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Grand Junction Areas

The following article previews of Grand Junction areas are from The Daily Sentinel’s Real Estate Weekly magazine. We like being able to provide our clients and potential clients with local information about what’s happening in various Grand Junction Areas across the valley.  For more information about each Grand Junction area, click the headline or the “click here for more” links at the bottom of each article.

Grand Junction Areas:

Revitalization in several key areas around the city

City Growth

Grand Junction Areas

There are a large number of construction projects underway or in planning stages in the city, where the city has built the infrastructure to handle growth and properties that have sat vacant or underutilized are getting attention.

“This building has been sitting too long,” said Brad Humphrey, who purchased 701 Main St. with a business partner, Rob Hanson, less than two months ago. “We decided to refurbish it and get it back on the market.”

The building has been vacant for about a decade, ever since the Cabaret Dinner Theatre closed its doors. When the owner listed the building for sale, Humphrey and Hanson made an offer on the first day it was listed.

“There were three offers on the first day,” Humphrey said. “We wanted to take care of these old buildings.”

The two partners hired Jim Jenson to act as the general contractor for the renovation. Improvements are designed to accommodate a restaurant user, and include a large grease interceptor and improved plumbing for sinks and bars. The outdoor space would make a great covered dining area, and the investors are installing roll-up glass doors that would blend the indoor and outdoor spaces together. When finished, their site will have 5,000 square feet of indoor space and 2,000 square feet of outdoor space.

There’s activity on nearby vacant lots to the east and to the southwest of 701 Main Street, with property owners beginning discussions with city planners for apartments, office space and additional retail spaces. Both proposals are in early stages, which means plans could change drastically before a shovel hits the ground.

A few blocks south, the building at 630 S. Seventh Street is listed for sale with Ray Rickard. The building has been vacant since StarTek relocated to North Avenue in 2012. The building is within one of seven designated opportunity zones in Grand Junction, which are federal designations that give tax incentives to new businesses in the zones.

Read more about the city area of Grand Junction.


Commercial development will change the neglected look of riverfront

Commercial

Penny Stine

Grand Junction Areas

The commercial real estate market has been slower to recover from the Great Recession than the residential market, which is typical, according to many local commercial brokers. Many commercial transactions are more complex, with a higher price tag than a typical 2,000-square foot home, and commercial deals often take years to work out the details, especially when there is significant remodeling that needs to be done to an existing building or new construction of a larger building on vacant land that may involve multiple tenants.

“Retail hasn’t come around and oil and gas hasn’t either,” said Sid Squirrel with Bray Commercial. “The only thing that’s saved us is companies relocating here because they can’t afford to expand on the Front Range. We’ve seen a lot of people on the residential side for several years, and now we’re seeing it on the business side.”

The City of Grand Junction has been working closely with the Grand Junction Economic Partnership to bring Las Colonias Park, and Riverfront at Las Colonias, the business park intended to be a home for local businesses involved in the outdoor recreation industry, to market. Efforts are moving along nicely.

“We’re wrapping up phase one of infrastructure ahead of schedule,” said Greg Caton, city manager of Grand Junction. Phase two construction will start this summer, and should be finished by the spring of 2019. During phase two, there will be additional bathrooms, a boat launch along the Colorado River, a dog park and a festival area.

Read more about commercial real estate in Grand Junction. 

Want to live close to recreation and agriculture? Head west to Loma and Mack

At Home-ah in Loma

Penny Stine

Grand Junction Areas Highline Lake

Highline Lake provides residents and tourists alike another recreation opportunity on the Western end of Mesa County.

The west end of the Grand Valley is great place for people who want an agricultural lifestyle or who simply want to be out in the country, away from noise, neighbors and traffic. Loma and Mack are home to few urban or suburban conveniences, although there was recently a planning hearing for a new 300-foot cell tower north of Loma that could improve telecommunications to residents in the Lower Valley. Loma has a school, a post office and a general store, while Mack has a liquor store and a post office. Loma is also home to the Western Slope Cattlemen’s Auction, although that isn’t exactly a suburban amenity.

Loma does, however, have a food truck, which is pretty urban for the laid-back farm community. Of course, the food truck serves barbecue, offering traditional offerings like ribs, brisket, pulled pork, smoked chicken and all the traditional sides.

“I live out there,” said Beth Burt, who operates Double B Barbecue and first set up her barbecue trailer at the Western Slope Cattlemen’s Auction on Wednesdays during the auctions while the restaurant was closed. “I developed a Loma following.”

