Colorado Real Estate Journal - April 6, 2016
A burst of approximately $40 million in new construction is in store for Harmony Technology Park in Fort Collins. A hotel, 40,000 square feet of retail space and a 25,000-sf office building will comprise Harmony Commons, a 9.2-acre development at the southeast corner of Harmony Road and Lady Moon Drive in Harmony Technology Park. Construction of the first two retail buildings, one of which will house a large brewpub concept, is expected to start in May. “We’ve been marketing and building at Harmony Technology Park for the past five years. We’ve seen the demand from retailers wanting to be on Harmony Road,” said Kevin Brinkman, president of Brinkman Partners. T h a t demand has translated into commitments for about half of the first phase of retail development, which will comprise 30,000 sf. In addition to the brewpub, which Brinkman said “will be a cool amenity for the neighborhood,” there will be coffee shop, restaurant, fitness and hair salon uses that will serve as amenities for the park and the surrounding area. “I think it will be a great tenant mix,” he said. Brinkman Partners, which is under contract to buy the land from Harmony Technology Park owner and developer MAVD West, has been working with MAVD on the site plan and uses to ensure Harmony Commons is symbiotic with the rest of the park, Brinkman said. A 105-acre project on the south side of Harmony between Ziegler Road and Lady Moon Drive, Harmony Technology Park houses Rodelle Inc., which has 67,000 sf and land for expansion; a 50,000- sf office building anchored by Numerica Corp.’s headquarters; Brinkman Partners’ 30,000-sf office building; and additional uses. Eldon James Corp. is planning a 90,000-sf facility in the park, and new medical and senior living uses are going in along Ziegler Road. Major employers including Intel, Banner Health, Hewlett-Packard, Avago Technologies and others surround the park, and as a result the area also has attracted new rooftops that are feeding demand for retail, Brinkman said. Brinkman Partners has a medical user for approximately half of the planned office building. The hotel, which will include approximately 100 guest rooms, will carry a national flag and likely will start construction in the fourth quarter. Fort Collins-based r4 Architects is designing the commercial space. Brinkman Partners will be the contractor. Brinkman Partners expects to announce Harmony Commons’ tenants within the next month.