Sterling Bay, a national real estate investment, development, and management firm, has secured $88 million in General Obligation Bonds to fund infrastructure for the highly anticipated Redtail Ridge development in Louisville. The financing, completed in partnership with Piper Sandler Special District Group, sets the stage for groundbreaking on the mixed-use life sciences and innovation campus this spring 2025.
Redtail Ridge is a visionary, mixed-use campus development designed to meet the growing demand for life sciences, R&D, bio-manufacturing, office and industrial facilities. The 2.6 million-square-foot campus will also feature a robust amenity center and more than 20 miles of trails and dedicated open spaces.
“Redtail Ridge is a transformational project that brings together cutting-edge life sciences and innovation with unparalleled dedicated open spaces and community benefits,” said Rodney Richerson, managing principal at Sterling Bay. “This partnership represents the culmination of years of collaboration, planning and investment in Boulder County’s future.”
“We are proud to support a project that will drive economic growth, foster innovation, and expand opportunities for the life sciences sector in Colorado,” said Shelby Noble, managing director at Piper Sandler Special District Group.
Redtail Ridge’s strategic location on Highway 36 between Denver and Boulder is an ideal setting for a life sciences hub, given its highly educated population and proximity to four top-ranked bioscience programs at the University of Colorado-Boulder, Colorado State University, University of Denver, and University of Colorado-Denver. With a rapidly growing life sciences ecosystem and record-breaking private and NIH funding exceeding $9 billion over the last five years, Colorado continues to solidify its reputation as a premier destination for innovation.
Construction on the first phase of Redtail Ridge’s horizontal infrastructure is set to begin in spring 2025. The first vertical phase is anticipated to commence later this year. The horizontal infrastructure, designed in collaboration with leading architectural firm Perkins & Will and constructed by Mortenson, will adhere to all local environmental and noise ordinances.
