Business

City lacks building space for new businesses

New tenants at The Grove expected to be announced

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The new business prospects for 2013 were good, but are declining due to lack of available building space in Thornton.

“Having space for prospects remains an issue for us,” said John Cody, the city’s director economic development. “We anticipate it will continue to be an issue going forward until we are able to attract more development that will provide space to primary employers.”

Cody gave an economic development update to City Council during its Jan. 28 regular meeting.

He said that the city had nearly 100 companies inquire about moving into the city, and a little more than 60 actual prospects in 2013.

Ultimate Electronics moved out of its Thornton location at 321 W. 84 Ave. in late September and Cody said staff was working to get a new tenant to take over the space.

“We do have a couple of different companies that are looking fairly seriously at doing something with that building,” he said.

Staff is also working with The Staenberg Group, the developer for The Grove, on potential tenants. The Grove is at the southeast corner of 144 Avenue and Interstate 25 and is projected to have 290,000 square feet of hospitality and retail space in addition to Cabela’s 90,000-square-foot store. Cody said he expects an announcement soon on other tenants looking to build or move into the space.

Cody also highlighted during his presentation that his department was fully staffed. At this time the department includes Cody; Adam Krueger, primary employer attraction and retention; Mark Heller, redevelopment; Katy Press, retail development consultant; Julie Jacoby, retail and local business support; and Kim Schafer, real estate and marketing.

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