New year brings new commercial potential
The Canyon View Medical Plaza is nearing completion, which should spur other services along G Road, where there are quite a few industrial sites and commercial spaces to the west, but very few places to go grab a cup of coffee.
There is also plenty of vacant, available land for sale to those who have the vision to see businesses that would complement the new medical offices.
The individual suites and office in the new medical plaza won’t be finished until February and March, when the various medical offices — which are also partners in the building — will move into new spaces. Construction started on the multi-million dollar facility in December 2012, and the plaza will hold a grand opening in April, when the offices and suites are complete and all partners are ready to welcome the community to their new facilities.
“We are trying to put to put a development plan together for the land,” said Dale Beede, commercial broker with Coldwell Banker Prime Properties. “Things are happening at a very slow pace.”
Beede expects to see a few more investor sales in 2014 and thinks Grand Junction has caught the attention of several casual food companies that are looking to expand from Denver to the Western Slope.
Anyone driving on 24 Road near Mesa Mall may be curious about the construction taking place on the east side of 24 Road near F 1/4. MRV Companies, a real estate development company out of Topeka, Kan., has built and retains ownership of several commercial properties in Grand Junction and is building Value Place, an extended-stay 124-room hotel at the location off 24 Road. The company plans to have the hotel open by the summer of 2014.
North Avenue will soon be welcoming a new retail store at Eastgate Shopping Center, according to leasing agent, Sid Squirrel. Sears Outlet Store is currently remodeling the space formerly occupied by City Market, with plans to open in late February. The store will carry appliances, lawn and garden equipment, sporting goods and other household goods and will be a welcome addition to those who live in the the center and east of town and don’t want to drive all the way to the west of town, where so much of the new development and retail areas are expanding.
It’s also a boon to North Avenue, which has experienced some decline in recent years as new shopping areas sprang up along Highway 6 & 50 near Mesa Mall, attracting both new retailers and luring at least one big North Avenue retailer, Hobby Lobby, farther west in 2011. The street seems to be staging a comeback.
“In my opinion, North Avenue is a nice street from one end to the other,” said Mario Paul, who recently opened a Grand Junction branch of TPM Staffing across the street from Eastgate Shopping Center, in Solarus Square. Paul relocated from the Denver metro area and has fresh memories of Colfax to contrast with his current location. “It’s been like a vacation to have an office on North Avenue.”
Paul opened the Grand Junction office in the summer of 2013 and currently has about 40 people out working on any given day.
The end of the year brought a lull to much of the commercial activity, but many commercial brokers have expectations that 2014 will be a year of increased interest in the Grand Valley from outside investors.