Page 10 - Sentinel October 2017

WORDS Continued from page 8 CASTLE PINES – The new City of Castle Pines is already
experiencing growth and traffic problems and is in the process
The faith based, local- of implementing a new plan to reduce and control speed and
ly owned and operated add bike lanes to Castle Pines Parkway. The plans call for 1)
BETHESDA GAR- reducing the number of lanes in each direction from two to one,
DENS senior assisted 2)adding protected bike lanes in each direction, 3) improving
living and memory crosswalks and 4) reducing speed limit from 40 to 35 mph. If
care living community the city can get voters to approve a one-cent sales tax increase,
opened in Septem- it will be able to do additional improvements neeeded for the
ber. They offer studios, 1 and 2 units and companion suites, area.
24- hour care, restaurant style dining, a fitness center, theater
and chapel. The location just south of the elementary school is DENVER – Looking for a good fish dinner? You might want
walking distance to downtown Monument.
to try the new 7,000
square foot 801 FISH
Fourteen acres of valuable I-25 frontage is being rezoned to restaurant which is
PD Planned Develoment that permits industrial/warehouse uses opening in the new
with outdoor storage including auto/collision repairl, office/ 112,000 square foot
warehouse, contractor’s yard and mini-storage. The seven par- Civica Cherry Creek
cels (1.1 to 2.5 acres), known as WOLF BUSINESS PARK, office building in
are located on the east side of Beacon Lite Road at Wolf Court, Cherry Creek on Fill-
just north of the Mobile Home Park. In addition, building per- more between 2nd and 3rd Avenues. The owner/operator al-
mits are requested for the first proposed user, TRI-LAKES ready operates the 801 Chophouse in Cherry Creek and looks
COLLISION (auto body repair shop) for the two-acre Lot #7. forward to opening the 801 Fish early in 2018 and it plans to
Tri-Lakes will build a 10,000 square foot building and fenced have Cherry Creek’s largest outdoor dining patio for your fresh
storage yard on the lot. A second user, REDLINE PIPELINE air enjoyment.
(a utility contractor), has expressed interest in another WBP
parcel.
COLORADO SPRINGS – Thirty-three years ago, at the
southwest corner of I-25
Vacant since the Natu- and Woodman Road, the
ral Grocers moved to 200,000 square foot TIF-
their new store on Bap- FANY SQUARE opened
tist Road, the building its doors as a shopping
located across the street center with its prime an-
from the Safeway on chor, a movie theater. It
Monument’s business struggled from the beginning and was quickly foreclosed by
strip is undergoing inte- an S&L which itself failed, with the property then going into a
rior renovation for oc- federal agency responsible for cleaning up the doomed efforts
cupancy by a DOLLAR TREE which should do quite well in of the S&L commercial lending industry. In 1994, the 10-year-
this location. Dollar Tree, Inc. is an American chain of discount old $25 million property was acquired for $3.3 million by Los
variety stores that sells items for $1 or less. Headquartered in Angeles investors. Thirteen years later, it was foreclosed again.
Chesapeake, Virginia, it is a Fortune 500 company and oper- Back in 1994, it began its conversion from specialty retail to of-
ates 13,600 stores throughout the 48 contiguous U.S. states and fice use in which capacity it still functions today. MCI was its
Canada (including one in Castle Rock in the Home Depot shop- prime tenant until it closed its Colorado Springs headquarters.
ping center.
Still a well-located, highly visible, office location with rents at
one-half the grade “A” office building in the area, the property
PERRY PARK has just been acquired by UHAUL, which is already using a
Two new home starts in portion of the parking area for its trucks. Uhaul also plans to
August bring the total spend $2 million to convert the empty portion of the building to
of new homes in various indoor storage space. The remainder will continue under leases
stages of construction to to Alorica call center, five radio stations, IBMC College, Las
26. We currently have 772 Palmitas Mexican Restaurant and the Red Rock Church. The
residences. We are rap- location only gets better with time.
idly approaching 800 Perry Park residences and theinventory of
buildable lots (streets and utilities) is very low. Following several failed attempts, the Colorado Springs Pub-
The sales market has slowed during the last month, but total lic Market (renamed PIKES PEAK MARKET) has found a
sales year to date are three ahead of last year at 38. Dollar home downtown at 9 S. Weber Street. The 3,000 square foot
volume at $24,414,000 is $5,230,700 ahead of last year, a com- facility will house about 20 vendors marketing fresh fruits
bination of both higher prices and more upper end homes in the
sales market. Continued on page 11

Page 10 - October 2017 Perry Park Sentinel