Concourse 56 | Revere

OFFERING OVERVIEW

The opportunity overview for Concourse 56 includes a premier industrial development opportunity encompassing approximately ±242 acres of land zoned Airport District (AD) at the northwest corner of East 56th Avenue and Haysmount Street in Aurora, Colorado (APN: R0083679). Strategically positioned within the rapidly growing Denver Airport Submarket, Concourse 56 offers exceptional infrastructure, utility access, and tax advantages for industrial users.

The utility advantages of Concourse 56 include a 24-inch waterline approved under Aurora Water specifications, providing robust capacity for industrial-scale operations. Concourse 56 is currently in the Civil Design Review phase with the City of Aurora for a Force Main sanitary line installation along East 56th Avenue. This system will integrate with the Aurora Water Gravity Sanitary Sewer System, enabling high-volume potable water return and supporting large-scale industrial tenants. The Force Main system eliminates the need for a Package Plant, a common workaround in areas lacking municipal capacity. This solution is expected to yield cost savings exceeding $6–$7 million, while also avoiding the lengthy permitting process with the Colorado Department of Public Health and Environment (CDPHE). High-speed fiber connectivity is available via Viaero Fiber Networks, with lines already installed along East 56th Avenue.

The tax advantages of Concourse 56 are linked to the site being located within the Bennett School District, offering a significant property tax advantage compared to nearby parcels in the Aurora School District. Concourse 56 is assessed at 70.050 mills, with 25.283 mills attributed to the Bennett School District. In Comparison, there are several nearby properties that are within the Aurora School District which includes 71.331 mills for the school district alone. This differential translates to an estimated 35–40% reduction in property taxes which equates to roughly $1.25 - $1.75/SF, enhancing the long-term financial viability for tenants and developers.

The ownership team brings extensive experience in infrastructure, horizontal development, and utility systems. Their proven track record and deep understanding of these elements enhance the unique value proposition of Concourse 56.