Fall Real Estate Conference 2013 - Patterson
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Fall Real Estate Conference 2013 - Patterson

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  • In September Exempla hospital opened a new 4-story 87,000 sf Comprehensive Cancer Center. <br /> The 1st 2-floors will house the cancer center and the upper 2-floors will house other medical offices. At full occupancy this should add another 100 employees to the healthcare campus. <br /> Very interesting project in that we created an Air Estate. The 3rd and 4th floors are basically a separate lot from the land, the 1st and 2nd floors and the roof. <br /> In addition to this development, Ball Aerospace recently leased almost 42,000 square feet in the Lafayette Corporate Campus Center located immediately south of Exempla and relocated 150 employees to this location. <br />
  • As part of the SoLa development north of the Exempla, Council just approved the Mainstreet-Azura Skilled Nursing Facility. <br /> This 69,000 square foot facility will include 70 skilled nursing beds and 30 assisted living units. Construction will begin in early 2014. <br />
  • Two new professional office buildings are currently under construction in the Creekside Office Center off So. Public Road on Old Laramie Trail. <br /> North of this site on So. Public Road, Council recently approved a plan for a 31,000 gymnastics facility, which should begin construction in early 2014. <br />
  • Council recently approved a redevelopment plan for the old Coal Creek Sports Center, which is located in the SE corner of Hwy 287 and So. Boulder Road. <br /> Phase I of the redevelopment includes the development of 2 multi-tenant and 2 single-tenant retail pads around the existing building. <br /> Phase II will include the remodeling of the existing store front. <br />
  • In 2012, JAX Mercantile purchased the 93,000 sf Plaza Lafayette shopping center on So. Boulder Road, renamed it Lafayette Marketplace. <br /> In early 2013 JAX and opened their 6th store in Colorado and their 2nd store in Lafayette, JAX Ranch and Home. <br /> This store occupies 45,000 sf of the center and the remaining area is fully occupied by a number retailers including new retailers such as The Pantry Shoppe, The Unseen Bean coffee shop, The Cottage Home, Juliana’s Bakery, a number of restaurants, and a home brewing shop. <br />
  • Speaking of brewing, Lafayette is now part of the local micro-brewing industry. <br /> We’ve opened two local micro-breweries; Old 13 opened in Old Town on Simpson Street and Front Range Brewing opened in the renovated Lafayette Marketplace shopping center. <br /> The Post Brewing Company is scheduled to open in late December or early 2014. <br />
  • The Post Brewing Company purchased the old VFW building on Emma Street and they are in the process of converting the 8,000 sf building into our1st official brew pub. <br /> The company is owned by Big Red F, which owns and operates a number of area restaurants such as Jax Fish House, West End Tavern, Zolo Grill and others. <br />
  • We are working on a number of projects in our downtown, one of which is the redevelopment of the old La Familia building on Public Road. <br /> Our goal is to return the building to its orignial, historical architecture. <br />
  • On the residential front, we opened Affinity @ Lafayette, a 120-unit active senior apartment complex located on Baseline Road near the intersection of Hwy 287. <br />
  • In 2012, Boulder County Housing Authority completed Phase I of the Josephine Commons development with the opening of the 70-unit affordable senior apartment complex, seen here in the background. <br /> Phase II, which is the remaining 80 affordable duplex and townhome units are currently under construction. <br /> This project is located near the intersection of Baseline Road / Hwy 7 and 119th Street. <br />
  • We have a number of other residential projects: <br /> Indian Peaks South – McStain – 302 units approved – 32% permitted to date <br /> Silver Creek – Meritage Homes – 181 units approved – 36% permitted to date <br /> Coal Creek Village and CCVN – BMB Blders and Ryland Homes – 423 units approved – 69% permitted to date <br /> Trails at Coal Creek – 315 units proposed – Sketch Plan only <br /> Prasanna – 240 apartments approved <br />

Fall Real Estate Conference 2013 - Patterson Fall Real Estate Conference 2013 - Patterson Presentation Transcript

  • 2013 DEVELOPMENT UPDATE