With all this, per the article, Colorado Outdoors still has another 40 acres to develop. The “multiple new tenants” in Colorado Outdoors also include a hotel, a restaurant, a distillery, a fly-fishing shop and a rec center, as well as Basecamp, a 96-unit (to start) residential development. Bonsai Design opted to include flex space within its building, leasing out to The Christi Reece Group, KLJ Engineering, Cloudrise and, most recently,. In addition, Mayfly (also the developer behind Colorado Outdoors) put up a standalone string of flex buildings with spaces being leased by a handful of businesses. Soon after Rocky Mounts followed with a standalone building at Las Colonias, while Secret Creek (formerly Colorado Yurt Co.) is working on their facility in Colorado Outdoors. Each business has become the anchor of their respective developments. Both projects began around the same time, as public-private partnerships spearheaded by local outdoor recreation businesses: Mayfly in Montrose and Bonsai Design in Grand Junction.
The former is a $86 million project, the latter is a $30 million project. Riverfront at Las Colonias is a 15-acre business park within a 130-acre public park. In Montrose, we have Colorado Outdoors, a 160-acre privately owned multi-purpose development with approximately 40 acres dedicated to open space. Per the article, “Montrose has seen a period of growth recently, announcing multiple new tenants so far in 2022, while the Riverfront at Las Colonias has not expanded beyond its two original tenants.” Let’s break this down. Last Sunday, GJEP staff was a little perturbed to pick up the paper and read a frontpage story titled “Tale of two cities’ projects – Montrose opportunity zone growing, while it’s slow going at Las Colonias business park.” Are we slacking on our jobs? Originally published in The Daily Sentinel March 20, 2022
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