Business Aviation Group (BA Group) and Wiens Real Estate Ventures (WREV) have broken ground on a $15 million hangar development at the Yampa Valley Regional airport.

The 57,680sq ft hangar campus will be located 24 miles west of Steamboat Springs in Colorado, known for world-class skiing and outdoor recreational activities. Yampa Valley Regional airport is the hub for access to the northern Colorado mountains. The development has been in the planning, design and permitting phase for one and a half years and is scheduled to be completed in autumn 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 per cent in the last five years, and no new hangars have been added at the airport 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, BA Group. “We especially appreciate all the support from the Yampa Valley Regional airport administration and our development partner, Wiens Real Estate Ventures, which helped bring these hangars to fruition.”

The development includes two more than 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 the airport, as well as Colorado's new exclusive Stagecoach Mountain Ranch ski resort, 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 owner Tim Wiens. “I have been an active private pilot for many years and personally fly in and out of Yampa Valley, 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 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 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 airport director Kevin Booth. “The area continues to grow, and this development will give owners the flexibility they are looking for and bring business opportunities to the airport.”