Denver, CO – Northstar Commercial Partners recently announced its acquisition and groundbreaking of a 1.56-acre vacant parcel of land in Denver’s Stapleton neighborhood. Northstar will develop the property located at 2979 Uinta Street into an assisted living and memory care senior living community. The development will be a new construction project of a ±63,283 SF building catering to residents who require assistance for day-to-day activities and patients who suffer from dementia and Alzheimer’s.
“This investment allows Northstar the opportunity to improve a vacant land site and construct an establishment that ensures the health, safety and well-being of senior residents, while making a positive contribution to the community,” said Brian Watson, Founder & CEO of Northstar Commercial Partners.
The planned 74 total units (58 assisted living and 16 memory care) should be coming online in Spring 2017. Brinkmann Constructors is the contractor.
Stapleton is an urban redevelopment of the land that is the former Stapleton International Airport and includes over 19,000 residents, 50 parks, and 38 miles of trails. Stapleton is widely considered to be a successful redevelopment project that supports some of the strongest demographics in the State.
Watson explained that, “One of the most important factors to a successful senior living community is hiring the right operator. Northstar is pleased to have teamed with Balfour Senior Living, which is one of the most respected regional operators in Colorado and is well known nationally.”
The Balfour at Riverfront Park community in Downtown Denver is considered one of the premier senior living facilities in the country and has won eight local and national design awards including a Hospitality Design Magazine Award for “Best Design” in the senior living/health care category.
The newly-purchased property provides senior residents and their guests proximity to the Stapleton Town Center, anchored by a King Soopers grocery store and the Quebec Square power center with national retailers including: Walmart Supercenter, The Home Depot, McDonald’s, Panera Bread, Office Depot, Ross, Sam’s Club, and many other retail stores.
“The ability to construct a brand new facility near such extensive retail development offers many options to our residents and their visiting family members,” Watson continued. “Stapleton creates an ideal living choice for seniors who are able to make use of these amenities.”
There are two age restricted, independent living communities in close proximity to the property. “The purchase of this Stapleton property has been and will continue to be an exciting prospect as we now work toward the development stage of the premier senior living community, in hopes of providing real value to local residents in need,” Watson concluded.
In addition to this project, Northstar is in the process of developing several other senior care and medical facilities throughout the United States.
Photo credit: Balfour Senior Living