The commercial real estate market is humming right now, with new users, new investors, new construction and lots of redevelopment of existing spaces in multiple places across the Grand Valley.
“People are really seeing the city’s commitment to downtown and the riverside connection,” said Brian Bray with Bray Real Estate, who recently sold a building on S. Seventh Street, between Main Street and Riverside Parkway.
“My wife liked the area down there,” said Allen Akey, who purchased the restaurant building at 811 S. Seventh with his wife, Lena Combs. “She thinks it’s going to be an upcoming, growing area.”
Akey and his wife will do an extensive remodel of the existing building, but hope to open their new breakfast and lunch restaurant, named Sunrise, by the first of the year.
Although there are commercial projects elsewhere, downtown is generating both buzz and dollars, as end users and investors revamp older buildings in hopes of generating more business and opportunities.
“I’ve always wanted to open my own bar, and more than anything, it came down to timing,” said Tim Babbitt, who is opening the Feisty Pint bar at restaurant at 359 Colorado Ave.
“It’s more of a neighborhood pub,” Babbitt said about the soon-to-open business.
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