$3.1B Mixed-Use Development Coming to Aurora
A new $3.1 billion dollar development coming to the E-470 corridor in Aurora will bring nearly 5,000 new homes and 53 acres of parks and open space to the area. Located along 56th Ave. and E-470 in Adams County, the proposed development—Windler Public Improvement Authority—will include nearly 5,000 residential units, more than 2.2 million square feet of industrial, office and retail space, 750 hotel rooms across five hotels and 53 acres of parks and open space.
The developer group is GVP Windler, LLC. PCS Group is the architect and Piper Sandler’s Special District Group secured $287 million in funding for the project.
“As leaders in property and sales tax-backed transactions, we pride ourselves in creating unique financing structures in partnership with local governments and real estate developers to fund the public infrastructure needs of growing communities,” said Shelby Turner, senior vice president and public finance investment banker at Piper Sandler. “We’re excited to see Windler come together and provide versatile residential choices along with accessible community amenities to the ever-growing metro Denver area.”
Experts in special district and tax-increment financing, the Piper Sandler Special District Group serves clients across the country with dedicated teams in Denver and Salt Lake City by collaborating with local governments and real estate developers on innovative infrastructure financing.
“Every new special district we create in Colorado and beyond will ultimately lower home prices by providing governments access to low-cost, tax-exempt funding for roads, parks, water and wastewater infrastructure early in the development process,” said Zach Bishop, managing director of the Piper Sandler Special District Group. “Special districts and Public Improvement Authorities like Windler are providing solutions to the growing pains of our state and will help cities and counties cover some of the cost of this public infrastructure.”
Construction is expected to start in 2022 with completion expected by 2032.
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6 Comments
As a Denver native, it is appalling to me that developers are planning to put thousands of homes right in the flight paths of DEN. Getting people out from underneath the flight paths at Stapleton was part of the reason for a new airport to be built. Now, we are just repeating the mistakes of the past.
This state has gone to $h!t with over development
Let’s let developers rape the land bring in more people more traffic use water we don’t have only to line their pockets and build it under the flight path of DIA.as the previous comment said that is why we built the airport miles from the city so people wouldn’t bitch about the noise.We all paid to insulate homes in the flight path of Stapleton to reduce noise.My god will we ever learn.The city of Aurora should be ashamed,but I’m sure many o pocket will be filled with illegal cash.ASSHOLES.
Most of these developers aren’t from here either. They are often from other places, like Ohio. It’s disgusting.
No one even wants to live in these kind of developments.
Plus, the weather out that way is horrible. Our insurance rates will go up even more because of the hail damage from storms.
It makes me so sad that one of Colorado natural beauties is always being harvested for developments! The land and nature that we so admire is continuing to disappear. We are overcrowded as is .. please just stop!
Why don’t they put all the homeless out there?!