Steamboat Springs Colorado Group Realty is expected this week to announce the commercial and retail tenants at two local developments, which are scheduled to bring a number of new businesses to downtown Steamboat Springs in 2008.
More than half of the commercial space at Howelsen Place has been leased, and the Alpenglow development has filled more than 70 percent of its commercial capacity, according to John Sanders of Colorado Group Realty.
"It's a great mix of tenants going in. I think people are going to be pleasantly surprised," Sanders said.
Both of the mixed-use developments currently are under construction. The two developments have 17 commercial tenant spaces - 11 at Howelsen Place and 6 at Alpenglow - and will bring 49 new housing units to downtown Steamboat, including loft condominiums, townhouses and affordable housing.
Howelsen Place is located at the corner of Seventh Street and Lincoln Avenue at the former site of the Harbor Hotel, and Alpenglow is a block away at Sixth Street and Lincoln Avenue, former site of the Nite's Rest motel.
Because demand for commercial space in the new developments is much higher than can be accommodated, Colorado Group Realty currently is weighing its options and deciding which businesses will be selected to lease the remaining parcels.
"We're trying to decide which are going to be the best fit," Sanders said, emphasizing that Colorado Group Realty is aiming for a good mix of different types of businesses at both Alpenglow and Howelsen Place.
Sanders declined to release any additional information about the developments' future commercial tenants.
"We could fill the whole building right away if we wanted to," he said. "But we're not just filling holes."
Commercial tenants currently are scheduled to take possession of their spaces this spring at Alpenglow and in fall 2008 at Howelsen Place. Each commercial tenant will open sometime thereafter on their own schedule.
Major developments also under construction or site preparation downtown include The Victoria at 10th Street, the Olympian at Fifth and Yampa streets and the Riverwalk project at the east end of Yampa Street.
At Wildhorse Marketplace on Mount Werner Road, Resort Ventures West recently took over commercial sales and leasing from Prudential Realty Steamboat and is working on an overhaul of the center's marketing campaign.
With Wildhorse 6 Stadium Cinemas as its anchor, Resort Ventures West is specifically seeking restaurant tenants to add to the "overall destination and experience" of Wildhorse Marketplace, according to Kerry Shea of Resort Ventures West.
"The overall theme that we're really looking to hit out the park : is entertainment," Shea said.
The development has about five commercial spaces still available in its completed construction, though some of those spaces may be subdivided.