Interest grows in Logger’s Lane
West-end commerical center should be complete by fall 2005
With little commercial space available for purchase in Steamboat Springs, businesses are lining up to buy space in the Logger’s Lane commercial center slated for a site north of Windemere Landscape & Garden Center.
“Once we started moving dirt out there is when interest struck,” broker Ron Wendler of Colorado Group Realty said.
Approved last fall, the 2-acre site has been graded in preparation for two buildings that will provide warehouse and commercial retail spaces. Developer Charlie Sher of San Diego plans to begin construction on the buildings in the spring. The center should be complete and ready for occupancy by fall of 2005, Wendler said.
At 15,000 square feet, the building closest to U.S. Highway 40 will have six commercial spaces of about 2,500 square feet each. Those units will be available for sale or for lease with the option to purchase.
The building’s main entrances will face west, but large windows on the east side of the building will provide showroom-like exposure to traffic on the highway, Sher said.
Separated by a parking lot, the western-most building will be about 8,500 square feet and will have eight warehouse units that are about 1,080 square feet each. Those units will be offered for lease only.
The buildings will have a mountain-style contemporary design and will have two accesses, one from U.S. 40 and one from Shield Drive.
“I think it’s a good area,” said Sher, who also is developing the Sundance Creek Condominiums. “If you look to the future, I think Steamboat is heading to the west.”
Sher likely will establish pricing for the center early next year, but in the meantime, businesses are adding their names to a reservation list. Those businesses will have the option to enter into a contract once there are firm prices, Wendler said.
Based on interest so far, the center is shaping up to be a focus for home improvement and business-related products.
“Our concept is to get as many home improvement tenants as possible,” said Sher, who envisions a “one-stop shopping” home design center with lighting, glass, plumbing fixture and interior design businesses.
Most interest has come from local businesses, Wendler said.
“There’s a lot of locals that have been paying to lease. …They want to be able to own something and create more equity for their business,” Wendler said.
Although the center provides an opportunity to own real estate, it also is a chance for businesses located “off the beaten path” to move to a more visible location, Sher said.
“I think they’d probably like to get a little better exposure,” he said.
Business owners that get into the project early will be able to lock in prices at the time of contract and avoid a boost in rates or prices that may occur as construction continues.
Business also can have spaces built to suit special heating, ventilation or other needs, Wendler said.
“Getting in at the ground floor is always the best situation,” he said.
For more information, call Wendler at 870-8800.
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