Tides are turning with increased commercial and residential activity in Northwest

Northwest

This new Asian restaurant, Ginger, should open within the next month or two in the northwest area on Patterson Road near Highway 6 & 50. The owners also own the popular Chin Chin restaurant in Clifton.



060417_REW_NW_Ginger

This new Asian restaurant, Ginger, should open within the next month or two in the northwest area on Patterson Road near Highway 6 & 50. The owners also own the popular Chin Chin restaurant in Clifton.

Lot sales have been brisk at Christopher Estates, an 18-lot subdivision off 20 Road. Priscilla Studt, who is selling the lots, hopes to have another subdivision, Rosebud Estates, available later this summer.



060417_REW_NW_ChristopherEstates

Lot sales have been brisk at Christopher Estates, an 18-lot subdivision off 20 Road. Priscilla Studt, who is selling the lots, hopes to have another subdivision, Rosebud Estates, available later this summer.

LIke many other buildings in the northwest part of town, this building, Park Place, at 2350 G Road, has been vacant for some time. Ray Rickard, the leasing agent for the property is in negotiations with several prospective tenants for the property and feels confident that someone will call it home soon.



060417_REW_NW_ParkPlace

LIke many other buildings in the northwest part of town, this building, Park Place, at 2350 G Road, has been vacant for some time. Ray Rickard, the leasing agent for the property is in negotiations with several prospective tenants for the property and feels confident that someone will call it home soon.

The new owners of the West Gate Inn invited the owners of Roosters to open a third location of the popular breakfast and lunch casual dining restaurant at the motel. They appreciated the quality of the food and liked the kid and family-friendly environment at all the Roosters locations.



060417_REW_NW_Roosters

The new owners of the West Gate Inn invited the owners of Roosters to open a third location of the popular breakfast and lunch casual dining restaurant at the motel. They appreciated the quality of the food and liked the kid and family-friendly environment at all the Roosters locations.

Smith Estates, a residential development of 36 lots, is currently in final planning stages with the county. Infrastructure construction could begin sometime later this summer.



060417_REW_NW_SmithEstates

Smith Estates, a residential development of 36 lots, is currently in final planning stages with the county. Infrastructure construction could begin sometime later this summer.

The northwest area was hit hard by the downturn in the economy, with a lot of companies that occupied space in the commercial and industrial areas moving out, and a lot of expensive homes that stayed on the market longer than entry level homes.
The tide seems to be slowly turning in the area, especially on the commercial real estate side. Many of the buildings that have been vacant for years are selling or leasing, and brokers are busy negotiating other deals.
“It’s mostly people moving around,” said Theresa Englbrecht with Bray Commercial, who added that she arranged a five-year lease with a Denver business owners on an industrial property in the northwest, and is closing on another big property in the northwest next week. She’s anticipating getting two additional listings soon, and has already had people approach her who are interested in the properties.
“Folks who are here are expanding,” Englbrecht said. “No one is reducing.”
Such was the case with the recent deal brokered by Englbrecht and Ray Rickard with RE/MAX 4000 for FHE in Fruita. Rickard was working with Nick Snoke, president of the Fruita manufacturer, which already occupies a 70,000 square foot building on Cipolla Road in Fruita.
“We’re busting at the seams,” Snoke said about the Fruita location. FHE builds equipment for the oil and gas industry, specifically for the wireline process. “The equipment we manufacture goes all over the country. In the 10 years that we’ve been in business, we’ve grown our customer base and have become very busy.”
When times were especially slow a few years ago, engineers at FHE developed a new product, RigLock, which speeds up the process of connecting equipment to the wellhead, while increasing safety, due to the remote hydraulic actuation.
“It makes operations much safer,” Snoke said. “This produce has been very well received. We’ve had a lot of customers reach out and purchase it for the safety aspect, and we needed more room for manufacturing.”
Because FHE is happy with its Fruita location, it wasn’t interested in moving its entire operations, but Snoke was equally happy with the nearby location on Scarlett Drive. The company is moving part of its operations to the new location this weekend.
“It’s 10 minutes from door to door,” Snoke said. “We’re going to share a lot of resources.”
FHE has about 80 employees total, with about 70 of them here at the headquarters in the Grand Valley. According to Snoke, the company has hired 20 people just within the last month.
The West Gate Inn, a longtime hotel in the northwest area near the 22 Road/I 70 interchange, changed hands in December. New owners Lisa and Scott Mauser, along with Lisa’s brother, Eric Johnson, are remodeling the motel and have plans to become part of the Red Roof Inn chain, once remodeling is complete in the fall.
“The motel needed new energy,” said Lisa, emphasizing that the partners are excited by the challenge and opportunity to work together as a family. Although construction is ongoing, the motel has 46 rooms open this summer.
The partners approached the owners of Roosters to invite them to open a third location at the motel.
“They’re a great fit for our motel,” Lisa said. “We serve continental breakfast, and they serve lunch and dinner. They’re kid and family-friendly.”
Although the partners hoped to be able to complete renovations before the busy summer season, construction costs came in a little higher than expected, and contractors were busier than anticipated.
Contractors should continue to be busy in the northwest area, as new subdivisions are working their way through the planning process.
“We hope to come online within the next month or two,” said Robert Jones with Vortex Engineering, which represents Smith Estates, a 30-lot subdivision near 23 and J Road. The subdivision will feature 36 new, one-acre lots, along with two storm water ponds and walking trails around the perimeter. The entire property is 204 acres, but only 58 acres will be developed as part of the housing project. The remaining are set aside as preserved lots and they will continue to be farmed.
Jones hope to begin infrastructure construction on the project within the next four to six weeks. Prices have yet to be determined for the lots, and the owners haven’t chosen a real estate agent to represent them yet.
Priscilla Studt is also working with the county on a new subdivision on 21 1/2 Road, Rosebud Estates, which will have a total of 12 lots. Infrastructure construction is underway, but prices aren’t set yet.
“People love the northwest,” said Studt, who has been pleasantly surprised by lots sales at another development, Christopher Estates, off 20 Road near J Road. “The lots have sold really well.”
Studt began selling lots in September, and has only five remaining. There are currently three homes under construction in the 18-lot subdivision, where prices have ranged between $115,000 to $118,500.
Other residential developments are in early planning stages and other commercial deals in the northwest are in serious negotiations.
“There’s a good variety of business,” Rickard said, “not just one segment.”





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