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 the building’s sole tenant, Raising Cane’s occupies a 3,067-square-foot stand-alone development at 7585 N. Academy Boulevard. The project broke ground in late 2018 and marks the seventh location in Colorado for the Louisiana-based restaurant company.
Located within the North Academy retail corridor near the north entrance of the United States Air Force Academy, the restaurant features indoor seating, an outdoor patio and a drive-thru.
Upon the retail project’s successful completion in spring 2019, Confluent Development sold the property in July 2019. Targeting the robust growth within the city’s northern market, this development represents Confluent’s eleventh investment in Colorado Springs having delivered projects for several leading brands including Starbucks, 7-Eleven and MorningStar Senior Living.
Raising Cane’s represents Confluent Development’s second venture in the retail complex, having completed the adjacent 8,265-square-foot multi-tenant development last fall. The retail development houses Colorado-born leader in all day breakfast and brunch, Snooze, an A.M. Eatery, as well as Bishops Cuts/Color barbershop salon.
“Our team takes pride in the continued growth of our retail development platform and our expanding client roster of national brands,” said Marshall Burton, president and CEO of Confluent Development. “Serving as a partner in Raising Cane’s entrance into the Colorado Springs market is a true accomplishment for our firm. The successful sale of the property within months of the project completion is a testament to the strength of our retail portfolio.”
PM Design Group, Inc. served as the architect on the project with Embree Construction Group as the general contractor and Kimley-Horn as the civil engineer.
