On Jan. 18, the Partnering for Parker’s Progress (P3) Board approved an Exclusive Negotiation Agreement (ENA) with Confluence Companies for the potential development of the My Mainstreet parcels.
The preliminary goals of the ENA are to evaluate the feasibility of potential development and guide discussions for master planning of five under-utilized and vacant properties located on Mainstreet in Parker's core downtown area. Four of the properties are owned by the Town of Parker, with the fifth owned by P3. The ENA grants Confluence Companies a 90-day exclusivity period to conduct site due diligence, study development feasibility and develop concept plans. During this exclusivity period, the My Mainstreet parcels will not be listed for sale nor will the Town of Parker or P3 have discussions with any firm regarding the development of the properties.
My Mainstreet Project Background
Mainstreet is the gem of Parker, home to restaurants, artisan coffee shops, culture, public parks and more. In 2018, P3 took the lead on engaging the community to provide feedback about how to best develop four different properties owned by the Town of Parker and P3 downtown. The My Mainstreet project culminated with the release of the Strategic Framework: A Blueprint to Community Supported Development, a guide for the future of these sites.
About P3 Parker/Parker Authority for Reinvestment
Legally known as the Parker Authority for Reinvestment (PAR), the Town of Parker’s urban renewal authority has now evolved in both name and initiative. P3 is enhancing Parker through investment and collaboration. P3 is a true partner that is committed to defining and accomplishing public and private goals that improve the Parker community. www.p3parker.com
About the Town of Parker
Located 20 miles south of Denver and home to more than 60,000 residents, the Town of Parker offers the perfect balance of a full-service community with a hometown feel. A community that is highly rated for safety, Parker provides an unmatched quality of life, spectacular parks and recreation amenities, a great business mix, world-class cultural facilities, and a wide variety of community events. To find out more about our community, visit www.ParkerOnline.org.
About Confluence Companies
Confluence Companies is a unique fully integrated development, construction, and property management company in Colorado that focuses on longer term projects. Confluence has a broad portfolio of downtown and mixed-use developments throughout the Denver Metro region, a strong track record in public-private partnerships, and creating exceptional places that fit into the fabric of a community.