![]() One of the most architecturally unique commercial buildings in northern Colorado has been purchased for $14.9 million, with plans to repurpose it as an innovation center. The 55,000 square foot structure, located at 101 S. Taylor Avenue in Louisville, is a custom-built building, made up of both sustainable and locally sourced materials. It was erected in 2013 on nearly 8 acres, and subsequently praised by the state chapter of the American Institute of Architects. Those sourced materials were designed to integrate the structure into the natural surroundings of the Rocky Mountains. The building was designed by the Denver-based firm of Arch11 and AGF Architects of Portland, Oregon. Sports apparel company Pearl Izumi built the facility, which includes a fitness room, collaboration space, employee living room, and men and women’s locker rooms, in the fall of 2013. Now the company Specialized Bicycle Components, which is based in Morgan Hills, California, has announced its purchase of the structure. In a statement from the company sent to the publication Bicycle Retailer, it was noted that acquisition of the Louisville building was spirited by a desire to produce bikes in a “functional, inspiring, and collaborative” workspace. New owner Specialized Bicycle Components is one of the largest bike manufacturers in the world. Founded in 1974, the company enjoys revenues in excess of $400 million. By Garry Boulard
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