Burt has been operating at the Loma Country Store Thursdays through Sundays since April, and she’s pleased with the amount of business she’s had.

“I’m meeting so many different people,” she said. “It’s funny how much traffic is through that little place.”

Although the urban amenities in Loma might be lacking, there’s no shortage of recreational opportunities. Loma is home to the famous Fruita mountain biking trails at Horsethief Bench, which have garnered Fruita a world-class reputation for mountain biking, even though the trails are in Loma. A majority of the riders in the area are from out-of-the-area in the spring and fall, but this time of year, it’s mostly locals who go out and ride early in the morning before the heat makes it unbearable. According to statistics from the BLM, there were 58,000 people visiting the Kokopelli trailhead in 2017.

Read more about Loma, Colorado.

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Builders barely keep up with demand

Construction is brisk at Copper Creek north, but builders can’t keep up with demand.

New homes in the north area continue to sell at a brisk pace, which means buyers often have to write a contract and wait for months for their home to be built.

At Copper Creek North, where Silas and Chris Colman have been building Energy-star certified homes for several years, there are no move-in ready homes available for buyers.

“We’re seven months out,” said Naomi Colman, sales coordinator for Copper Creek Builders. The company is still building in the second filing of its subdivision, and has already sold about half of filing three. In the last year, Colman estimates that the company has built about 40 homes in the unique neighborhood, where some homes are clustered around a small community park.

At Summerhill, which was started more than a decade ago by Bray Development, Porter Homes recently began building homes in the second to last phase of construction.

“We’ve already sold four lots, and we have our Parade home under construction,” said Craig Huckaby, the listing agent for the new homes at Summerhill. There are 19 homes in the current filing, and 21 lots in the final filing.

According to Huckaby, prices are starting in the low to mid-$400s, but average around $480,000. Although Porter Homes can build smaller homes in the neighborhood, and the lots are relatively small, most people are choosing homes that are about 2,100 square feet.

Read more about Grand Junction’s North Area.

Hot real estate market moves to Glade Park

Glade Park

Glade Park is a hidden gem on the Western Slope and most full-time and part-time residents of the area would prefer to keep it that way.

“Glade Park is distinctive for its lack of change,” said Kaye Simonson, senior planner for Mesa County.

Although land use and zoning haven’t changed for Glade Park, the real estate market has made a complete turnaround.

“Twenty properties have sold since the first of the year,” said Lynn Grose with Chesnick Realty, who typically has multiple listings in the area. “I only have two listings left.”

Of the twenty properties that sold, most of them were for vacant land sales. One was a hunting cabin, and only six were for existing homes.

Most of the area on Glade Park is zoned agricultural, with lot sizes at least 35 acres or more. Many of the parcels of land that are currently for sale or that have recently sold are much larger than that.

“It’s the world-class elk hunting that drives the market,” said Brian Mason with Mason Real Estate, who has multiple large-acreage listings. “That, and the convenience to the Grand Junction airport.”

Glade Park, Colorado

Part of a ranch currently for sale in Glade Park for $13 million.

Mason has has several multi-million dollar listings of land on Glade Park, including one parcel with more than 1,700 acres, which has three lakes, and year-round creeks in a normal-precipitation year. He recently sold a 481-acre parcel of hunting land for more than two million.

“Typically, recreational buyers will run livestock or lease it to someone who wants to run livestock,” Mason said.

Read more about homes and property for sale in the Glade Park area of Grand Junction, Colorado.

New neighborhoods under construction in the Redlands

Redlands

The Redlands area is a popular place to live due to the nearby beauty and the recreational opportunities. It has been a difficult place to buy a new house in the last few years, however, as there were only a few neighborhoods with lots available for building. That’s beginning to change.

Dave Bagg and John Thomas, who partnered together to bring several Redlands neighborhoods along South Camp Road to market more than a decade ago, are working together again, along with new partner, Quint Shear. The three partners are developing Granite Falls, a 52-acre subdivision that will have 104 total lots.

There will be 31 lots in the first filing, and most of them are already taken by builders who plan to build spec homes. Right now, builders who have expressed an interest in the project include J. Howell Custom Homebuilder, Lopez Construction, Canyon Creek Builders, Canyon Vista Homes and Alegria Homes.

