19801 E MAINSTREET
About the Site
19801 E. Mainstreet was originally built by Douglas County Libraries and later housed Parker Water and Sanitation. P3 purchased the property in 2014 to redevelop this site to bring retail opportunities to the eastern end of Mainstreet. This site is prime real estate for a mixed-use development featuring small shops and restaurants on the ground floor with office or living space on upper floors.
By the Numbers
Property Information
39,204 SF
Site Area
$151,821
Estimated Annual TIF Revenue to P3
$109,654
Estimated Annual Sales Tax to Parker
Potential Development Space
36,000 SF
Residential Space
18,000 SF
Retail/ Restaurant
110 Spaces
Parking
Zoning
Greater Downtown Zoning District:
This district seeks to create a destination where the community comes together to live, work, shop and play. Development must also provide usable space and allow for easy orientation and convenient access to all visiting the area, no matter their mode of transportation.
The Market Analysis
A market analysis outlines what the economy will realistically support in the Town of Parker. The goal of the market analysis was to:
Analyzes market demands for specific community needs and identify the changing market demands and demographics
Inventory current business types, industries, and commercial spaces and analyze what works well
Conduct a financial analysis to see what kind of businesses the community can support
The identified uses for 19801 E. Mainstreet are:
Retail
Shopping, dining, and personal services for nearby residential areas, visitors, and Mainstreet workers can offer attractive downtown retail options. Examples of retail include art galleries, boutique shopping, cafes, and gift shops. Mainstreet retail uses are designed to be pedestrian-oriented and compatible with the scale of surrounding residential areas (i.e., no Big Box).
Professional Office
Professional office space is located on upper levels of multi-use buildings with mixed-use ground-floor retail and restaurant space on the ground floor. Professional office spaces bring people into downtown during the day, increase activity during current non-peak hours and provide sales tax revenue while also creating a lively daytime atmosphere. New office space trends include co-working and shared office environments, often incorporating small retail uses like cafes and coffee shops.
Downtown Living
Multi-family housing provides residential space for those who want to live in the downtown area. This residential space could be lofts or condos on the upper levels of multi-use buildings with ground floor shopping and dining options. Downtown living supports retail uses and encourages more local shopping and dining options for everyone.
Boutique Hotel
A boutique hotel is a small luxury hotel that is high priced and used by those visiting downtown for high-end events or business travel. Boutique hotels can also provide event space beneficial to a vibrant downtown and include other high-end features, including restaurants, bars, and even entertainment space.
Single-Use Restaurant, Brewery, or Distillery
Restaurant, brewery, and bar space are often located on a multi-use building on the ground floor level. A healthy level of daytime and nighttime business to an area best supports this establishment.
Amenities for this Site could Include:
Outdoor and rooftop dining spaces
Outdoor space with benches
Planters and greenery
Bike parking
Public Input
Over a six week period, we asked Council members, Parker residents, and Town employees what they wanted to see developed on this site in downtown Parker.
In-person sessions, community events, and online engagement through Let’s Talk Parker showed that most residents are aligned on what they want to see developed on this site.
Vision Plan for 19801 E. Mainstreet
After months of engagement, the Parker community can expect 19801 E. Mainstreet to be transformed into a multi-functional space in the next few years. This space will incorporate parking space and multi-use buildings that are ideal for downtown living, offices, and restaurants.
