Littleton City Council approved the demolition of the old Marathon site on July 1, since it had been an empty, vacant lot for about 14 years. They plan on putting in a new shopping and living center, giving the Littleton community some new eat, work and play options.
“The negotiations (with the city) have been frustrating,” said Michael Downes in the Littleton Independent, the managing director at Watt Investment Partners. “The developer made the decision on June 25 to stop negotiating and accept what was on the table. The developer is very ready to get started.”
The developers have already begun cleaning up the rundown lot located at Broadway and Dry Creek Road. The 77-acre site will become a 250,000 square foot commercial building with about 900 residential units are going to take its place.
According to the article, the west side will be oriented toward Broadway, with boutique shops in front, and medium-size boxes – like Kohl’s or a grocery store – behind. In the middle will be a park and two apartment buildings, limited to no more than four stories. Single-family homes will fill the east side, backing up to the existing residential neighborhood.
The additional shopping outlets are a great benefit to the city, since it is about a 30 minute drive to Denver. Up until now, the city has mostly been made up of little boutique shops and an ‘old town’ feel.
In addition, the city has agreed to pay for $819,000 in public improvements – like street lights and medians on Broadway and Dry Creek. Look for the new shopping and residential center to start construction soon.