DevelopmentEvents

Koelbel and Company Gifts $1M to Rocky Mountain Public Media

Rocky Mountain Public Media has received a $1 million gift from Koelbel and Company, a family-owned real estate development firm and supporter of community education and cultural organizations, to fund the Koelbel KUVO Studio in its new headquarters, the Buell Public Media Center in Denver’s Arapahoe Square. Rocky Mountain Public Media …

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DevelopmentRetail

Revolutionary Fitness Concept Makes Colorado Debut

The boutique fitness studio developed by celebrity trainer Anna Kaiser, AKT, will open their first Colorado location in early September at 2445 3rd Street, in the heart of Cherry Creek North. An additional location is also slated for end of the year in RiNo at LOT Twenty Eight, an adaptive reuse development in the heart of Denver’s …

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DevelopmentHospitalityRetail

Confluent Development Completes Raising Cane’s First Location in Colorado Springs

Confluent Development, a Denver-based real estate investment and development firm, has completed and sold its retail project featuring Raising Cane’s first location in Colorado Springs. The restaurant celebrated its grand opening in May and is a strong example of Confluent’s continued growth and expanding client roster of national brands. Serving as …

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AwardsConstructionDevelopmentHealthcare

ABC Awards Congressman Lamborn with Merit Shop Eagle Award

The Associated Builders and Contractors, Inc. Rocky Mountain Chapter (ABCRMC) awarded U.S. Representative for Colorado’s 5th congressional district, Doug Lamborn, with the ABC Merit Shop Eagle Award yesterday, at Pikes Peak Community College (PPCC). The ABC Merit Shop Eagle Award is given to congressional delegates that have an outstanding voting record …

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DevelopmentMultifamilyRetail

Local Developer Proposes Development on Westminster’s Last Remaining Parcel of Farmland

Local development company Oread Capital & Development — which acquires, develops, and operates best-in-class residential and mixed-use communities, primarily in the Denver and Boulder market areas — has proposed development for 230 acres between 88th Avenue, Federal Boulevard, Lowell Boulevard, and 82nd Avenue in Westminster, on the last remaining parcel of farmland …

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DesignDevelopmentLandscaping

Colorado Commercial Landscape Companies Combine

Metco Landscape (“Metco”), a portfolio company of Westhook Capital and leading provider of commercial landscape services in Colorado, has acquired PGM Inc., a premier provider of commercial landscape maintenance services in Colorado Springs. PGM’s Founder and President Dan Pohja will continue to lead PGM. Financial Terms of the transaction were …

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DIA
ConstructionDevelopment

DIA Ends Contract with Great Hall Partners

According to the Denver Post, DIA has fired Contractor Great Hall Partners. The $1.8 billion Great Hall renovation project has been severely delayed — a problem with weak concrete set back a significant portion of the project by several months. The 2021 completion date will no longer be met and the airport …

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ConstructionDevelopmentHealthcare

Vertix Building Fourth Project for SimonMed Imaging

With a niche for healthcare construction, Vertix Builders, a culture-focused construction company, is underway with the construction of a fourth project for SimonMed Imaging, a low cost, medical imaging company with locations across the nation. The newest project by Vertix is located in Littleton and contains MRI, CT and X-Ray imaging services. The project …

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DevelopmentMultifamilyReports

Absorption Totals Outpace Construction; Tight Labor Market Supports Workforce Housing

Multifamily demand remains strong despite tightened mortgage rates, according to Marcus & Millichap’s 3Q19 Multifamily Market Report. The Denver metro has one of the nation’s 10 largest affordability gaps between renting and owning, persuading many to choose apartment living rather than homeownership. There is an $880 difference between the average effective rental payment and …

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ArchitectureAwardsConstructionDevelopment

ENR Announces 2019 Colorado/Wyoming/Dakotas Best Projects Winners

ENR Mountain States recently announced the winners of its 2019 Best Projects competition across a seven-state region that includes Utah, Idaho, Montana, Colorado, Wyoming, North Dakota and South Dakota. A panel of 12 judges from all areas of the industry — architects, GC’s, green consultants, virtual designers and engineers — …

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