Small business owners have moved out of Green Valley Ranch

Small business owners have moved out of Green Valley Ranch

Many local businesses are branching out from one of Denver’s most diverse areas, leaving the dominant chains behind.

DENVER — In one of Denver’s most diverse areas, local business owners say they’re continually being priced out by chains.

Green Valley Ranch is the fastest growing area of ​​the city. About 17 miles from downtown Denver, the area offers more affordable prices for families looking to buy a home.

Although home prices are lower, new construction and infrastructure in the area mean higher mill charges; what homeowners and business owners pay in property taxes on real estate.

Many business owners said they were priced out of space as a result of base rent increases when they wanted to set up their businesses in Green Valley Ranch.

Nikki Alvaro, owner of Crowning Glory Hair Salon, has been in Green Valley Ranch for six years. During that time, his rent has doubled. He moved to nearby Montbello for two years, and now he’s in a temporary space in Aurora that’s less than 300 square feet.

“We cannot afford to stay there,” Alvaro said. “The rent is too high and we can’t afford to be there. So we have to do these alternate situations or have to go to Aurora.”

Many of his clients watched as he bounced between temporary spaces. Shiva Maxey has been with him for the last 18 years.

“Everywhere he’s gone, I’ve followed him because he’s good,” said Maxey, who has also become a friend. “It’s a bit of a push [now]”.

Maxey said Alvaro’s is the only hairdresser she trusts, and there aren’t many other options for women with different hair types in the neighborhood.

“In a community that is so diverse like this, we stand out,” Alvaro said.

“I’ve been through a lot of emotions with him,” Maxey said. “We were so happy when he found the place in Green Valley and it was convenient for so many people. Then, of course, when he had to move, it was really sad.”

Alvaro and his real estate advisor have been working to help him bring his business back to the community he calls home, but finding anything affordable has been difficult.

Many older buildings are more affordable, but there aren’t many that are vacant in Green Valley Ranch, which is dominated by newer buildings.

Her real estate advisor, James McPartlan, has been working with her for about three years as she tries to move into the community.

“It’s extremely difficult and it’s very sad because they live in the community,” McPartlan said. “They were doing business in the community. They are a popular product among the public. The price that citizens can pay is what mothers can buy.”

Many developers would prefer to lease their properties to national chains, which can often offer higher returns, he said.

“I understand their plight and feel for them,” he said. “I want to bring them back to their communities where they can continue to grow their businesses, where they are a known commodity.”

At one point, when Alvaro was at Green Valley Ranch, he had many stylists working for him. Since then, he has had to let people go because he doesn’t have the space to accommodate so many employees.

“I will not complain. I’ve been really blessed to be able to go somewhere fast, but I’ve outgrown it tremendously,” Alvaro said.

He and his real estate agent aren’t giving up on returning home, but know the journey will take time.

“When you’re a business owner and you have a vision, and when you’re strong in where you want to be, because I’m strong in where I want to be, I’m just unmoved,” he said.

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