Page 6 - Sentinel March 2017

WALT’S WORDS on the interior space in preparation for initial tenants late this
Walt Korinke... summer. Both buildings are directly connected to the four-sto-
ry 219,000 square foot, 50-bed Castle Rock Adventist Hospi-
A home remedy: If you have a bad tal that has become the centerpiece for the rapidly expanding
cough, take a large dose of laxatives. medical growth in the community.
Then you’ll be afraid to cough.
In addition, a third, doctor-
PERRY PARK – 2016 was another good owned medical office build-
sales year for Perry Park ing is under construction at
homes with 51 single fam- the rear of the hospital. The
ily and three condominium two-story, 21,351 square
sales totaling $29,052,000. foot building sold two of the
The “sweet spot” was in the six suites to Rocky Moun-
$500,000 range (18 sales) tain Spine and Sport (2,130
with a low of $355,000 and a square feet) and Neurology
high of $999,900. The prop- of the Rockies (3,167 square feet), with four suites remaining
erties range in quality, age and location with most home sale ranging from 2.700 to 4,100 square feet.
activity in the $400,000 to $700,000 window. In addition, 39
lots were sold ($2.6M) for $12,000 to $133,000. As expected, The LIMELIGHT
2017 began with a slow January with four properties in the clos- HEALTHCARE CENTER
ing stage, all in the $500s. is in the shell stage prepara-
tion for the façade and inte-
The Retreat at Perry rior work with a probable
Park has kicked off the initial occupancy target of
new year with excavation year-end.
and foundations started on
the second group of four On the southeast corner, in
more condominiums. the Cinema Complex, the
10,733 square foot HILL-
LARKSPUR – After about three years of negotiation with TOP COMMONS build-
the Town of Larkspur, the ing is nearing completion
JELLYSTONE CAMP- and the first tenant, STATE
GROUND expansion is FARM, has taken occupan-
scheduled to kick off this Au- cy with three more tenants in space preparation for late spring
gust. With only 35 of their occupancy. ORANGETHEORY FITNESS is a specialty fit-
105 acres currently devel- ness trainer providing intensive 60-minute workout sessions.
oped, the expansion will dra- The other tenant in space preparation is HOME CARE ASSIS-
matically change the camp- TANCE, which provides 24/7 live-in home care non-medical
ground from 132 existing campsites to 568 (including fire pits), assistance to meet various senior care needs. The other space
along with a new themed water park, a rope challenge course, is gluten-free UNCLE MADDIO’s pizza, a fast growing At-
77 pre-fab cabins, and a new visitor center and retail space. lanta-based “healthy” pizza chain which opened in 2009 with
Jellystone joins the Renaissance Festival as the leading sources 40 stores already open, and another 225 committed franchises
of tax revenue for the town with an expected addition of about in the wings.
$250,000 annually to the town coffers.
On the northwest corner, the
CASTLE ROCK – MEADOWS PARKWAY AND MEAD- first of two TOWN CEN-
OWS BOULEVARD - Lots TER commercial buildings
of activity on three of the was completed in the fall
four corners of Meadows of 2014, and you probably
Parkway and Meadows Bou- know it as the location for
levard. At the Castle Rock the Egg & I restaurant. The
Adventist Hospital Cam- 30,000 square foot building #1 is fully leased, and the second
pus, the first 60,000 square twin building has just started construction with no announced
foot, three-story medical of- preleasing and should be ready for occupancy by the summer
fice building, the Alexander of 2018.
Building completed in 2013, was quickly leased and with the
strong demand stoked the start of the second twin building, the With all the activity in the retail and medical fields, Castle Rock
BRISCOE, which is nearing completion as work progresses
Continued on page 8
Page 6 - March 2017 Perry Park Sentinel