BikeSource is wheeling into RiNo.
The Centennial-based bike shop chain signed a lease last month for a 3,118-square-foot space at 2628 Walnut St., according to Eric Truman, BikeSource’s Colorado market manager.
“We’re seeing an increased demand for e-bikes,” Truman said. “RiNo is the epicenter for people looking for an active lifestyle and who don’t rely on the convenience of a car to get around. So, we thought it would be the perfect spot to introduce e-bikes to a downtown clientele and demographic.”
Truman said BikeSource is targeting a spring opening date, but has not made any definite plans.
BikeSource’s unit was previously home to software company Pairin and Real Green Marketing and is located next to 10 Barrel Brewing. The property is owned by Edens, which has spent about $75 million on real estate in the immediate vicinity since 2018.
BikeSource already has three year-round locations in Colorado: one along Colorado Boulevard in Denver, one in Highlands Ranch and one in southwest Littleton. It also has a seasonal store at Winter Park Resort.
Outside Colorado, the company has shops in Columbus, Ohio, and Charlotte, North Carolina.
The company sells a wide range of bikes, including Santa Cruz, Raleigh electric bikes, iZip and Jamis. Its locations also offer repair services, bike fittings and trade-in programs.
“The demand for bikes, in general, has really skyrocketed, but of course we have faced some supply challenges on the manufacturing and retail side,” Truman said. “We are seeing a lot of riders move toward e-bikes in order to get back into the sport without having to deal with the physical effort it takes to reintroduce yourself.”
The bike industry has seen a 40 to 50 percent increase in sales during the pandemic compared to 2019, and Truman said BikeSource has been no exception.
“Nobody expects it to maintain that trajectory in 2021,” Truman said. “We may see a dip, but it won’t drop down to 2019 levels anytime soon.”
BikeSource will be joining two bike shops in RiNo: The Urban Cyclist and RiNoVelo, which builds custom bikes.