Denver, CO, Feb. 11, 2016 – Etkin Johnson Real Estate Partners, Colorado’s leading commercial real estate developer, manager and investor, announced today it is acquiring 76.8 acres of vacant land at InterQuest, a high‐tech business park fronting Interstate 25 in northern Colorado Springs. The property’s strategic location, just east of the U.S. Air Force Academy, offers superior highway visibility and access as well as unobstructed views of nearby Pikes Peak. The site was purchased from Corporate Office
Properties Trust or (COPT) for $4.35 million.
Situated at the southeast corner of Interstate 25 and Interquest Parkway, the site is located at the epicenter of InterQuest, adjacent to office buildings, hotels, and key entertainment and retail at InterQuest Marketplace. This regional shopping center is located at the front door of Colorado Springs and provides north‐side consumers an updated alternative to the Chapel Hills/North Academy shopping district. Additionally, Great Wolf Resorts announced last summer it will transform the retail center’s unfinished Renaissance Hotel into a family‐style resort, which will open in late fall 2016 with a water
park, restaurants, children’s entertainment and meeting space. The resort expects to employ 400 to 500 full‐and part‐time workers.
Other neighboring properties have either experienced development in recent years or have near‐term projects slated. The increased activity in the area reflects the vibrancy of northern Colorado Springs’ rapidly growing submarket.
In addition to the recent land acquisition, Etkin Johnson owns and manages three office/flex properties in Colorado Springs, maintaining a presence in the region for more than 20 years.
“This is a particularly exciting opportunity to acquire bulk land with freeway frontage in a local market we’re already active in and familiar with,” said Derek Conn, director of finance at Etkin Johnson Real Estate Partners. Conn negotiated the transaction with Colorado Springs broker, Michael Payne Palmer of Quantum Commercial Group Inc. and Jim Capecelatro of Cushman & Wakefield Denver.
With significant infrastructure already in place, Etkin Johnson is planning a mixed‐use development project for the site, known as The Gateway at InterQuest, which will include a blend of apartments, office, neighborhood retail and hotels. The company plans to offer smaller pad sites for sale or build‐to-suit.
“Etkin Johnson is an ideal developer for this land, both in terms of their local efforts and the momentum it will bring to the northern submarket,” said Palmer. “They have an existing presence in Colorado Springs and a proven track record of successfully developing mixed‐use environments that attract residents, high‐tech companies and quality tenants.”
“This acquisition provides us the opportunity to utilize all of our core competencies as a long‐time, local investor in a market where substantial value can be created,” said Conn. “Our development plans will draw on the strengths of our more than 25‐year history in Colorado and will focus on creating a vibrant community in this fast‐growing area.”
About Etkin Johnson Real Estate Partners
Etkin Johnson Real Estate Partners is a Denver‐based development, investment, ownership and management company with a portfolio of more than 5 million square feet of office, hotel and industrial holdings worth in excess of $500 million.
Julesburg, Holyoke and Sterling host 2015 route
DENVER — Thursday, Sept. 17, 2015 — The fourth annual Denver Post Pedal The Plains Bicycle Tour will launch from Julesburg, Colorado for a three-day, 155 mile journey through eastern Colorado’s high plains.
From Sept. 18-20, participants will ride to stops in three host communities: Julesburg, Holyoke and Sterling. Off the bike, riders will enjoy live performances by the Flobots and Rapidgrass Quintet.
“After four great years, Pedal The Plains is the best way to experience communities on Colorado’s eastern plains,” said Hickenlooper. “We are always excited to saddle up with friends and family while visiting some incredible towns.”
The ride across Colorado’s eastern plains is a celebration of the state’s growing cycling culture, combining great rides, delicious eats and close friends. Billed as “a ride for the rest of us,” Pedal The Plains is set in the heart of western agriculture, home of the frontier spirit that inspires participants to keep pedaling.
For the first time ever, the Tour’s route will roll across the border into Nebraska. Riders will pedal away the weekend between entertainment and festivities, eat meals made with locally raised beef, pork and lamb as well as local produce and stay in accommodations ranging from tents to bed and breakfasts. Participants can enjoy their time off the bicycle seat as much as on it. From pie-eating contests to Odell Brewing Co. beer gardens to live music and games, Pedal The Plains has it all.
The Denver Post Community Foundation, which has managed the internationally renowned cycling event Ride The Rockies through 30 successful years, is also the organizer for this uniquely Colorado event.
