OFFICE | INDUSTRIAL | RETAIL | MEDICAL | ENTERTAINMENT | RECREATION | HOSPITALITY | MULTI-FAMILY
LIVE WORK PLAY
164 ACRE MASTER PLANNED DEVELOPMENT IN MONTROSE, COLORADO
CUSTOMIZABLE SITES AVAILABLE FOR SALE, LEASE OR BUILD-TO-SUIT
164 ACRES | UP TO 670,000 SFMULTI-USE DEVELOPMENT
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Follow the progress at coloradooutdoors.co
3 REASONS TO CHOOSE COLORADO OUTDOORS:Qualified Opportunity ZoneBusiness IncentivesAbundant Outdoor Recreation
WHYCOLORADOOUTDOORS
Colorado Outdoors was created as a large master-planned mixed-use
commercial development project to bring together the outdoor industry. The
project offers compelling opportunities for development on more than 164
acres of land located adjacent to the Uncompahgre River.
Customized land sites that cater to office, industrial, retail, hospitality, multi-family, entertainment and recreation.
With a vast amount of infrastructure already in place, pad ready sites can be delivered for sale, lease or
build-to-suit.
This development is ideal for companies looking to experience the outdoor lifestyle and join a
growing hub of outdoor industry companies and professionals.
Our focus is on the revitalization of the famed Uncompahgre river corridor in Montrose, Colorado. Our goal is to provide the region with three things:
Transform Montrose into a compelling destination for business.
ARE THE MOST POPULAR OUTDOOR ACTIVITIES
124ACRES
40ACRES
$83.3MILLION
1.5MILES
670kSQ. FT.
Developable Land
of Preserved Open Space
Total Infrastrcture Investment
Pristine Riverfront
Non-Residential Construction
The Western Slope is a central economic engine for Colorado’s outdoor recreation economy. Our goal is to recruit and expand primary jobs to Montrose.
Source: *Outdoor Industry Association (OIA) statistics from Colorado’s 3rd Congressional District.
IS SPENT EACH YEAR ON OUTDOOR RECREATION ON THE WESTERN SLOPE
AND 241 OUTDOOR BUSINESSES CURRENTLY CALL THE REGION HOME*
CAMPINGTRAIL SPORTS
& FISHING71%
OF COLORADO RESIDENTS PARTICIPATE IN OUTDOOR RECREATION EACH YEAR
$2.2B
OUR MISSION
A desirable location for business relocation and commercial enterprise, bringing skilled jobs.
A restored and enhanced river for the benefit of our community.
Quality workforce housing for local residents.
POTENTIAL USES
Trail for walking, biking and fishing
Montrose CountyJustice Center
D
MOB
• A MOB complex to serve Montrose, Delta, Gunnison and surrounding counties
• Shop in the area or wet a fly while your kid is at the dentist
MEDICAL OFFICE BUILDING (MOB)
B
Calistoga Townhomes
• A 33+ unit, modern townhome community
• Thoughtfully situated along the picturesque Uncompahgre River
• Enviable river access
• Desirable river access
CALISTOGA TOWNHOMES ±33 Units
A
Light Manufacturing
• A synergistic business park of like-minded, outdoor-oriented companies
• Stand-alone buildings can range from 11,000 to 47,000+ SF
LIGHTMANUFACTURING11,000 - 47,000+ SF
C
Hotel
• An upscale Hotel catering to: • Business travelers • Outdoor enthusiasts • Families
HOTEL
A
A
B
D
E
SOLD
C
SOLD
SOLD
CONCEPTUAL MASTERPLAN
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• 1 Gigabyte fiber-optic internet• 3-Phase power• Sites are shovel ready
• Up-sized water, sewer and gas• Comprehensive zoning in place
1.5 Miles of Frontage to The Uncompahgre River(Gold Metal Waters for Recreational Fly Fishing)
I
Multi-Family
• +296 Distinctive residential apartments for working professionals and active families
• Enjoy modern conveniences and close proximity to outdoor recreation
MULTI-FAMILY ±296 Units
G
Live-Work
• 36+ live-work units designed for the on-the-go professional
• Includes flexible ground floor space with second level apartments
LIVE-WORK ±36 Units
H
Riverfront Townhomes
• +54 Luxury townhomes situated along the Uncompahgre River
• Single and two-story custom-built designs available
• Just steps from river trail and downtown
RIVERFRONT TOWNHOMES ±54 Units
F
Retail
• Street level retail business sites with freestanding and inline condominium options
• From chef-inspired restaurants, smaller boutique merchandise stores to premium service offerings and artisan shops
RETAILE
Commercial
• Street level options along the highly visible San Juan Avenue that can accommodate professional offices, destination franchises
• Option of stand-alone buildings (10,000+ SF) and inline condominiums (6,000 sf+) available
OFFICE/FLEXCO-WORKING6,000 - 25,000+ SF
F
G
H
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The Colorado Outdoors Park provides flexible sale, lease and build-to-suit options.31 Shovel-ready platted lots with upgraded utilities:
HOME OF ABEL & ROSS
34,000 SF FOOTPRINT
The Colorado Outdoors project was recently approved as an Opportunity Zone by the Colorado Governor’s office and the United States Department of the Treasury.
This distinction allows for significant investor and business tax credits through the temporary deferral of capital gains.
