SEPTEMBER 2024 | Global Newsletter

GLOBAL: Tips on Building a Perfectly Protective Hangar - Expert Design and Proper Implementation. From airplanes to helicopters and even luxury sports cars, a high-functioning aviation hangar structure will pay for itself many times over through impressive asset protection. The key to achieving maximum protection and function from this unique space is planning, expert design, and proper implementation. In this highly informative article, we will unpack the essentials of designing and deploying the right aircraft hangar for your specific needs and budget.

GLOBAL: Ingenuity and a Strong Grasp of Technology - It is well documented that China typically undertakes infrastructure projects on a grand scale. From airports to buildings and bridges as well as dams, the Chinese people with their remarkable ingenuity and firm grasp of technology have proven time and again that they can create some of the world’s most magnificent structures. The HAECO Xiamen aircraft hangar project is no exception. The company had its groundbreaking ceremony back in January of 2023.

GLOBAL: Wyoming’s Premiere Fly-In Community Featuring Homes with Direct Runway Access - Deeply Ingrained Curiosity. From a very early age some are drawn to aviation with the thought of becoming a pilot due to the sense of adventure, unbridled freedom, and a deep desire to explore the world from a uniquely different perspective. A common trait among aspiring aviators is naturally ingrained curiosity and a passion for overcoming challenges, coupled with the motivation to learn complex skills and navigate ever-changing environments. The true magic of flying rests in the raw sensation of breaking free from the constraints of an otherwise earthbound world.

NEW $15M HANGAR DEVELOPMENT BREAKS GROUND NEAR STEAMBOAT
Project Will Meet Growing Demand & Serve Private Jet Growth

CO: September 25, 2024 – Business Aviation Group, LLC (BA Group) and Wiens Real Estate Ventures (WREV), announce today that they have broken ground on a $15 million hangar development at the Yampa Valley Regional Airport (HDN) to serve the business aviation marketplace demand that has surged in recent years.

The 57,680 SF hangar campus will be located at the Yampa Valley Regional Airport (HDN), 24 miles west of Steamboat Springs, CO, known for world-class skiing and outdoor recreational activities. HDN is the hub for access to the northern Colorado mountains with a full spectrum of business aviation and commercial activity. The development has been in the planning, design and permitting phase for one and a half years and is scheduled to be completed in the fall of 2025 with leasing and/or reservations (Preferred Placement Program) for hangar space beginning in December/January.

Private jet operations have grown more than 75 percent in the last five years, and no new hangars have been added to HDN since 2006, making the development highly anticipated.

“We are thrilled to be underway with the Yampa Valley executive hangar project. It is a much-needed and anticipated amenity to the airport and community,” says Iver Retrum, CEO and partner, Business Aviation Group, LLC. “We especially appreciate all the support from the Yampa Valley Regional Airport (HDN) administration and our development partner, Wiens Real Estate Ventures, that helped bring these hangars to fruition.

”The development includes two 28,800+ square foot base/transient hangars with 28-foot and 20-foot doors. The hangar development will serve the northern Colorado region, the Yampa Valley and specifically HDN, as well as Colorado’s new exclusive ski resort, Stagecoach Mountain Ranch, a $200 million, 6,600-acre private ski mountain and ranch development by Discovery Land Company.

“Wiens Real Estate Ventures was very happy to be part of this new hangar development with Iver, Barry and the team at BA Group,” says Tim Wiens, owner of Wiens Real Estate Ventures. “I have been an active private pilot for many years and personally fly in and out of HDN, so I am very familiar with the area and the need for additional private hanger space to accommodate the continued growth and demand.

”Business Aviation Group, LLC is serving as lead developer for the project and won the initial RFP process to develop the hangars. Wiens Real Estate Ventures is co-developer and capital partner. Tally Ho Construction is the general contractor. All three entities are working closely with the Yampa Valley Regional Airport (HDN) to ensure a smooth construction process and delivery.

“We are very excited about the project, which is helping to meet a demand we couldn’t meet over the last 10 years,” says Kevin Booth, airport director, Yampa Valley Regional Airport. “The area continues to grow, and this development will give owners the flexibility they are looking for and bring business opportunities to the airport.”