Zoned Properties Expands in Colorado
- Apr 27, 2016
Parachute, Colo.—Zoned Properties of Scottsdale, Ariz., has recently announced plans to significantly expand its flagship Marijuana Business Park in Parachute, Colo.
The company, which focuses on identifying, developing, and managing safe and sustainable properties in emerging industries—including the medical marijuana sector—plans to expand its initial acquisition of 1.5 acres of land to 35 acres of available property for the facility expansion. Zoned Properties expects the acquisition of the land to close in late June, following approval of the proposed development plan by the Town of Parachute.
“Our hard work to secure a responsible and vested development deal with the Town of Parachute, our established relationship with the seller as a development partners, continuing collaboration with local Real Estate Broker Del Dawson, and our unique Triple-Set (SSS) design and development model have enabled us to rapidly expand this project to its full capacity,” Zoned Properties CEO Bryan McLaren said in a prepared statement.
“The Town of Parachute has embraced our Triple-Set (SSS) design and development model, which includes a focus on a sophisticated, safe, and sustainable set of design principles. We envision that this design model will enable projects such as Parachute to someday operate with ‘net-zero’ energy usage. As with our development projects in Arizona, we are finding that our prudent and responsible approach, which carefully balances the needs of the municipalities, our tenants, and each local community, is resonating with all stakeholders involved helping us to maximize the potential of our growing portfolio,” explained McLaren.
The medical marijuana business is booming in the Centennial State. Legal cannabis entrepreneurs sold more than $996 million worth of recreational and medical marijuana in 2015, according to The Cannabist.
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