP).  It is anticipated that Renewal Wheat Ridge will receive a No Further Action Determination (NAD) letter in early 2021 which means the site is remediated and can be developed as long as certain standards are met.  Public Investment: $1,600,000.  Cost to Taxpayers: $0

Overview

Renewal Wheat Ridge is authorized by State Statute C.R.S. § 31-25-101, et. seq., created by the City Council, and granted authority under the Urban Renewal Law "except as may be limited, constrained, or proscribed by any approved and adopted Urban Renewal Plan" (Code of Laws, Chapter 25, Article II, Section 25-22 Opens a New Window. ).

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