E-470 Public Highway Authority Seeks Partners to Redevelop Four Prime Sites
The E-470 Public Highway Authority, a toll highway on the eastern portion of the Denver Metropolitan Area, has released a Request for Proposals (RFP) to invite the private sector to commercially develop four highly-visible sites with each site consisting of a northbound and southbound parcel. The public-private partnership would be implemented under a long-term ground lease agreement.
Totaling more than 36 acres, the land and existing buildings were formerly used for cash toll collection until 2009 when E-470 became one of the first toll systems in the nation to convert to a non-stop, cashless system. The portfolio of sites is immediately adjacent to and solely accessible from the highway and consists of land and buildings.
“‘We improve your journey’ is the motto of E-470, and the board believes that redeveloping four former toll plaza properties perfectly aligns with that vision for E-470 customers,” said E-470 Executive Director Tim Stewart, regarding the solicitation.
“While our customers will always need quick access to food, fuel, restrooms, and a place to safely wait out inclement weather, the envisioned E-470 Service Plazas can be so much more for Coloradans and our out-of-state guests.”
In addition to traditional Service Plazas, any viable commercial services concepts are welcomed and may include hotels, traditional retail stores, walk-up/drive-thru coffee kiosks, delivery-only restaurants (“ghost kitchens”), co-working spaces, distribution centers, and e-commerce parcel delivery lockers.
Well-qualified companies are invited to propose per the RFP process. A pre-proposal meeting is scheduled for Thursday, September 19, 2019 at 1:30 p.m. at the E-470 Public Highway Authority Headquarters, 22470 E. Stephen D. Hogan Parkway, Suite 100, Aurora.
Photos courtesy of E-470