Colorado-Real-Estate-Journal_418692

September 4-17, 2024 - Page 31 www.crej.com for Energize Denver compliance only requires purchased electric- ity, unlike Colorado BPS, which mandates bundled RECs. In conclusion, off-site solar presents a viable pathway for Colorado building owners to cost-effectively navigate evolv- ing energy standards and sup- port environmental efforts. By leveraging programs like those offered by a firm such as ours and utilities such as Xcel Energy and Black Hills Energy, stake- holders can not only meet com- pliance requirements but also contribute significantly to state- wide sustainability goals. As the landscape of energy regulation continues to evolve, off-site solar stands out as a flexible and effec- tive solution to drive toward a cleaner and more resilient ener- gy future in Colorado. s eleanor@cloudbreakenergy.com 1 “Colorado’s Building Performance Program.” Colorado Energy Office, https://energyoffice.colorado.gov 2 “Energize Denver Hub - Existing Buildings.” City of Denver Website, https://www.denvergov.org Zwart Continued from Page 30 development. Royal Oak Co. is under contract for another portion of the original site that will be home to the remain- ing 27 townhomes. Loftus and Mapleton completed The Shops at Ralston Creek as part of the mixed-use development in 2017. The mixed-use devel- opment’s remaining retail space includes a beer garden adjacent to Ralston Commons, currently under development by City Street Investors. “It's been a long road,” said J. Drever, Mapleton Asset Management principal. “We've had a lot of false starts and some difficulties that we ran into, but we've worked through them, and we're pret- ty excited about the project.” “It’s going to be a great asset to the Arvada community from what we started with: a vacant Safeway and a blight- ed shopping area,” Drev- er added. “So, we’re really excited to be moving forward despite COVID, and interest rates and construction costs have gone through the roof, but we were able to persevere, and we’re moving dirt.” Ralston Commons features a 3 -story row-house design with raised stoops and under- building parking. Community amenities will include a third- story clubhouse with views of downtown Denver and the Front Range, a raised-deck pool, a fitness center, a bike maintenance facility, a pet wash and shared workspaces. The community is adjacent to Ralston Central Park, a new 20-acre park with a splash pad, and backs up to Ralston Creek and Trail system with access to 230 miles of trails and bike paths. The property has access to two light-rail stops located within 2 miles. Interstate 70 is accessible via a short drive on Kipling Park- way, providing connectivity to the greater Denver metro area. “We continue to see a need in the Arvada market for mul- tifamily, and we feel like this project is unique in the fact that it's only 200 units versus some of the larger projects going in,” Drever said. “We consider this more of a bou- tique-type multifamily proj- ect, and we've designed it in that fashion.” SAR+ is serving as the archi- tect for Ralston Commons, and B.C. Builders is serving as the general contractor. Financ- ing from Strathcona was arranged by Walker & Dun- lop. Property manager Avanti Residential will lease and manage Ralston Commons. s Mapleton Continued from Page 12 tures 91,014 sf of residential space and 7,551 sf of amenity space, including a roof lounge and ter- race with views of downtown and the mountains, coworking spaces, a modern fitness center, a pet wash, and a bike storage and bike wash. The project is situated directly across from the 41st & Fox transit station, which is one stop from Union Station. “The need is high for a com- muter-friendly community that caters to the young profession- al,” Sciarra said. “Smaller units and dynamic amenities make Iota Fox Station affordable by design, something needed in the market.” The all-electric building exceeds the National Green Building Gold standards. Inspired by the neighborhood’s industrial and rail yard history, the building’s design incorpo- rates a simple façade and creates a clean aesthetic by enveloping the podium in “enduring” mate- rials, a statement from KTGY said. “The vision for this area was created through community input and transit-oriented devel- opment principles and provided the basis for five primary goals of the area, which include: improv- ing pedestrian connections to the station, creating opportunities to add more housing, jobs and services, incorporating plazas, parks and open space, capital- izing on the station area’s prox- imity to downtown and location on the Gold Line and Northwest Rail corridors, and balancing the needs of new development and existing uses,” Sciarra added. Katy Jankowski of Boutique Apartments is the property manager for Iota Fox Station. Additional engineering firms involved in the project include Jordan Skala serving as MEP, Harris Kocher Smith serving as civil engineer, and Rago Enter- prises serving as structural engi- neer. s Iota Continued from Page 12 Interstate 25 makes this a corner with limitless future potential,” Palmer said. The property’s location falls under Fort Collins’ Down- town District zoning code; development standards of the district “are intended to encourage a mix of activity in the area while providing for high-quality develop- ment that maintains a sense of history, human scale, and pedestrian-oriented charac- ter,” according to the city’s land use code. Lucky’s Market is based in Boulder, with a traditional grocery store, a bakery and a café in its hometown. The Fort Collins store is the brand’s only other location. The acquisition brings NewMark Merrill’s owned or managed portfolio to 13 centers totaling more than 1 million sf in Colorado under NewMark Merrill’s Mountain States division. The company owns or manages more than 100 shopping centers valued at more than $3 billion in Cali- fornia, Colorado and Illinois. The firm is working to invest approximately $25 million in 1031 exchange equity in the coming months and is active- ly seeking immediate invest- ment opportunities up to $75 million in California, Illinois, Colorado and Utah, a state- ment from NewMark Merrill said. s Lucky's Continued from Page 17 is expected to be delivered in first-quarter 2025. Northern Colorado pro- vides “a diversified employ- ment base, strong education system, affordable cost of liv- ing and proximity to outdoor recreation,” a statement from PCCP highlighted. The region has strong fundamentals for multifamily development, the statement added. There is significant demand for rental product; the corridor between Denver and Fort Collins has experienced high growth in the past decade and is projected to experience “significant” future growth. Focused on commercial real estate debt and equity invest- ments, PCCP had nearly $24 billion in assets under manage- ment on behalf of institutional investors as of March. The firm has offices in New York City, San Francisco, Atlanta and Los Angeles. s Journey Continued from Page 21 side of homes and work where people can connect and relax, a statement from the company said. The Lafayette taproom will follow this tradition with a “wel- coming environment,” the state- ment said. Sanitas Brewing will have more than 18 craft beers on draft, with several brewed on-site and some brought from the original Boulder brewhouse. The brew- ery will also offer food options in partnership with Kenny Lou’s Deli, an extension of Button Rock Bakery, providing a focused bar menu as well as full access to Kenny Lou’s entire menu. Founded in 2013, Sanitas Brewing has additional locations in Boulder and Englewood. n WHEAT RIDGE – An auto repair property off West 44th Avenue had traded hands for $1.88 million. Wheat Ridge Auto Hold- ings LLC acquired the property, located at 4465 Garrison St., from Anthony Marchese in August. The 4,320-sf build- ing is situated on a 0.87-acre lot. The Class B building was constructed in 1996 and is zoned C-1, according to a LoopNet listing. Tanner Digby of Digby Com- mercial Advisors facilitated the sale. The buyer will occupy the building with its multilocation auto service business, Digby said. n PARKER – Shops at Olde Town is now fully leased follow- ing a recent lease transaction. World of Smoke and Vape signed a long-term lease for 1,963 sf in the shopping center, located at 17002 E. Mainstreet. The lease for the prime retail corner location at Mainstreet and Jordan Road began in August. The tenant was represented by Kaley Tuning of Native Realty Co. Landlord Shops at Olde Town Parker LLC was represent- ed by Nick Beach and Heath Honbarrier of Trevey Commer- cial Real Estate. s Sanitas Continued from Page 17 Tanner Digby