Hammers Construction staying on solid ground
By: Joan Johnson
Colorado Springs Business Journal
Those in the construction industry are no stranger to the Pikes Peak region boom and bust cycles. Yet Hammers Construction, Inc. keeps bulldozing along after 21 years in business and the construction of more than 256 buildings.
Whats the key to their success? “Putting the land underneath us,” said President Steve Hammers. “We buy land, stay in it and mature it. Colorado Springs has always been a roller-coaster in construction. It’s never crawled to a complete stop.” Hammers said it took a lot of harder work, digging deeper for financing and taking a stab at developing when property became scarce, but the point is, they survived. Perhaps that’s because Steve and his brother Dave were born into the construction industry, but HCI’s inception came long before the business branched out to Colorado Springs.
It began 51 years ago in Perham, Minn. by their father, who now runs the business with his brother and one son. Steve and Dave’s nephew, Jeremy Hammers, joined their business in 1993. HCI has built office complexes, medical facilities, retail centers, industrial office warehouses and land development. “Development projects are the most challenging, but the most rewarding,” Steve said.
“We had pre-solds and then found out from Cherokee that we didn’t have a water source. We were the first guys to bring in outside water and deed water to Cherokee for us to have it. We did it in record time.”
To Be Continued…