Wal-Mart getting a new neighbor
AVON – Excavation has begun on the newest commercial project at the Village at Avo, already home to The Home Depot and Wal-Mart. Called Traer Creek Plaza, the 47,000 square-foot retail and office building will be ready for occupancy in the autumn, said Magnus Lindholm, owner of Traer Creek Development Company.The new, semi-circular two-story building on the 3.2-acre site will have 27,000 square-feet of retail space on its ground floor and 19,600 square feet of office and professional space on its second floor. The retail space will be leasing for $50 per square-foot with a triple net lease and offices will be leased for $35 a foot, Lindholm said.
“We could have leased the office space twice over,” he said. He declined to name which businesses have leased space.There will be 150 underground parking spaces in building’s two-story parking garage as well as surface parking.”We’ll have way more parking than you need to have,” Lindholm said.The commercial building is the first built at the development east of downtown Avon since Wal-Mart and The Home Depot opened two summers ago. When completed, the Village at Avon will have 650,000 square feet of commercial space and 2,400 residential units, Lindholm said.
Wal-Mart and Home Depot combined attract 2 million people a year and generate $100 million in sales from five surrounding counties, Lindholm said. That should ensure the new building, immediately west of Wal-Mart, will have plenty of customers.The new building will very “green” – that is, environmentally friendly, Lindholm said, with efficient lighting, building materials and heating systems.Perhaps the most distinctive element will be a sod roof consisting of sedum, a slow-growing plant.”It looks nice,” Lindholm said. “It’s just a good thing to do.”
Lindholm said the layout of the remainder of the commercial space is still being designed. One thing he said he has decided to do is to build a new gas station that will carry environmentally-friendly hydrogen fuel.”We don’t want to get the brown cloud Denver has,” he said. “It’s good to try and stay ahead of problems we may get.”In the mean time, work continues on creating a mountain of roadbase – ground rocks and sand – used as a base for asphalt roads. It is stockpiled at the north end of William Post Boulevard. Lindholm said 300,000 tons of it will be made.Buildout of the Village at Avon is expected to take up to two decades, depending on economic trends.Staff Writer Cliff Thompson can be reached at (970) 949-0555, ext. 450, or firstname.lastname@example.org.Vail, Colorado