Colorado 2024 Industrial Construction & Manufacturing Projects

Colorado continues to be a hotspot for industrial construction and manufacturing investment. According to Industrial SalesLeads’ 2024 capital project report, the state recorded 61 newly identified industrial projects, spanning from large-scale processing facilities to data centers and warehouse expansions.

Industrial SalesLeads monitors North American planned industrial projects, including new plant construction, facility expansions, relocations, and equipment modernization projects. The Colorado 2024 data reflects steady investment and growing diversity across industries. The following are selected highlights on recent Colorado industrial construction news and manufacturing capital projects.

Colorado Industrial Construction by Project Type

• Manufacturing Facilities – 12 new projects

• Processing Facilities – 17 new projects

• Distribution & Warehousing – 19 new projects

• Power/Energy/Oil & Gas – 2 new projects

• Laboratory Facilities – 2 new projects

• Data Centers – 2 new projects

Industrial Construction refers to large-scale facilities designed for production, distribution, and energy — distinct from residential or commercial real estate development.

Colorado Projects by Scope & Activity

• New Construction – 29 projects

• Expansions – 13 projects

• Renovations & Equipment Upgrades – 17 projects

• Relocations – 11 projects

• Plant Closings – 7 projects

Q: What’s the difference between new construction and expansion projects?
A: New builds add net-new facilities, while expansions grow existing plants to boost capacity.

Colorado Industrial Projects by Equipment Need

• Compressed Air Systems – 49

• Mechanical Construction – 45

• Floor Coatings – 34

• Material Handling/Storage – 32

• Conveyors – 31

• Air Emissions Control – 24

• Control Systems & Instrumentation – 24

• Packaging Equipment – 16

• Process Equipment – 12

• Tanks/Vessels – 11

Largest Planned Projects

The largest Colorado project of 2024 comes from Philip Morris International, which is investing $600 million to build a new processing facility in Aurora, CO, slated for completion in late 2025.

Additional high-value projects include:

• A new data center in Parker, CO (249,000 sf, completion 2026)

• A pharmaceutical expansion in Boulder, CO

• Foodservice distributor renovation in Colorado City, CO

Top 10 Tracked Industrial Projects in Colorado (2024)

• Colorado Springs: Solar panel mfr. considering site for new plant

• Denver: Tire retailer upgrading 339,000 sf warehouse

• Boulder: Pharma expansions and potential new processing facility

• Thornton: Battery mfr. expanding manufacturing operations

• Centennial: 123,000 sf warehouse/food storage facility upgrades

• Mead: Greeting card mfr. upgrading 110,000 sf plant/office facility

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL, has been a trusted source of industrial market intelligence. Our services deliver timely insights on companies planning new construction, expansions, relocations, equipment modernization, and plant closings across North America.

Looking to connect with companies behind these projects? Our Outsourced Lead Generation Services help your sales team secure qualified meetings with decision-makers. Each month, our team provides hundreds of industrial reports within a variety of industries, including:

Data Centers