For 20 years, the plot of land on the northeast corner of Parker and Hess roads remained vacant. Soon, the area will be home to Parker's newest mixed-use commercial development, known as Pine Bluffs …
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For 20 years, the plot of land on the northeast corner of Parker and Hess roads remained vacant. Soon, the area will be home to Parker's newest mixed-use commercial development, known as Pine Bluffs Plaza.
The retail development broke ground Oct. 18 and will eventually bring in a mix of food, fitness and medical providers to the area. The development site is just south of the Pine Bluffs neighborhood.
“We purchased this land 20 years ago and have always envisioned a retail development, but we were waiting until there was enough residential growth to create the demand necessary to attract a good mix of tenants to the center,” said Koelbel and Co. president Walter A. “Buzz” Koelbel Jr. “The area has seen tremendous growth over the last few years, making this a perfect time to deliver much-needed commercial and medical services.”
The development has already signed leases with Fuzzy's Taco Shop and Invision Sally Jobe Imaging Center, a HealthONE medical imaging facility. Currently, the closest Invision centers are in Lone Tree and Castle Rock.
The 11-acre parcel of land is described as a mixed-use retail facility, according to developer Koelbel and Company. The Denver-area developer has owned the land since 1998.
According to U.S. Census data, Parker's population was about 23,000 people in 2000. Census estimates as recent as July 1, 2017 report a current population of about 54,202. According to Koelbel and Company, there are about 5,000 planned housing units within a few miles of the project.
Koelbel and Company stated the project will be completed in two phases. The first phase will be comprised of nine acres and will include five buildings with a total of 51,825 square feet. That will consist 10,800 square feet of free-standing emergency room and a 13,500-square-foot building dedicated to a medical office.
According to Koelbel and Company, the core and shell of the four planned buildings will be completed by the end of March 2019. Tenants are expected to be open for business that summer.
“The Pine Bluffs commercial project will bring much-needed amenities and service choices to the south end of town that will serve not only Parker residents, but also those in our southern trade area from Castle Rock to Franktown, Elizabeth and Kiowa,” said Matt Carlson, Town of Parker economic development director.
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