MONTROSE, COLORADO (April 6, 2021) – Construction of 55,000 square feet of new showroom, warehouse, office, and distribution space at Colorado Outdoors officially began today. The project kickstarts what is expected to be several major commercial and residential projects for 2021 within the Colorado Outdoors Project (COP).
A mixed-use development, Colorado Outdoors will include new homes, apartments, businesses, and recreational amenities. According to Anderson Analytics, the project is anticipated to have over a $200 million impact on the local and regional economy.
With the recently completed recreation trail and a conservation-minded river restoration project, the area aims to be an economic catalyst to the region.
“These buildings each have 10 suites and are designed to be ‘flexible’ in nature,” said David Dragoo, the president of Colorado Outdoors. “A small business can lease one suite with the idea that the space can grow with the business.” Suites range from 2,700 square feet to 3,100 square feet, with large overhead doors for warehouse and distribution, noted Dragoo. Suites can be combined to create larger, contiguous spaces based on individual business needs.
The buildings are within the boundaries of the Montrose Urban Renewal Authority, or MURA. This public-private partnership established in 2016, requires local support of all property taxing authorities who pledge a portion of future property tax increment to fund site improvements and construction.
“The Montrose model for collaboration between private and public entities is highly respected across Colorado,” said Barbara Bynum, Mayor of the City of Montrose. “The city’s partnership in the project will help achieve many of the city’s goals such as expanded housing options, additional quality jobs, and recreational amenities that drive innovation,” added Bynum.
With a focus on attracting new businesses in the outdoor products industry, the COP is already home to brands like fly fishing companies Abel, Ross Reels and Airflo, and will include others such as Colorado Yurt and Wedge Brands, owners of Level Gloves, Elevenate Apparel, and Xcel Wetsuits.
Each building will run parallel to Mayfly Drive, and new users range from restaurants to office users, including warehouse and distribution. The buildings are expected to be completed by the end of the year. The architecture work was completed by Pinnacle Design, Inc. out of Phoenix, Arizona, and the general contractor is Shaw Construction out of Grand Junction.
“One of Shaw’s core values focuses on community,” says Ty Withee, Shaw’s Project Manager. “And as a longtime resident of Montrose, I’m thrilled to have the opportunity to help create jobs for the local subcontracting community.”
For information on the project, including leasing information, can be found at coloradooutdoors.co/flex
About Colorado Outdoors:
Colorado Outdoors is a 164-acre economic development project along the Uncompahgre River corridor. The project aims to attract outdoor-centric industries to Montrose and will also include river restoration, retail, residential and industrial development. More information can be found at ColoradoOutdoors.CO
About the City of Montrose:
The mission of the City of Montrose is promote the Montrose Lifestyle by providing innovative and service-oriented leadership for a vibrant community. The City is a Home Rule Municipality that is the county seat and the most populous municipality of Montrose County, Colorado. The city population was 19,132 at the 2010 United States Census. Montrose is located in western Colorado in the upper Uncompahgre Valley and is an economic, labor, and transportation waypoint for the surrounding recreation industry. More information can be found at cityofmontrose.org
About the Montrose Urban Renewal Authority:
The Montrose Urban Renewal Authority (MURA) was formed in late 2016 by a resolution of the Montrose City Council. MURA encompasses approximately 160 acres along the Uncompahgre River northwest of the downtown Montrose. Its leadership includes Brad Hughes – Montrose County, Tad Rowan, Chairman – Montrose Fire Protection District, Gayle Johnson – Montrose County School District, Special Districts Representative – Mark Plantz, Montrose City Council and Bill Bell, Executive Director. More information can be found at www.cityofmontrose.org