Non Residential Construction Spending Projected to Increase Due to Strong Gains in Manufacturing and Retail

Construction spending on buildings is projected to increase just over nine percent this year and another six percent in 2023, according to a new report from the American Institute of Architects (AIA). While the outlook for the broader economy has become more uncertain, the prospects for construction spending have improved …


GH Phipps Receives Two Awards from the Associated General Contractors

GH Phipps has received two awards from the Associated General Contractors (AGC) during the organization’s recent annual Construction Safety Excellence Award (CSEA) event. GH Phipps earned the Construction Health and Safety Excellence Award (AGC & OSHA partnership) and the Colorado Stormwater Excellence Program Award, a public and private partnership to improve …


BMC Announce 10th Office Project in Cherry Creek North

BMC Investments (BMC) announced today its 10th project in Cherry Creek North, a new Class A office development with 90,000 square feet of office and 10,000 square feet of retail called Milwaukee Place. The new seven-story project will be built at 242 Milwaukee Street and BMC recently acquired the adjacent …


First Phase of CoorsTek Redevelopment Project Underway in Downtown Golden

The first phase of the large-scale mixed-use redevelopment of the CoorsTek manufacturing facility in downtown Golden began today. The new district, covering five city blocks, will be anchored by a new global headquarters for CoorsTek, Inc., and will account for approximately 1.25 million square feet of office, multifamily residential, placemaking retail, …

ArchitectureConstructionDevelopmentIndustrialLand SalesSustainability

PepsiCo Acquires 152 Acres for the Construction of 1.2M SQFT Manufacturing Facility

PepsiCo Beverages North America (PBNA) has acquired nearly 152 acres of land at the Denver High Point development area where it will build a state-of-the-art, 1.2 million-square-foot manufacturing facility that is set to be the largest, most sustainable PepsiCo Beverages North America plant in the U.S. PepsiCo purchased the site from Westside …


Denver Construction Costs Above National Average

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its midyear Quarterly Cost Report. The report provides an on-the-ground picture of construction activity in 14 key North American markets, including Denver, as well as data-driven insights into the industry for the second quarter of 2022. Like many …


Phoenix-Based ViaWest Group Enters Denver Market

Phoenix-based ViaWest Group, a full-service commercial real estate investment, development, and property management firm, will construct its first project in Denver, just north of downtown. The 134,400-square-foot Class A industrial facility will be named the Downtown Distribution Center. The building will be situated on 9.32 acres at 5601 Franklin Street and is …


New Residential High Rise Breaks Ground in Office-Heavy Tech Center

Today, project partners celebrated the groundbreaking of Araceli, a modern apartment community, at 4552 S. Ulster St. near the junction of I-25 and I-225 in the Denver Tech Center. The project is significant because of the lack of residential options in the neighborhood. The building solves a need for convenient housing …


Mortenson Celebrates 40 Years in Denver

Mortenson hit a big milestone this week, celebrating 40 years of building in Colorado. With headquarters in Denver, Mortenson has supported the development of some of the most iconic projects across the front range and has raised over $7 million for local nonprofits. The Denver team celebrated the 40th anniversary of the …


Carson Development to Add 1M SQFT of Retail to I-25 Corridor in Northern Colorado

Carson Development Inc., a family-owned company that specializes in multifamily and retail construction, is currently developing Ledge Rock Center, a 200-acre, master-planned, mixed-use community, on the southeast corner of Interstate 25 and State Highway 60 in Johnstown. Carson Development has hired CBRE to market the more than 1 million square feet …