2025 Market Facts VRP - Flipbook - Page 57
ECO NO MI C PRO FI L E & MA R K ET FACT S 2025 | 49
PROFILE
17,937
POPULATION
15.96
SQUARE MILES
COURTESY AGILENT
An architect’s rendering depicts the $725 million, 198,000 square-foot expansion
of Agilent Technologies’ oligo manufacturing facility on its campus in Frederick.
5,454
HOUSEHOLDS
FREDERICK
Growth is ‘what matters’
for Carbon Valley town
$135,316
MEDIAN HOUSEHOLD
INCOME
FREDERICK — “Built on what matters” is the town slogan in Frederick, and what
matters to Frederick is its quality of life, expanding economy and rich history.
That expansion just keeps coming.
Agilent Technologies Inc. is building a $725 million expansion in Frederick’s Eagle
Business Park to double manufacturing capacity of therapeutic nucleic acids. Lawn care
company The Toro Co. selected Frederick for a research and development center for
its robotics division. Aqua-Hot Heating Systems LLC, which builds hydronic heating
systems for the recreational-vehicle industry, moved into a 44,000-square-foot building.
And Golden Triangle Construction Inc. moved its headquarters building from Longmont to Godding Hollow Parkway and Raspberry Way in Frederick.
Phoenix-based Evergreen DevCo Inc. recently wrapped up a project that adds to the
city’s retail mix. The newly complete 35-acre Silverstone Marketplace in Frederick is anchored by a 123,000-square-foot King Soopers grocery store that opened in May. Much
like the Fred Meyer stores familiar to residents of the Pacific Northwest, the expanded
format of King Soopers’ new Frederick store sells clothing and home goods in addition
to groceries.
Other Silverstone tenants include Wing Stop, Club Pilates, Domino’s Pizza, Cold
Stone Creamery, Great Clips, Blue Sky Nails & Lash, Five Guys Famous Burgers and
Fries, Pacific Dental and Chipotle. Additional pad tenants including Chase Bank,
Wendy’s and Valvoline are in various stages of plan review with the town, and openings
are anticipated in early 2026.
Silverstone Marketplace got a kickstart in May 2023 when the Frederick Town Board
approved the plat and development plan along with the service agreement setting standards and revenue profiles for the development. The shopping center is part of a new
metropolitan district; it had originally been part of other metro districts but was split off
by the town board because the marketplace is commercial and the other metro districts
nearby are residential.
In 2022, Hirsh Precision Products Inc. decided to move many of its operations to a
new facility in Frederick. The 65,000-square-foot location represents 28 new jobs for the
manufacturer. Hirsh specializes in aerospace, medical and scientific technology.
A part-time developer in Greenwood Village purchased a five acre plot of land in
Frederick’s Bear Industrial Park in 2020 with long-term plans to build additional flex
space. Other new entries include South Dakota-based Vikor Inc., a builder of telecommunications and utilities towers, and North Range Behavioral Health, which opened a
counseling center.
With those new business arrivals come the arrival of new residents. To meet that
growth, the town has seen the addition of 1,000 new housing units in the past five years.
The town launched a grant program for brick-and-mortar businesses to be used for
property improvements or purchase of new equipment, completed a study assessing the
viability in creating a downtown district, and partnered with several organizations and
grant programs to pursue an initiative for income-restricted multigenerational workforce housing.
$521,000
MEDIAN HOME
SALE PRICE
FOR SALE
OPEN
TAX
287
NO. OF BUSINESSES
6.4%
CITY, COUNTY,
STATE SALES TAX
36.5%
BACHELOR’S DEGREE
OR HIGHER
ONLINE RESOURCES
Carbon Valley Chamber of Commerce
www.carbonvalleychamber.com
Jennifer Norman, president & CEO
info@carbonvalleychamber.com
Town of Frederick
www.frederickco.gov
Tracie Crites, mayor
tcrites@frederickco.gov
Bryan Ostler, town manager
bostler@frederickco.gov
Max Daffron, economic-development manager
mdaffron@frederickco.gov
Upstate Colorado Economic Development
www.upstatecolorado.org
Rich Werner, president & CEO
rwerner@upstatecolorado.org
