Work begins on new commercial development in Gunnison
Construction has started on the first new commercial development in Gunnison in years.
Denver-based Drake Real Estate Services recently acquired a 4.8-acre site fronting State Highway 135 and accessible from Van Tuyl Circle where it is developing the Blue Mesa Shopping Center.
The Blue Mesa Shopping Center will comprise approximately 40,000 square feet and be anchored by Tractor Supply Co. on one of the four pad sites that make up the development.
“It’s huge for Gun…
Black Hawk development site sells for $7.5m
A roughly 45-acre site that could potentially accommodate more than 1 million square feet of development, recently sold in Black Hawk for more than $7 million.
Jacobs Entertainment, through Black Hawk/Jacobs Entertainment LLC, acquired the property, locally referred to as the “Dakota/Black Hawk site,” which comprises 2.23 acres of casino land, including 40,788 square feet specifically zoned for gaming, and 43 acres of additional land.
“We saw a good opportunity…
GSA, design-build partners balance sustainability, history
After nearly two years of construction, work is complete on what is slated to be the U.S. General Services Administration’s first site net-zero energy building on the National Register.
The GSA recently rededicated the 95-year-old Wayne N. Aspinall Federal Building and U.S. Courthouse at 400 Rood Ave. in Grand Junction.
The $15 million project, financed with American Recovery and Reinvestment Act funding, is designed not only to be the GSA’s first site net-zero energ…
River Run apartments sell for $17 million
The only 100 percent market-rate apartment community in the Vail Valley traded in a $17 million deal.
A Texas-based real estate investment group purchased the River Run apartment property for $17 million after a $400,000 credit to the buyer at closing, which represents a price per unit of $145,299 and a price per square foot of $146.17.
“River Run is made up of 117 units and has a condo map already in place. The buyer intends on maintaining this as apartments for the time …
Construction starts on workforce housing in Grand Junction
A much-needed workforce housing community is just months away from helping meet the demand for affordable apartments in Grand Junction.
The Grand Junction Housing Authority is developing the Village Park Apartments, a two-phased 132-unit community at 28th ¼ and Patterson roads.
The initial, 72-unit first phase is slated to deliver its first units in July with completion by Halloween.
Read more in the January 2 issue of the Colorado Real Estate Journal.
Hyder Construction completes Elk Camp restaurant
After two summer building seasons, Hyder Construction has completed the new Elk Camp restaurant in Aspen.
The restaurant, constructed for Aspen Skiing Co., opened in time for the resort’s 2012-2013 season. Elk Camp is design to capitalize on the views that can be seen from all three sides of the building, which sits at 9,970 feet above sea level.
CCY Architects of Basalt designed the contemporary structure, which features a vast area of windows, large timbers, metal siding…
Evergreen's Elk Bridge Center sells
An Evergreen-based investor acquired a local mixed-use property steeped in synergy.
Evergreen Investors LLC paid $2.95 million for Elk Bridge Center, a two-story, 20,633-square-foot office and retail property.
“It will be a nice investment for the group,” John Becker of Fuller Western Real Estate said of the buyer, noting its local sponsorship recognized the quality of the asset, which was built in 1999.
“Elk Bridge has a good tenant mix with a good synergy fo…
Mount Crested Butte landmark sells
A Mount Crested Butte landmark sold to a local buyer for nearly $3 million.
Nordic Inn LLC purchased The Nordic Inn, a 28-unit lodge at 14, 16, 18, 22 and 24 Treasury Road, where it is upgrading “virtually everything.”
“The new owners will be good stewards of the property,” commented Jerry Jones of Prudential Commercial Real Estate. “A lot of people were interested in the property but there was no one like the buyer; a local individual who knows the…
Fierce competition in sale of grocery-anchored center
The competition was fierce for an asset type that doesn’t often fall into foreclosure.
Multiple buyers bid on Conifer Town Center, a 107,451-square-foot, six-building, Safeway-anchored shopping center in Conifer that ultimately sold to a Dallas-based buyer for $13.13 million, according to CoStar.
T Conifer Retail LLC, an affiliate of Dallas-based Tabani Group Inc., purchased the Safeway-anchored center at 27102-27182 Main St.
Shaw Construction starts work on Aspen campus
Shaw Construction recently started work on the $23 million Castle Creek campus.
The work, which is slated for completion in September, for owner AMFS/ACDS comprises the redevelopment of the 22-acres Castle Creek campus in Aspen. The redevelopment is a joint initiative of the Aspen Music Festival and School and Aspen Country Day School to provide facility for the both the renowned music festival and the independent, prekindergarten through eighth-grade school. Read more in the upc…
Grand Junction to use new media to promote Mesa County
The Grand Junction Economic Partnership is taking a new tack to advertising the Grand Valley.
GJEP compiled footage received from its Outdoor Video Contest into a showcase video filled with activities taking place in the Grand Valley. Local band Exit 42 granted use of its original song, Colorado Home, to be the music background to the film. Read more in the Oct. 3 issue of the Colorado Real Estate Journal.
Breckenridge looks to a variety of green initiatives
Things are looking green in Breckenridge.
And it’s only getting greener.
The town has a number of green initiatives under way and another in the works, all designed to improve the mountain town’s sustainability.
Half a year after its completion, a seven-site solar array distributed throughout Breckenridge is performing at an average of 10 percent above expectations since their commissioning in January, while the SustainablBreck Business Program has been eagerly embr…
Construction starts on Aspen Art Museum
Aspen’s new art museum is taking shape.
Construction started this month on the new 30,000-square-foot Aspen Art Museum, which will replace a 9,000-sf converted historic hydroelectric plant outside the center of town the museum has occupied for the last 30 years.
Turner Construction Co., in conjunction with Summit Construction, are building the new museum located at the corner of East Hyman Avenue and South Spring Street in downtown Aspen, which will features 12,500 sf of e…
USPS building for sale in Glenwood Springs
The only high-quality manufacturing grade building in the Roaring Fork Valley is on the market.
The United States Postal Service’s former mail distribution center at 195 Center Drive, at the northwest corner of Storm King Road and Center Drive, in Glenwood Springs is for sale for $2.19 million - a price that is less than half of replacement cost, noted Craig Rathbun, CCIM, president/managing partner of The Fleisher Co. Read more in the Sept. 19 issue of the Colorado Real Es…
Work starts on 'distinctive' Steamboat Springs community
A distinctive senior housing and health care facility is under way in Steamboat Springs and designed to be a model for development for all future resort and isolated communities around the country.
Construction recently started on Casey’s Pond Senior Community, a 117,487-square-foot facility comprising 144 units of three progressive levels of care.
“We believe this will be the model for future resort and isolated communities senior housing design around the country,&…
Avon mixed-use property scooped up by investment group
Local investment group Avon Mountain Center LLC paid $9.8 million for a mixed-use property in the heart of the Vail Valley.
Avon Mountain Center LLC purchased the Mountain Center of Avon, an 80,000-square-foot office/flex/self-storage building at 910 Nottingham Road in Avon in a cash-flow play, according to transaction broker Mike Pearson of NAI Mountain Commercial. Read more in the current issue of the Colorado Real Estate Journal.