The development of properties adjacent to the Colorado River continues with a new townhome project just steps from the Riverfront Trail

Ray Rickard stands on one of the balconies with the Las Colonias Park Amphitheater in the background at the new Trail Edge townhome development along the edge of the Riverfront Trail. There will be 14 two- and three-story, two-bedroom homes when the development is finished, Rickard said.

A new townhome development adjacent to Kannah Creek's Edgewater Brewery could see some homeowners move in by the middle of May.

Construction has been ongoing at the new Trail Edge townhome development since August 2017, built right along the edge of the Riverfront Trail near the banks of Colorado River. There will be 14 two- and three-story, two-bedroom homes when the development is finished, co-owner and Realtor Ray Rickard said.

"I don't know any place in the valley where you can walk out and be on the trail," said Rickard, who is an agent for RE/MAX 4000.

The townhomes were previously on the market, but were pulled off since construction made the homes impossible to show. However, two still sold while the units were listed and the rest were scheduled to hit the market Friday. The first townhome is scheduled to close on May 10.

"It's been a war zone," Rickard said of the construction.

Prices range from $300,000 to $325,000 per unit. The higher priced units will be the ones with the better views from their rooftop decks. Views can range from seeing the Grand Mesa and the Las Colonias Park Amphitheater to the Bookcliffs and city lights for those who face north. Each unit will be 1,440 square feet.

There will be a homeowner's association involved as well, but Rickard said he is still in the process of exploring an agreement with a management company and creating a covenant for policies.

Construction will wrap up in phases with another building still to be built. A commercial project closer to Riverside Parkway will also soon break ground. That project could house up to four businesses with one set up for a coffee shop or eatery. That larger unit will be about 3,000 square feet and the remaining 6,600 square feet could handle various other retail possibilities.

"It's going to be nice," Rickard said.

Rickard and partner Bruce Milyard bought the land from Jim Jeffryes, who owns the Kannah Creek Brewing Company. Jeffryes said that he had explored a few options for the land, such as a warehouse for beer distribution or a multifamily, mixed use development.

In the end, he decided to spend his money on an expansion at the Edgewater Brewery to allow for more seating. He said he's glad to see the land put to use and to have some potential customers so close by.

"I hope they are thirsty and hungry," he said.

Construction project manager Steve Thompson said that the first unit will be done in time for the May 10 closing. He also noted that a few of the units will be ADA-friendly with a bedroom on the main floor. Those units will have two floors. Thompson said he sees the development being popular.

"It's a great time to be on the riverfront," he said.

Thompson added that while building three-story townhomes is interesting from a construction perspective, it's even more interesting to see the transformation of the riverfront from a once industrial area into a residential and mixed use site.

"It's the lifeblood of any area," Thompson said of the river. "Why not celebrate it?"

Recommended for you