Superior, CO

Speculative life sciences development underway in Superior

Margaret Jackson

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(Courtesy of Perkins & Will)

By Margaret Jackson / NewsBreak Denver

(Superior, Colo.) A $280 million life sciences project in Superior will break ground early next year.

Initial plans call for three office and laboratory buildings ranging from 85,000 square feet to 150,000 square feet and a fourth building with ground-floor retail, amenities and structured parking.

The buildings will have 16-foot ceilings and flexible infrastructure to accommodate office, lab, research, and development uses. Shared lab services will be available to all tenants, including RODI water, dedicated lab water, compressed air, glass wash and a lab waste system.

“Life sciences companies have extremely specific and technical needs for their space,” said Nelson Udstuen, who with Erik Abrahamson is leading the leasing efforts. “Coal Creek Innovation Park is purposefully designed with these in mind — from 100% outdoor air return in the lab areas to generator backup and expanded electric load capacity.

“A biotech company that locates here can focus exclusively on its science as its realy estate needs are already met.”

The project, being developed by PMB and Montgomery Street Partners, will also have a gym with showers, bike rooms, shared conference facilities and views overlooking the new Creek View Park and the Flatirons.

The first buildings should be completed in 2024.

There is a significant unmet need for institutional-quality space because existing inventory primarily consists of small-scale, converted single-story flex product, said Ben Rosenfeld, senior vice president of development for PMB.

“Coal CREek Innovation Park will fill the purpose-built lab space void in the market, delivering almost 400,000 square feet of R&D-specified lab space in Boulder County,” Rosenfeld said. “We are also providing a combination of a generous tenant improvement allowance and up to 50,000 square feet of speculative lab space to meet the needs of the market.”

Coal Creek Innovation Park will build on a wave of development occurring in downtown Superior along the U.S. 36 corridor between Denver and Boulder. The Superior Medical Center and Sport Stable are blocks away, and a slew of residential and mixed-use projects are under construction and scheduled for completion next year.

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