Work begins on Edwards Corner
An October 2003 opening is planned for the $16 million project being built on a 2.5-acre site in what’s considered by many people “downtown” Edwards.
Edwards Corner is being developed by Remonov and Company, Inc., developer of 94,000-square-foot Edwards Village Center and the 80,000- square-foot Edwards Commercial Park.
Edwards Corner will feature 15 retail shops along the ground level and up to 20 office spaces on the second level. Parking will consist of 145 surface spaces and 92 underground spaces. Sidewalks will be heated to minimize maintenance costs.
Lease prices for both retail and office spaces are in the high 20s per foot, said developer Rick Mueller of Remonov.
Designed by architect Russell Gies, the building will incorporate historic downtown facades, as well as an architectural oddity – a “leaning tower” on the southwestern end of the building.
General contractor for the project will be W.E. O’Neil Construction.
“I’ve got huge interest,” said Mueller, adding that he will begin formal leasing this week.
Mueller said he expects 25 percent of the businesses leasing space will be relocating to the new building from elsewhere in Edwards, as well as from Avon and Beaver Creek. Some will be from home businesses that are expanding, he said.
Many of the businesses leasing space in the new building will be “unique boutiques,” he said.
Mueller said the volume of traffic in Edwards and proximity to the Cordillera, Arrowhead and Beaver Creek creates opportunity.
Cliff Thompson can be reached at 949-0555 ext 450 or firstname.lastname@example.org.