A Year in Review from Vice President Eric Blanke

2024 was a great year for us at Haselden Construction. Our teams celebrated several amazing milestones as we broke ground, topped out, and wrapped up projects. Reflecting back on the year and looking forward to 2025, there are many things to be grateful for.

We completed over two dozen projects over the past year in several of our core markets including healthcare, mountain resort, higher education, and k-12 education. Most notably, we completed our largest project in Haselden’s history, Intermountain Health Lutheran Hospital. This new ground up replacement hospital for the existing Lutheran Medical Center is truly designed for the future with innovations in floor layout, pandemic control, and patient comfort. In the mountains, we completed our third and fourth project with East West Partners in the Snowmass Base Village – the Cirque Residences at Viceroy and Aura. Aura is one of the first mass timber structures in the Rocky Mountain region and is pioneering future resort developments. We were also honored to receive industry recognition with the AGC ACE Award for the Vail Precourt Healing Center. This achievement highlights the hard work, expertise, and collaboration of our entire team and our long-time partnership with Vail Health.

2024 also saw our expansion into Montana as Haselden Montana Constructors. After years of planning and exploration, we made the decision to open an office in Bozeman, Montana. In the months since we made the announcement and officially opened our office, we have seen tremendous support from the community in Montana as well as our partners in Colorado. At our initial open house in Bozeman, our team was able to connect with people across the Montana industry and begin building relationships with key stakeholders. We are incredibly excited for the opportunities this new office brings and the chance to build the Montana community. Thank you to everyone who has made this expansion possible.

Looking ahead to 2025, our team remains optimistic about the construction market. The architectural billings index broke 50 in October, signaling a potential uptick in project starts for the latter half of the year. In November, Colorado voters passed over seven billion dollars in bonds which will bolster K-12 construction for the next several years. We expect developer-led work to continue at the slower pace of 2024. If the Federal Reserve drops interest rates again as expected, we could see a potential increase in projects as financing becomes easier to secure and tenants are more optimistic.