For over 25 years, Etkin Johnson Real Estate Partners has taken a leading role in the acquisition and development of property throughout Colorado's Front Range, earning the company its current status as the premier commercial real estate company in the greater Denver area. Dedicated to innovating while maintaining a fiscally sound base, Etkin Johnson is committed to providing clients with the highest levels of service.

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InterQuest Press

FalconView: Low-Density Living in Northern Colorado Springs

As Seen In Colorado Construction & Design, June 6, 2018

New thinking is influencing low-density living at FalconView, a Northern Colorado Springs apartment community with initial occupancy slated for May 2019. Located at I-25 and Interquest Parkway, FalconView will incorporate a garden-style concept and just 15.1 dwelling units per acre to create a sense of community. Designed to meet the growing demand for upscale apartments among young professionals working along the I-25 corridor, FalconView will take advantage of the amenity-rich dining, shopping, and entertainment district that has sprung up on the city’s outer edge. 16 buildings will spread across the 19-acre site in low-rise structures connected by garden paths with casual gathering spots. FalconView will boast an open park and play spaces showcasing views of Pikes Peak and the United State Air Force Academy to the west. Key on-site amenities include a clubhouse with a pool and fitness center, yoga studio, dog wash, and outdoor gear repair shop. 288 units will be available from one to three bedrooms, ranging from 701- to 1,843-SF. Nine-foot ceilings, high-end appliances, walk-in closets, and either balcony or patios in every unit elevate the rental experience.

The project iCLUBHOUSE.HDR_sms being developed by Etkin Johnson Real Estate Partners with design services led by OZ Architecture. Construction is being managed by Martines Palmeiro Construction, who broke ground in April 2018.

More apartments ramping up for northern Colorado Springs

As Seen In The Gazette – March 1, 2017

As Colorado Springs’ apartment market remains red-hot, a Denver company that plans to build 288 northside units says it might nearly triple that number, depending on how well its initial project does.

Gateway at Interquest Apartments Colorado SpringsEtkin Johnson Real Estate Partners aims to start construction in the third quarter on an apartment complex that will be part of The Gateway at InterQuest, a nearly 77-acre development southeast of Interstate 25 and InterQuest Parkway. The company bought the land a year ago, with plans to develop it into a mixed-use project.

A concept plan recently submitted to the city’s Land Use Review Division by Etkin Johnson representatives shows an initial project would include 16, three-story buildings, each with 18 units or a total of 288 apartments. The project would be built on the southeast portion of the property.

The concept plan also suggests the company might develop a total of 864 units as part of The Gateway at InterQuest. However, Derek Conn, an Etkin Johnson executive vice president and partner, said Tuesday that future phases with additional apartments would depend on demand.

“We need to see how the market absorbs the initial phase, as well as the other construction that’s going on in the submarket, before we decide to pull the trigger on phase two and three,” Conn said.

The 288-unit complex is planned as a Class A project, which means a higher-end development with a clubhouse, fitness center, pool and other amenities. He couldn’t say what rents will go far, although they’ll be comparable to similar projects, Conn said. Apartments built after 2010 averaged nearly $1,320 a month in the third quarter of 2016, according to a Colorado Division of Housing report.

Overall, a strong demand for apartments has driven Springs-area rents to record highs for six consecutive quarters, while the local vacancy rate in the third quarter was at a nearly 16-year low, the Housing Division report shows. And even as hundreds of new apartments are being built or on the drawing board, they’re not keeping pace with renter demand, multi-family experts have said.

Etkin Johnson remains optimistic about growth in the InterQuest area, where at least three other mixed-use projects are in various stages of development, Conn said. Those projects – InterQuest Marketplace, InterQuest Commons and Victory Ridge – will include stores, restaurants, hotels and entertainment uses.

“We are very bullish on northern Colorado Springs and feel like there’s still some room to run and some growth in the marketplace,” Conn said.

Etkin Johnson to develop The Gateway at InterQuest

As Seen In The Colorado Real Estate Journal – March 2- March 15, 2016

An aerial view of The Gateway at InterQuest in northern Colorado Springs.

Etkin Johnson Real Estate Partners is finalizing its conceptual plans for 76.8 acres of land it recently acquired at InterQuest, a high-tech business park fronting Interstate 25 in northern Colorado Springs.

The commercial real estate developer, manager and investor paid $4.35 million for the land, situated at the southeast corner of I-25 and Interquest Parkway, where it is planning The Gateway at InterQuest.

The Gateway at InterQuest will include a mix of apartments, office, neighborhood retail and hotels. “In our opinion, it is the best remaining bulk site in the market,” said Derek Conn, director of finance at Etkin Johnson Real Estate Partners, noting that with all of the growth in northern Colorado Springs, it was an opportunity to acquire “a great piece of real estate.” “This is a particularly exciting opportunity to acquire bulk land with freeway frontage in a local market we’re already active in and familiar with,” said Conn. “Etkin Johnson is an ideal developer for this land, both in terms of their local efforts and the momentum it will bring to the northern submarket,” added Michael Payne Palmer of Quantum Commercial Group Inc., who represented Etkin Johnson in the acquisition and is marketing The Gateway at InterQuest. Etkin Johnson looks to kick off The Gateway at InterQuest with the development of multifamily product, work that should commence in the next 12 to 18 months. While project specifics are still being finalized, the company does plan to offer smaller pad sites for sale or build to suit.