“Our world-class team running Ride The Rockies has successfully built Pedal The Plains into an annual end-of-the-cycling-season bash not to be missed,” said Dean Singleton, Chairman of The Denver Post.
Pedal The Plains will provide numerous economic benefits and opportunities for host communities’ lodging, restaurant, retail businesses, as well as entertainment, community meals, home stays and transportation.
Established four years ago, Pedal The Plains is a celebration of Colorado’s agricultural roots and the state’s frontier heritage on the Eastern Plains. 1,000 cyclists are expected to take part in this year’s ride.
Proceeds from the ride will benefit The Denver Post Community Foundation in support of the Colorado Future Farmers of America Foundation and Colorado 4-H. Pedal The Plains and The Denver Post Community Foundation provide a $6,000 grant to both Colorado 4H and FFA, a $3,000 grant to each of the three host communities; the host communities then choose a local organization of their choice.
Viaero Wireless, the Tour’s presenting sponsor, is joined in supporting the ride by founding partners State of Colorado, Western Dairy Association, Anadarko Petroleum, Noble Energy and Suncor Energy.
“There is no greater day for a homegrown community business than one where we have a chance to give back,” said Frank Dirico, President, Viaero Wireless. “We are excited to help bring Pedal The Plains to the communities of Julesburg, Holyoke and Sterling.”
Pedal The Plains’ ride offerings include the 3-Day Tour, Century Ride and Family Fun Ride. Online registration is closed, but walk-on registration is available for all of the Tour’s ride offerings. Visit www.pedaltheplains.com for more information.
Gov. Hickenlooper announces $100 million commitment to Colorado’s biking infrastructure
DENVER — Wednesday, Sept. 16, 2015 — Gov. John Hickenlooper today announced the state’s commitment of more than $100 million over the next four years to enhance Colorado’s ability to become the best state to ride a bike.
“Our goal is to make Colorado the best state for biking in the country,” said Hickenlooper. “These investments will help fuel our economic growth and tourism industry, move us toward a cleaner environment and advance our goal of being the healthiest state in the nation.”
Colorado is often ranked the fittest state, and was recently ranked the most physically active state in the country. Even with these stats, Colorado has an obesity rate of more than 21 percent, up from 16 percent in 2004. In addition, a nationwide study found that kids are only spending 4-7 minutes outside in unstructured play every day, but are spending 7-10 hours a day staring at screens. Biking is one of the ways Colorado is aiming to change these stats.
The four year plan and $100 million budget will allow Colorado to add bicycle and pedestrian infrastructure, better understand and market the cycling industry and support awareness and education efforts to promote safety.
“We want to encourage riders of all shapes, sizes and abilities and make biking as safe and accessible as possible statewide,” said Ken Gart, Colorado’s bike czar. “With more than 5,000 miles of biking trails throughout the state, and events like Pedal The Plains and the USA Pro Challenge, Colorado is poised to take this lead.”
The Colorado Pedals Project, Bicycle Colorado, Great Outdoors Colorado, and many more are working with the Colorado Department of Transportation (CDOT), Office of Economic Development, Colorado Tourism Office, and other state agencies, to develop the overall strategy, distribute money, and accomplish shared goals.
CDOT is committed to spend at least 2.5 percent of its construction budget on bike and pedestrian programs including infrastructure.
“Coloradans have put a high priority on providing choice in how they get from A to B, whether for commuting or for recreation, and cycling for many is a key alternative," said Shailen Bhatt, executive director of the Colorado Department of Transportation. “At CDOT we believe that including cycling plans into road planning and construction will help us reduce congestion and contribute to solving the transportation challenges facing the Colorado."
Great Outdoors Colorado (GOCO) invests Lottery proceeds in Colorado's rivers, parks, open space, wildlife, and trails and has been the state's single largest funding source for trails.
“GOCO is excited to be a part of this new initiative and any opportunity to leverage funding to provide places for people to get outside from the backyard to the backcountry," said Lise Aangeenbrug, GOCO executive director.
Bicycle Colorado, one of the first statewide bicycle advocacy groups in the nation, and now the largest, encourages and promotes bicycling, increased safety, improved conditions and provides a voice for people who ride bicycles in Colorado.
“Bicycle Colorado is excited that more children, families and new cyclists will ride thanks to the improvements this funding will provide,” said Dan Grunig, Bicycle Colorado executive director. “Improved health and a stronger economy are other perks to come from this investment in better bicycling.”