Investments in operating businesses, equipment, and real property (real estate or infrastructure) are included in the tax benefit.
*for an investment held for 10 years within an Opportunity Zone. A 36% higher return value is achieved in comparison to an alternative investment with an 8% annualized return.
The Greater Colorado Venture Fund is a venture capital fund investing in early stage startups headquartered across the state of Colorado.
The funds mission is to create opportunity and build sustainable communities in rural America by investing in companies located outside of the Front Range (Denver) urban corridor.
12 Business Incentives coming to Colorado Outdoors.
OEDIT* Credits 1. Up to $10,000 Cash Job Incentive creation 2. 8 Year exemption from BOTH Business and Employee State income taxes 3. Manufacturing Exemption for Sales and Use Tax 4. Colorado First Job Training Incentive - $1,200 per full-time employee 5. Job Growth Incentive - Tax Credit State Tax Credits 6. New Enhanced Rural Areas Job Tax Credit - $2,000/Job 7. New Employer Health Insurance Tax Credit - $1,000/Covered Employee 8. Job Training Tax Credit - 12% of Eligible Training Costs 9. Investment Tax Credit of Equipment Purchases 3% of Equipment Purchases Cost 10. Commercial Vehicle Investment Tax Credit - 1.5% of Qualifying Vehicle Purchases Regional & Local Incentives 11. Personal Property Tax Abatement 12. Sales and Use Tax Abatement
Contact brokers for details regarding Opportunity Zones.
Visit coloradooutdoors.co/incentives for more details.
*Colorado Office of Economic Development & International Trade
INCENTIVES
“The most unbelievable tax break ever” - Forbes Magazine
BUSINESS INCENTIVESFOR COLORADO
OUTDOORS
BUSINESS FUNDINGWITH THE GREATER
COLORADOVENTURE FUND
OPPORTUNITY ZONENO LONG TERM CAPITAL GAINS*
MONTROSEAT-A-GLANCE
Montrose enjoys world-class outdoor activities and community amenities. The development is a close 1.25 miles from the Montrose Regional Airport, with daily, year-round service to Denver and Dallas. Additionally, Montrose is home to the new Community Recreation Center, which offers over 82,000 square feet of indoor workout, basketball, climbing and swimming facilities.
MONTROSE VS. DENVERCost of Living Comparison
Montrose Denver Difference
Overall (Homeowner, No Child Care, Taxes Not Included 101.8 144.2 29.4% Less
Food and Groceries 106.8 95.5 11.8% More
Housing (Homeowner) 122.2 225.6 45.8% Less
Median Home Cost $228,600 $421,900 $193,300 (45.8% Less)
Utilities 99.9 96.2 3.8% More
Transportation 78.4 134.3 41.6% Less
Health 94.5 96.4 2.0% Less
Miscellaneous 96.5 102.8 6.2% Less
48%
68%
Lower Median Home Prices
Less Average Work Commute
“We have more freedom and time to enjoy the great outdoor lifestyle”
- David Dragoo, Mayfly Outdoors
Alec Rhodes, SIOR
Managing Director+1 303 312 [email protected]
Thomas BanniganAssociate+1 303 218 [email protected]
Aaron ValdezDirector Certified Supply Chain Professional+1 303 819 [email protected]
Chris Ball, SIOR, CCIM
Managing Director+1 303 312 [email protected]
John RenfrowRenfrow Realty+1 970 249 [email protected]
© 2019 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.
Follow the progress at: coloradooutdoors.co
1401 Lawrence Street, Suite 1100 Denver, Colorado 80202T +1 303 292 3700 F +1 303 534 8270cushmanwakefield.com
1832 S. Townsend Avenue Montrose, Colorado 81401T +1 970 240 0550 F +1 970 249 5887renfrowrealty.com
3 hrARCHES
NATIONAL PARK
MONTROSE
CANYONLANDSNATIONAL PARK
3 hr TELLURIDESKI RESORT
1 hr
DURANGO2 hr
1.25 hrFRUITA
1.25 hrGLENWOOD SPRINGS
1.5 hrPOWDERHORN
MOUNTAIN RESORT
20 minBLACK CANYON
OF THE GUNNISONNATIONAL PARK
3 hrASPEN / SNOMASS
SKI AREA
3 hrBEAVERCREEK/VAIL
SKI AREA
CRESTED BUTTEMOUNTAIN RESORT
2 hr
MONARCHSKI AREA
2 hr
I-70
I-70
HWY50
HWY50
HWY550
MOAB3 hr
CENTRALIZED IN THE ROCKY MOUNTAIN REGION
WORLD-CLASS OUTDOORRECREATION
EXCLUSIVE AGENTS:
Colorado Outdoors intersects two highways, U.S. Route 50 and U.S. Route 550. The project is close to three national parks (Black Canyon of the Gunnison, Arches, and Canyonlands) as well as seven ski areas to meet all your recreational needs.
The project is located minutes from Montrose Regional Airport which has non-stop services to New York, LA, San Francisco, Chicago, Atlanta, Houston, SLC and Denver.
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E. Main Street
N. 2nd Street
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MontroseCountyJustice Center
Uncompahgre River
N. San Juan Avenue
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70INTERSTATE
70INTERSTATE
4 Min
utes (
1.4 M
iles)PROJECT
BOUNDARY
W. Main Street / Highway 90
