DENVER (June 3, 2019) – A 292-acre tract at the northeast corner of I-70 and State Highway 79, in the Town of Bennett, Colorado is prime for development following completion of entitlements by Gayeski Capital Equities, LLC. Bennett Crossing has nearly a half-mile of frontage on I-70 and one-mile frontage on SH 79 with PD zoning in place to provide the framework for mixed-use development. The zoning plan was re-evaluated to attract highway and business commercial uses to along I-70 and SH 79, as well as light industrial with trails and open space, with a natural transition to mixed-use and residential development to the north as you proceed towards the K-12 Campus at Bennett School District.
According to the Deputy Town Administrator, Rachel Summers, the Bennett Crossing development creates a positive influence on a thriving and growing community. “We are thrilled to work with professional and seasoned land developers, such as the team with Bennett Crossing, as we infuse new development in Bennett. It is important to our board and community to have developers that pride themselves on attracting users that believe in quality building and uphold our desired mission to proactively manage community needs to develop the Town of Bennett into one of the premier rural town centers of Colorado, providing optimum levels of service to our citizens.”
The first to commence construction was LGI Homes, Inc. with the acquisition of 56 acres for a 275-home community. One of the fastest growing regional homebuilders in the country, currently active in 19 states, offers a new home community with a focus on commitment to service, quality and value. This new home community will offer the best of both worlds: affordable homeownership, and the vibrancy, attractions and amenities of Greater Denver.
Comfort Inn & Suites is processing approvals with the Town of Bennett. Colorado Hospitality Services, Inc. (CHS) will develop a four-story, 76-room hotel, expanding their current portfolio of 46 hotels in Colorado. The Comfort Inn and Suites brand will feature the newest prototype with a fresh new look as well as amenities appealing to travelers. Bruce Rahmani, president of CHS, is focused on building a brand in Bennett that exemplifies value, convenience and exceptional customer service.
The PD zoning provides flexible development guidelines by Planning Area, attracting the Intermountain Rural Electric Association (IREA) to acquire 14+ acres to relocate its district office and service facility that serves the eastern portion of IREA’s territory. This acquisition will allow IREA to consolidate district functions and better serve the current and projected consumer population. “The Bennett community is growing and we are pleased we are able to relocate and modernize our office and service facility in that area so we can continue to have a strong presence as a partner in the communities we serve,” said IREA CEO Patrick Mooney. “We look forward to opening the new Bennett office and service facility by the end of 2020.”
The Town of Bennett, home of nearly 25,000 residents, is uniquely positioned to capture the next wave of growth within the Denver metropolitan area. Bennett’s close proximity to Denver International Airport, the Colorado Spaceport, I–70, E-470, and the Union Pacific Railroad are all factors impacting the future growth of Bennett. The mixed-use PD will combine employment opportunities, services and housing while striving to preserve the rural lifestyle and setting. The Bennett trade area and service area extends 6o miles, as evidenced by the success of King Soopers since it opened in 2007, and the area is influenced by a high volume of commuters. Bennett provides the last exit for services on the east I-70 Corridor prior to Limon, CO, 60 miles further east.
Jim Hoffman and Joe Beck, both vice presidents with SRS Real Estate Partners in Denver, are handling land sales and leasing of the development including finished commercial pad sites, in conjunction with Michelle Gayeski. Gayeski Capital Equities, LLC is owned in partnership between father-daughter duo team Larry Gayeski and Michelle Gayeski, longtime developers in the metro north area.
If you would like more information on this project, please contact SRS Real Estate Partners, Michelle Gayeski at 303.457.9700 or visit www.bennettcrossing.com.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 25 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.