Plans are now underway for a significant expansion of a busy industrial and logistics park in Aurora, Colorado.
Developers Hyde Development and Mortenson Properties have announced they are growing the HighPoint Logistics Park by some 274 acres, with the intention of seeing new construction on that land.
Located at the intersection of the E-470 highway and 64th Avenue, the business park, which currently measures around 125 acres, could see the building of more than a dozen structures housing offices and warehouse space.
Altogether, it is expected that the new buildings at the park will cumulatively measure around 5 million square feet.
Creation of the park, about 24 miles southwest of the Denver International Airport, was announced earlier this year by Hyde with an initial 2.2 million square feet of Class A office and warehouse construction.
The park is strategically located in a federal Opportunity Zone as well as a foreign trade zone, making construction projects within the boundaries of the park eligible for any number of tax credits.
The larger underway High Point master planned community is made up of 1,800 acres, with a planned build out of 3,000 residential units and more than 12 million square feet of commercial space.
By Garry Boulard
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