Hickenlooper made the announcement at the Interbike Conference, the largest bicycle trade event in North America, bringing together manufacturers, retailers, industry advocates and media to conduct the business of cycling. He is the first governor to ever speak at the conference.
Great Outdoors Colorado (GOCO) invests a portion of Colorado Lottery proceeds to help preserve and enhance the state’s parks, trails, wildlife, rivers and open spaces. GOCO’s independent board awards competitive grants to local governments and land trusts, and makes investments through Colorado Parks and Wildlife. Created when voters approved a Constitutional Amendment in 1992, GOCO has since funded more than 4,500 projects in urban and rural areas in all 64 counties without any tax dollar support. For more information, visit goco.org.
About Bicycle Colorado
The mission of Bicycle Colorado, a 501(c)(3) nonprofit, is to encourage and promote bicycling, increase safety, improve conditions and provide a voice for bicyclists in Colorado. Incorporated in 1992, Bicycle Colorado has a sustained and successful history of protecting and improving access for bicyclists on Colorado roads, paths and trails. For more information, and to become a member, please visit bicyclecolorado.org.
The Colorado Springs Regional Business Alliance Military Affairs Council (MAC) and the Army invite you to Wear green and support Fort Carson!Keep-Carson-Strong_1-27-15.pdf
The Department of the Army is conducting a Supplemental Programmatic Environmental Assessment and is attending listening sessions across the U.S. Find out how you can support Fort Carson in this process on the Business Alliance website, or read more below. Read full news release.
A Supplemental Programmatic Environmental Assessment is necessary to meet the Army’s statutory obligations under the National Environmental Policy Act of 1969 (NEPA) (42 U.S.C. § 4321 et seq.) and to help inform stationing decisions and potential Congressional notification requirements under 10 U.S.C. § 993.To add perspective, after the 2001 terrorist attacks, the Army built up to 570,000 soldiers. By September 2015, that number will be reduced to 490,000. Due to budget constraints, a further reduction to 450,000 is expected, and sequestration — automatic budget cuts built into a budgeting bill a few years ago — could cause yet another cut to 420,000.
NEPA requires the Army to consider the environmental and socioeconomic impacts of its actions and proposed alternatives and to involve the public. The NEPA process provides Army decision-makers with information on the environmental and socioeconomic impact that may result from the realignment of Army units, to include the concerns of the public and stakeholder organizations. This analysis allows decision-makers to compare and contrast the environmental impact at sites proposed for unit restationing, force restructuring, and unit deactivations. The PEA process is also designed to inform the public of potential environmental and socioeconomic effects associated with the proposed action and to provide the public with an opportunity to provide feedback.
Environmental impacts associated with the implementation of the proposed action include impacts to air quality, cultural resources, biological resources, noise, soil erosion, wetlands, water resources, facilities, socioeconomics, energy demand, land use, hazardous materials and waste, and traffic and transportation.
While not required by law, the Army will conduct community listening sessions at the 30 installations that could potentially be affected by cuts. These sessions are designed to enable community members to provide their concerns and perspectives, and will help Army senior leaders to make informed, yet difficult, decisions regarding force structure changes. These are not question and answer sessions – we are there to hear the community’s voice, and we welcome anything participants have to say.
These listening sessions are in complete compliance with Federal Law, which specifically prohibits lobbying by Active Duty soldiers.
Today City Council, on second reading, approved the annexation of the property located at 3445 Marksheffel Road which is home to one of the largest global providers of products and services for the oil and gas industries, Weatherford International. Weatherford sought the annexation to enable Colorado Springs Utilities to provide new and upgraded utility service necessitated by an expansion of its existing facility. The annexation will further enhance Weatherford’s expansion and the hiring of 84 manufacturing employees.
“We are grateful to Weatherford for making this investment in our community and for adding 84 quality manufacturing jobs to the city. This is a great example of collaboration among Weatherford, Colorado Springs Utilities, City Planning, City Economic Vitality, City Planning Commission, and City Council," said Mayor Steve Bach.
Headquartered in Switzerland, Weatherford International is one of the largest global providers of products and services that span the drilling, evaluation, completion, production and intervention cycles of oil and natural gas wells. It operates in more than 100 countries across the globe and employs more than 58,000 people. Weatherford International has operated in the Pikes Peak region since 2001 to manufacture piping to serve the oil and gas industry.