Work could begin before next spring on a 50,000 square-foot building that will be part of a larger phased-in office complex development in Colorado Springs.
As proposed by the Denver-based Flywheel Capital, a privately held commercial real estate investment company, the structure will go up inside the Colorado Spring Airport’s growing Peak Innovation Park.
Flywheel envisions an eventual complex with around 210,000 square feet of Class A office space on a 22-acre site.
Work on the first initial office structure is expected to be completed by the late summer of next year, with the overall larger complex wrapping in 2023.
Flywheel in recent months has purchased the 73,000 square foot Park Centre Business Park in Westminster, as well as The Cameron, a 362-unit apartment community in Denver.
The Peak Innovation Park will feature structures not built for a particular tenant, but most likely appealing to area aerospace companies and defense contractors.
Flywheel officials have said they are bullish regarding the future of office construction in the area, particularly after a Covid-19 vaccine proves successful and a demand for new office space makes itself known.
The larger Peak Innovation Park measures around 900 acres and is located at the entrance to the Colorado Springs Airport.
By Garry Boulard