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The existing mall and major retailers in Grand Junction presently serve a large geographical trade area. As growth in Western Colorado through Easter Utah continues, the market will continue to demand the influx of new retail ventures including major retail expansion for factory outlets, off-price centers, fashion centers and the like. In addition, the demand for other commercial space including offices, office-warehouse, restaurants, motels and hotels and even the ever-expanding family recreation center uses should continue. Another key factor in the potential offered by this property is its size. As the largest contiguous undeveloped land parcel under single ownership in Grand Junction, with careful master planning, this property should afford its developer the opportunity to create increased value as the property is developed in phases. With access and visibility off three major streets, the property will require internal streets which, when constructed, will create additional frontage sites. A developer with foresight will have the advantage of planning the layout and marketing of the property to take advantage of the traffic flow through the area. Based upon these considerations, the present owners of the property must be prudent and thoughtful in their approach to the sale of the property. They are desirous of maintaining the integrity of the property through a well-designed master plan which offers the flexibility of customizing the size and location of a parcel within the development, while, at the same time utilizing the use of any such partial sale to enhance the value of the remaining property. Therefore, with these premises in place, the owners are willing to discuss the possible sale of all, or significant portions of the property with serious and qualified developers or major users. |