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Property Detail

Mayfly Drive
Colorado Outdoors is a 165-acre development along the Uncompahgre River designated .

$Unpriced

Description

  • Colorado Outdoors is a 165-acre development along the Uncompahgre River designated as a federal Opportunity Zone and Tax Increment Financing district.
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  • Join exciting developments like Colorado Outdoors Medical Center, a new Fairfield by Marriott, the Basecamp Apartments, Shelter Distilling, and more.
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  • Near the Montrose Regional Airport with a new $37M expansion and daily flights to major cities through United, Delta, American and Southwest airlines.
  • Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily.
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  • Centrally located, 1 hour from Telluride, 1.5 hrs from Crested Butte, 5 hrs from Denver, 5.5 hrs from Salt Lake City, and 6 hrs from Albuquerque.
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  • Capitalize on positive growth as the population within a 5-mile radius grew 15.6% from 2010 to 2023 and is projected to jump another 8% by 2028.

Executive Summary

Join the community at Colorado Outdoors, a master-planned development transforming 165 acres along the famed Uncompahgre River into an outdoor-rich, mixed-use campus.

Colorado Outdoors is the Western Slope’s premier development project, offering shovel-ready lots available for sale or build-to-suit. The land is zoned I-1 Light Industrial, with uses by right, including commercial, business, medical, hospitality, residential, and multifamily. Upsized utilities are in place, including 3-phase power, fiber optic, water, sewer, and gas, all installed on the lot lines. Existing tenant space is also available in Colorado Outdoors.

The transformative project stretches along 1.45 miles of pristine waterfront with over $20 million currently in place for site work and infrastructure improvements, including river restoration and open space enhancements. Colorado Outdoors has over $130 million of private investment in place, including new business facilities, new housing, and hotels. And over 42 acres of preserved open space highlight a commitment to conservation. Existing and underway developments include Marriott Hotels, Secret Creek, Mayfly Outdoors, Basecamp Apartments, Shelter Distilling, and the Colorado Outdoors Medical Center. The campus is already brimming with retailers, restaurants, and working professionals, but with only a fraction of the estimated 670,000 square feet yet delivered.

While Colorado Outdoors embraces and enhances the natural environment, it is remarkably close to urban hubs. Downtown Montrose and the newly expanded Montrose Regional Airport are both less than five minutes away. Montrose is a renowned destination for outdoor recreation and includes easy access to the Black Canyon of the Gunnison National Park. The city’s Circle of Bliss includes six skiing and snowboarding areas accessible within two hours or less of the downtown area, including Telluride Ski Resort and Crested Butte. The cost of living in Montrose is markedly cheaper than the US and Denver average, which has ignited interest in the area as migration and employment opportunities trend upward.

Financial Incentives: Located entirely within a federally Qualified Opportunity Zone (QOZ), providing capital gains tax abatements for investments of 10 years. A Tax Increment Financing (TIF) district is set up for the project, opening up owner/developer incentives for new buildings. This is a tandem project with Montrose Urban Renewal Authority (MURA), which was formed to create public infrastructure, public open space, and zoning required to accommodate the project’s mixed-use intent, and it offers Community Revitalization Grants. See the website and brochure for more information.

Current Businesses within the Campus:
Fairfield by Marriott – Flow State Copacking – Bright Beginnings – Secret Creek – Airflo – Rowan Oak – Marriott – Mayfly Outdoors – Kids First Pediatrics – Abel – Shelter Distilling – Trattoria Di Sofia – Montrose Anglers – Basecamp – Montrose Recreational District – Ovation Healthcare – Paul Davis – Family Time Spas – Ross Reels USA – Toasty – Colorado Outdoors Medical Center – Dyna-King, Inc. – Lamont Companies
 

TBD Mayfly - Colorado Outdoors

Listing ID : 00791

SKU: 791

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