The Gateway at InterQuest site also is adjacent to office buildings, hotels, entertainment and retail at InterQuest Marketplace, where Great Wolf Resorts is transforming the center’s unfinished Renaissance Hotel into a family style resort with a water park that will open this fall.

“They (Etkin Johnson) have an existing presence in Colorado Springs and a proven track record of successfully developing mixed-use environments that attract residents, high-tech companies and quality tenants,” added Palmer. In addition to the land, Etkin Johnson also owns and manages three office/flex properties in Colorado Springs, all of which are 100 percent occupied. “This acquisition provides us the opportunity to utilize all of our core competencies as a longtime, local investor in a market where substantial value can be created,” said Conn. “Our development plans will draw on the strengths of our more-than-25-year history in Colorado and will focus on creating a vibrant community in this fast-growing area.”

“There is so much positive activity in this area, we’re excited to be a part of it,” he added. Corporate Office Properties Trust sold the land. It was represented in the sale by Jim Capecelatro of Cushman & Wakefield.

More stores, restaurants and hotels planned for Colorado Springs’ far north side

As Seen In The Colorado Springs Gazette – February 12, 2016

More shopping, dining and housing are planned for Colorado Springs’ far north side – already a major hub for fast-growing residential and commercial projects.

Denver-based Etkin Johnson Real Estate Partners this week paid $4.35 million for nearly 77 acres southeast of Interstate 25 and InterQuest Parkway, where it plans to develop apartments, offices, stores, restaurants and hotels as part of a project called The Gateway at InterQuest.

“We believe in the Colorado Springs market and think there’s a lot of opportunity for growth down there,” said Ryan Good, an executive vice president and partner with Etkin Johnson.

The InterQuest property is highly visible, near the sprawling Air Force Academy and has great access from I-25 and other major roads, Good said.

Numerous residential and commercial developments in the area also made the site attractive, he said.

InterQuest Marketplace, a 135-acre, 900,000-square-foot retail center, is being developed north of Etkin Johnson’s site. It’s already home to a 14-screen movie theater complex, restaurants and a 180-room hotel, among other uses; in November, a water park resort is scheduled to open at InterQuest Marketplace.

Meanwhile, the 25-acre InterQuest Commons retail center is planned southwest of InterQuest and Voyager parkways and east of The Gateway at InterQuest; it’s expected to include roughly 160,000 square feet of stores, sit-down and fast-food restaurants.

Colorado Crossing, southeast of InterQuest and Voyager, is envisioned as a 153-acre mixed-use project, although it stalled after its developer went into bankruptcy.

Beyond commercial projects, Progressive Insurance, Spectranetics Corp., Bal-Seal and other large employers operate on the north side. Flying Horse, Pine Creek and other subdivisions are a short drive away.

And housing in the area isn’t just being driven by local demand; buyers from south Denver and Douglas County are moving to northern Colorado Springs and El Paso County to save tens of thousands on home prices.

“This has freeway access, freeway visibility, freeway everything,” Michael Palmer, a broker with Quantum Commercial Group in the Springs, said of Etkin Johnson’s site. “It’s the epicenter of growth.”

Palmer and Jim Capecelatro of the Denver office of Cushman & Wakefield represented Corporate Office Properties Trust, a Maryland real estate investment trust, in its sale of the 77 acres to Etkin Johnson. Palmer also will help market the new development.

Etkin Johnson’s project signals that more Denver and out-of-town groups are likely to look to the Springs for acquisitions and development, Palmer added.

The size of The Gateway at InterQuest remains in flux; Etkin Johnson still is designing and planning the project, Good said. The company might sell parcels to users who’d develop their own sites, or construct buildings specifically for tenants, he said. Preliminary talks are underway with potential users at the site, he said.

Etkin Johnson expects initial development to be finished in 12 to 18 months, and hopes to complete the project or sell off its land within five years, Good said.

 

Denver developer planning 77-acre mixed-use project in Colorado Springs

As Seen In The Denver Business Journal – February 11, 2016

Etkin Johnson has acquired a 77-acre site at Interstate 25 and Interquest Parkway in Colorado Springs with plans to develop a mixed-use project.

Denver-based commercial real estate firm Etkin Johnson Real Estate Partners has acquired nearly 77 acres in Colorado Springs with the intent of building a mixed-use project.

Etkin Johnson purchased the land, located at Interstate 25 and Interquest Parkway, from Corporate Office Properties Trust for $4.35 million.

The property is east of the U.S. Air Force Academy and is adjacent to InterQuest Marketplace, another mixed-use project, and a resort development by Great Wolf Resorts that is expected to open this fall, employing up to 500 people.

“This is a particularly exciting opportunity to acquire bulk land with freeway frontage in a local market we’re already active in and familiar with,” said Derek Conn, director of finance at Etkin Johnson.

Plans are being formulated for Etkin Johnson’s project, with a master plan expected in about 90 days. The company is planning a blend of apartments, office, retail and hotel space.

“Our development plans will draw on the strengths of our more than 25-year history in Colorado and will focus on creating a vibrant community in this fast-growing area,” Conn said.

Etkin Johnson owns and manages three office properties in Colorado Springs and is developing industrial space at the Colorado Technology Center in Louisville.

“Etkin Johnson is an ideal developer for this land, both in terms of their local efforts and the momentum it will bring to the northern submarket,” said Michael Payne Palmer of Quantum Commercial Group Inc., a Colorado Springs real estate firm that worked on the land transaction.

“They have an existing presence in Colorado Springs and a proven track record of successfully developing mixed-use environments that attract residents, high-tech companies and quality tenants,” Palmer said.