Redlands area Peaks Subdivision Grand Junction

Sales have been brisk at The Peaks at Redlands Mesa, a townhome community at the Redlands Mesa golf course.

Infrastructure construction in the neighborhood is underway, but Bagg hopes to have a few lots ready at Granite Falls for residential construction by September. The address for the subdivision is 413 South Camp, but it’s on the west side of South Camp, across the street from the Trails West subdivision.

A new project at the Redlands Mesa Golf Course Community should also be ready for home construction in the fall. Ventana at Redlands Mesa is a new sub-community within the greater golf course community. Maves Construction will be the exclusive builder for the new neighborhood, which is off West Ridges Blvd., across the road from The Ledges at Redlands Mesa, another sub-community at the golf course.

Read more about homes for sale in the Redlands area of Grand Junction. 

Palisade sees new activities in housing, business

Palisade

  • Penny Stine

The festival season has begun in Palisade and will continue throughout the summer and into the fall, with the next scheduled festival, Palisade Brews and Cruise, on May 5. This will be the fourth year for the beer festival, which will be at the Veteran’s Memorial Park.

In addition to the festival in the park, where attendees can sample more than 100 different beers, there will be a brewmaster’s dinner on Friday, May 4 at the new 13 Brix Cider Bistro in downtown Palisade.

The Grand Valley Marathon will also be on May 5, with a 5K and a 10K runs starting and ending in Palisade. Part of the proceeds from the run will benefit the Fruit and Wine Byway, which will replace signs for the popular driving and biking route.

 Palisade, Colorado
The Golden Gate gas station should be open in Palisade by mid-May, just off I-70 at exit 42.

There are several new businesses that are planning to open or have opened their doors in Palisade, including Spun Fiber Arts Studio, which keeps limited hours on Friday and Saturday only, and Peaches Coffee Shop, which had its building and health inspections last week and hopes to open this coming week.

Read more about Palisade, Colorado. 

Real estate companies renew investment in the valley

Revitalization

Penny Stine

In addition to helping residents find a place they want to call home, the local real estate industry has also contributed to the area’s economy in the last few years via construction and remodeling projects. Several companies have purchased and remodeled buildings, signed long-term leases in more visible locations and generally put their money where their mouth is by making significant investments in a new home for their businesses.

Downtown

Downtown has become a hot spot for real estate offices, starting with Hummel Real Estate’s purchase of its office three years ago, and continuing with the opening of River City Real Estate downtown in 2016, the Mountain Coast Group at Keller Williams’ purchase of a downtown building in 2017 and the relocation of both Coldwell Banker Prime Properties and United Country Real Colorado Properties.

 “Everybody likes being downtown,” said Ronda Hummel with Hummel Real Estate, who added that the walkability of the location, both for employees and customers, has been a huge plus. Her office is the first real estate office many of the visitors at the downtown hotels see when they stroll downtown for dinner.

Read more about how Grand Junction’s Realtors are investing in Downtown and other Grand Junction areas. 

The reality of real estate in the Grand Valley throughout 2017

Year in review

Penny Stine

A decade ago, Mesa County’s economy and housing market were on the rise, thanks to a natural gas boom that brought jobs, workers and a housing shortage. Builders were frantically building in 2007, with 669 new single family building permits issued, and 2,866 total home sales in 2008. When natural gas prices plummeted at the end of 2008, jobs disappeared, workers began to leave, and plans for new subdivisions were put on hold.

The real estate market began a steady dive, bottoming out in 2010, when there were 179 new home starts and only 1,696 homes sold. Sales of existing homes started to pick back up in 2011, along with the number of new housing starts. The growth was slow, however, with small increases in property values, the total number of homes sold and the number of new housing starts. The Front Range boomed, while the Mesa County housing market seemed to crawl.

Fast forward to 2017. The market found its legs and began to run, with more than 3,500 sales through November and 664 new housing permits through Dec. 27.

 “It feels a lot like 2006,” said Darrell Bay with Mesa County Building Department. “The difference is in the staffing level.”

2017 Grand Junction Real Estate

Trail Edge Townhomes is the first residential development built to take advantage of the recreational opportunities available at Las Colonias Park, including access to the Colorado Riverfront Trail, the disc golf course, and the amphitheater. There will be 14 units total. Ray Rickard with RE/MAX 4000 is the listing agent for the development.

PENNY STINE/ Real Estate Weekly

Click here to read more about real estate improvements in Grand Junction areas. 


 

 

 

 

 

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