Local Developer Receives $50M Construction Financing for Broomfield Apartment Project
Boulder-based developer Mountain View Capital has received a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a 276-unit, to-be-built, luxury, garden-style multi-housing community in Broomfield. Senior Director Kristian Lichtenfels with JLL represented Mountain View Capital, in arranging a five-year, floating-rate loan with a national bank. With an …
Alliance Construction Solutions Breaks Ground on Stanley Residential
Alliance Construction Solutions (Alliance) has broken ground on Stanley Residential—a collaboration between Westfield, Shears Adkins Rockmore (SAR+), and Alliance. The 190,000-square-foot project, located just south of Stanley Marketplace in Aurora, will provide two 4-story buildings and include 168 Class A apartments with a boutique approach to amenities targeting the workforce housing …
New Construction Company Forms in Colorado Springs
Saunders Construction and Norwood Development Group have formed a new construction company—Saunders Norwood Construction (SNC)—focused solely on building within the Pikes Peak Region including the counties of El Paso, Teller, Fremont, Pueblo. Headquartered in Colorado Springs, SNC will offer construction management, general contracting and design-build services for commercial, institutional, K-12 and …
ABC RMC Names New President
Associated Builders and Contractors Rocky Mountain Chapter (AMC RMC) announced today that Ann Guiberson has been named president and CEO of the chapter. “ABC Rocky Mountain is pleased to welcome Ann to lead the chapter staff, members and merit shop throughout the state,” said Kelly Eustace, chair, ABC Rocky Mountain Chapter. …
Pepsi Proposes Bottling Plant Near DIA
PepsiCO is planning to build a large scale bottling facility near the intersection of Tower Road and Pena Boulevard, according to a “large development review” document submitted to the City of Denver. Pepsi Co, Inc. and its affiliate, Bottling Group, LLC is under contract to purchase the 148 acres, currently owned …
Groundbreaking: Phase 2 Great Hall Project
Phase 2 of Denver International Airport’s Great Hall Project broke ground earlier this month. The primary focus of Phase 2 is to enhance security by relocating the security checkpoint at the south end of Level 5 to the northwest corner of Level 6 in the northwest corner of the Jeppesen Terminal. Denver International …
The Neenan Company Break Ground on PMCU Thornton Branch
Colorado-based design-build and development firm The Neenan Company has broken ground on Premier Members Credit Union’s (PMCU) first branch office in Thornton. Founded in Boulder nearly 60 years ago, the not-for-profit financial institution’s expansion into Thornton marks its 16th retail branch location. The 1,900-square-foot facility will be located at 755 …
Groundbreaking: Mental Health Facility in Salida
Solvista Health and GH Phipps have broken ground on a new mental health facility in Salida that will provide holistic care to individuals and their families. The architect is HGF Architects. The new 15,000-square-foot mental health facility will house services devoted to substance use withdrawal treatment, acute mental health treatment, …
22-Acre Industrial Project Breaks Ground Near DTC
Phase I of HUB Arapahoe, a 304,172-square-foot, 22-acre industrial warehouse campus development 1.5 miles east of I-25 at Arapahoe Road. HUB Arapahoe, which is owned and developed by Jordon Perlmutter & Co., will be the closest new generation warehouse development to the Denver Tech Center. “We are excited to break ground on HUB …
Sears Building to Become Luxury Apartment Complex
Evergreen Devco, Inc., a retail and multifamily development company, has paid $5.7 million for the Sears store property at the Chapel Hills Mall in Colorado Springs. Evergreen purchased the vacant property, which included the two-story, 141,000-square-foot building, parking lots and 12.6 acres, from Northwood Investors. The store, built in 1981, served …