ARVADA – Trammell Crow Co. has sold a 2.09-acre pad site in Olde Town Arvada to a developer that plans to build a 128-room Residence Inn by Marriott there.

Madison, Wisconsin-based Raymond Management Co. purchased the development-ready site, which includes all grading, draining, utilities and landscaping necessary to begin vertical construction. It plans to break ground this fall for the hotel at the southeast corner of

Vance Street at 56th Avenue.

This development completes the planned retail and amenity portion of the transit-oriented

development Trammell Crow is building just south of Olde Town Arvada and the Olde Town

Transit Hub serving the Regional Transportation District’s Gold Line light rail service.

Trammell Crow was selected in 2014 by the City of Arvada, Arvada Urban Renewal Authority and RTD to develop the Olde Town Transit Hub, providing a parking garage, bus transfer and light rail station.  to service the community. When the Transit Hub and Gold Line opened n 2019, the two sites totaling eight acres at 56th Avenue and Wadsworth Boulevard were vacated and ready for development.

Last October,  High Street Residential, Trammell Crow’s multifamily subsidiary, broke

ground on The Residences at Olde Town Station, a 252-unit, four-story apartment

project on the northwest corner of 56th Avenue and Wadsworth Bypass.

In January, it began construction on The Shops at Olde Town Station at the southwest corner of 56th and Wadsworth. This 15,000-square-foot retail strip center already is fully leased to Snooze, an A.M. eatery; Smashburger; CAVA Mediterranean café; Everbowl acai bowls; and Parry’s Pizzeria and Taphouse. The Shops will open next spring, and the Residences project and the Residence Inn by Marriott are planned to  open by spring 2024.

Trammell Crow is 

TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world’s largest commercial real estate services and investment firm based on 2021 revenue.