Construction on a new mixed-use business community in Broomfield is underway this month – the first phase of a $125 million project.
At the intersection of North Simms Street and West 112th Avenue, the 81-acre Simms Technology Park will span almost 600,000 square feet of office and flex space. The final plan includes 14 buildings that will support more than 2,000 jobs, according to a news release.
Brandon Jenkins, Baltimore-based commercial real estate firm St. John Properties’ regional partner for Colorado, called the park “a significant job generator, a place for businesses to grow and prosper, and a long-term contributor to the local tax base.”
In the first phase to finish next summer, the developer is constructing three buildings: one-story, 41,000-square-foot office building and two flex buildings making up a total of about 70,000 square feet. Flex space is considered “any commercial real estate that offers a business space (usually a single-story building) that can be used as multi-purpose workspace,” according to Pillar Real Estate Advisors.
St. John Properties is also selling or leasing four sites – 1.5 to 2 acres – that could serve as future homes to restaurants, gas stations and other commercial uses.
The developer is also adding sidewalks, lighting, landscaping and other modifications, with the creation of one mile of public recreational trails along Walnut Creek and two new public roads: Doppler Drive and Quantum Parkway.
“Simms Technology Park is perfectly designed and positioned to address the emerging real estate needs of a wide range of companies exploring the suburban Denver area,” Jenkins said in a statement.
St. John Properties bought the property in 2020 from Brocade Communications Systems LLC, and received approval from the Broomfield City Council last summer.
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Broomfield Mayor Guyleen Castriotta anticipates that the new park will likely become “the future headquarters for 30-50 firms dedicated to research, design, prototyping, testing and the global delivery of products and services.”
The area’s prominent employers include technology company CenturyLink, computer technology company Oracle America and mountain resort company Vail Resorts, which is headquartered in Broomfield.
In Colorado, St. John Properties has also built Corporate Center on West Colfax Avenue at Corporate Drive in Golden, Sixth Avenue Place at 17301 W. Colfax Ave. in Golden and Walnut Creek Business Park at 10835-11059 Dover St. in Westminster. It opened its Colorado office in 1987, and owns more than 1.5 million square feet of commercial space in the state.
