Glenwood OKs annexation of commercial center south of city
Glenwood Springs tax coffers should benefit from the annexation of a large commercial plaza that has been just outside city limits since it was first built almost nine years ago.
City Council last Thursday approved the annexation of the Glenwood Commercial Center at 2550 Highway 82. The 54,267-square-foot commercial center includes 46 separate units spread between four, two-story buildings on the east side of the highway.
Council also approved plans by the recent new owners of the property, RAD Development Glenwood LLC, to condominiumize the units so that they can be sold off separately. Currently, 28 of the units are occupied under lease, according to property manager Rob Stewardson.
The one retail store that is currently located in the center, 82 Liquors, is owned and operated by Stewardson’s father and brother. With the ability to sell off the units, however, it’s hoped that more retail businesses might open there.
Council addressed a range of issues with bringing the property into the city, including future pedestrian access to the location as well as concerns that units could be converted for residential use. Under a list of conditions included with the approval, the owner or owners association is required to work with the city should a sidewalk extending from Blake Avenue to the site be necessary in the future.
The Glenwood Commercial Center sat mostly vacant for some time after it was first built in 2007 by Carbondale-based Prince Creek Construction. In 2014, a group of real estate investors from the Vail area led by David Forenza purchased the center, promising to step up tenant marketing.
Although the property was developed in unincorporated Garfield County, it is on Glenwood Springs water and sewer.
Last year, City Council said it was unwilling to expand utility service to any more users unless the owners entered into a pre-annexation agreement with the city. The center is now mostly occupied by professional services and several construction-related businesses.
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