Colorado-Real-Estate-Journal_398115

Page 8 - May 1-14, 2024 www.crej.com F rom the constructionof tene- ments in the 1800s to thehigh- rise steeland concrete luxury residential towersbuilt today, for-renthousinghas comea longway.Butone constant is the useofwood tobuild rentalhous- ing.Over theyears,architectsand engineershavepushed the limitsof whatwood cando,and theadoption of the 2015 InternationalBuilding Codeallows this to continue. Not everyone ishappy though. Therehasbeen some recentback- lashabout thenumberof four-and continueddemand forhousing,esca- lating construction pricesand theabil- ity toachieve even higherdensities under the recent IBC,wedon’tantic- ipate thenumber ofnewwood-frame buildingsadded to theDenver land- scapewilldimin- ish. Themost sig- ability todesignapodiumbuilding basedon theoverallbuildingheight. Podiumbuildingswillno longer be restricted toonlyone levelof podium structurebelow thepodium deck. This givesdesigners theability to designa seven-story,midrisebuild- ingwith five levelsofwood-frame constructionover two levelsof con- cretepodium –allabove grade.With thisadditionalabove-grade levelof concrete, the flexibilityandoppor- tunities to increasedensity, reduce costorbothbecomepossible. outof the ground to save the costof building subterranean,which is typi- cal in traditionalpodiumdesigns. Anotheroptionwouldbe to leave the subterraneanparking,which allowsanadditional levelof residen- tialunitswithin the concretepor- tionof the structure, thus increasing density.Bothoptionswill change how thedesignworldand residen- tialdevelopers lookat thepotential ofa site. When evaluatinganapartment site,adeveloper typically considers fourwood-frameapartmentdesigns: Photography©BradNicol The2015 InternationalBuildingCodeofferswood-frame construction theability todesignapodiumbuildingbasedon theoverallbuildingheight.Podiumbuildingswillno longerbe restricted to only one level of podium structure below the podium deck. October 2015 New wood-frame codes allow for more flexibility NathanSciarra, AIA Studio director, KTGYArchitecture + Planning,Denver 1536 Cole Blvd., Building 4, Suite 300, Lakewood, CO 80401 | 303-623-1148 | www.crej.com Jon Stern Publisher & Founder x 101 jstern@crej.com All rights reserved. No part of this publication may be stored, reproduced, or transmitted in any form or by any means without the publisher’s prior written permission. All contributed articles published in the Colorado Real Estate Journal represent solely the individual opinions of the writers, and not those of the Colorado Real Estate Journal. REPORT AN ERROR IMMEDIATELY (ISSN 1060-4383) Vol. 33 No. 9 www.crej.com EDITORIAL CONSULTANT: Jill Jamieson-Nichols PRODUCTION/GRAPHIC DESIGN: Heather Lewis ext.108 hlewis@crej.com CREJ CONFERENCE SERIES: Jon Stern ext.101 jstern@crej.com ADVERTISING: Lori Golightly ext.102 lgolightly@crej.com CUSTOMER SERVICE: Jolene Wollett ext.103 jwollett@crej.com EDITORIAL Avalon Jacka, Reporter Sales, Lease and New Development Projects: Office, Industrial, Multifamily, Retail, Health Care, Senior Housing, Hotel, Land Finance Transactions ext.107, ajacka@crej.com Kris Stern Associate Quarterlies Publisher: Office & Industrial Properties, Retail Properties, Multifamily Properties, Property Management, Health Care, Senior & Life Sciences Editor: Construction, Design & Engineering News; Property Management News; Who’s News; and Expert Articles, including Law, Accounting and Finance Publisher: Building Dialogue ext. 109, kostern@crej.com MARKETING Lori Golightly, Director of Client Services Advertising: Print & Digital Conferences: Exhibitor/Sponsor Information ext. 102, lgolightly@crej.com Industrial by Avalon Jacka CENTENNIAL – Centen- nial City Council unanimously approved a conditional use appli- cation for a site that will house a Tesla repair location. The application, filed by Hof- man Planning and Intergroup Architects, proposed the opera- tion of “heavy industry” use in conjunction with the existing “commercial warehousing” and “logistics” uses allowed for the site at 6951 S. Blackhawk St. and 13834 E. Briarwood Ave. Tesla will perform major auto repairs at the site, which is in the Encom- pass 150 business park, serving the local area and bringing 50 new jobs to the area, according to City Council records. Colliers’ T.J. Smith, Cody Shee- sley and Nick Rice represented park owner Central Develop- ment in the lease for the space. Tesla will occupy 40,000 square feet, according to City Council records. Tesla is backfilling a space that was previously occu- pied by Amazon, noted Central Development founder Jeremy Records. “It shows the quality of the park that both Amazon and Tesla have chosen us as a place of business,” Records said. Tenant improvements are need- ed prior to Tesla moving into the space. Records was unable to comment on an expected move- in date but noted that the opening date had been pending approval of the conditional use. Encompass 150 has a new, 73,000-sf building that is ready to lease. Central Development hopes to continue the momen- tum from the Tesla approval in leasing the new building, Records said. s Tesla wins conditional use approval for new repair shop by Avalon Jacka COLORADO SPRINGS – A Colorado Springs-based aero- space and medical developer and manufacturer has decid- ed to expand operations in its home market. Spectrum Advanced Manu- facturing Technologies Inc. will bring more than 100 new jobs to Colorado Springs with the expansion of its existing facility and the purchase of an adja- cent building. The expansion, which will bring Spectrum AMT’s space to 30,000 square feet, was prompted by “grow- ing demand … in the high- reliability electronics manufac- turing industry,” according to Spectrum AMT Chief Operat- ing Officer Jeff Gilbert. “We are deeply committed to not only supporting critical industries like aerospace and defense but also contributing meaningfully to the advance- ment of technologies that shape the future, from space explora- tion and scientific discovery to addressing global medical challenges,” Gilbert said. “We are proud to be part of an eco- system that fosters innovation and economic growth, and we are excited to continue play- ing a vital role in Colorado Springs, a community that has been instrumental in our con- tinued success.” Spectrum AMT creates products that are essential to advanced manufacturing and assembly, including ISO 9000 precision electric and assem- blies manufacturing. The com- pany is owned by Ocutrx Tech- nologies Inc., a developer of AR/XR medical device head- Spectrum AMT expands in Colorado, buys 2nd building Hofman Planning Tesla will be able to open a repair location in Centennial following Centennial City Council’s approval of a conditional use application for a site at Encompass 150 business park. Please see Spectrum, Page 10 Meyer Innovations Spectrum AMT’s expansion will bring its existing facility at 3855 Interpark Drive to 30,000 square feet. Spectrum AMT also purchased the 12,000-sf facility next door for additional cleanroom manufacturing space.