AdventHealth broke ground on a 375K SF hospital in Louisville that will replace its current facility, AdventHealth Avista, which opened in 2023.
The $475M hospital, called AdventHealth Louisville, will sit on a 40-acre site in the Redtail Ridge development near U.S. 36 and Northwest Parkway. The hospital will feature up to 150 beds, with room to expand. It is expected to open in the first quarter of 2029.
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AdventHealth is working with Kimley-Horn, Turner-FH Joint Venture, Adams, SmithGroup and WSP to build the Louisville hospital.
The healthcare network is dedicating 7.5 acres of its AdventHealth Avista campus to protected open space.
AdventHealth opened an 88K SF medical campus in Aurora last month.
PEOPLE
Denver-based Bow River Capital named Greg Hiatrides as its new CEO. Hiatrides previously led the company’s private equity team. He replaces founder Blair Richardson, who was CEO for 23 years.
SALES
Red Brick Apartments, a 17-unit apartment building in Lakewood, sold for nearly $2.5M, or about $145K per unit. The building was fully rented at the time of the sale. Marcus & Millichap’s Denver office represented the seller.
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Global investment management firm Principal Asset Management purchased a proposed industrial development at 13900 Huron St. in Westminster. The planned development, called Novera Commerce Center, includes three industrial buildings totaling about 386K SF. It is expected to be delivered in the second half of 2027. CBRE represented the seller, Minnesota-based Opus Development, and will work with Principal Asset Management to lease the buildings.
LEASES
Manufacturer CoorsTek moved into its new global headquarters at The Pottery building, the first phase of a six-block, 14-acre redevelopment project in Golden. The company’s 165 employees occupy about 60% of the nearly 189K SF building. The larger mixed-use redevelopment, called Clayworks, will include urban apartments, retail, dining, a boutique hotel and public spaces, such as plazas.
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Maria Empanada opened a location inside Denver Union Station. The eatery, founded in 2011, now has six locations across the Denver metro.
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Burger restaurant and bar Park & Co. will close at 439 E. 17th Ave. in Denver’s North Capitol Hill neighborhood on Oct. 19. The restaurant opened in 2010 and is owned by Gastamo Group, which also owns Homegrown Tap & Dough, Lady Nomada, Birdcall and Perdida Mexican Kitchen.
CONSTRUCTION AND DEVELOPMENT
Denver released a draft of the small area plan for Burnham Yard, the preferred site for the Denver Broncos’ new stadium. The plan addresses building heights and transit and earmarks about 150 acres for the stadium and 700 acres for future redevelopment. The Denver City Council must approve the plan.
FINANCING
Denver-based Griffis Residential secured $207M for its Griffis Premium Apartment Fund VII. The fund will help the company acquire high-quality multifamily properties across the U.S. The fund completed its first acquisition in March: a 263-unit apartment complex in West Palm Beach, Florida.
THIS AND THAT
The Aurora City Council passed data center restrictions, banning data centers in areas zoned for mixed-use office-industrial developments. Council members approved the restriction to keep data centers away from schools and homes. Denver is also considering permanent limits on where data centers can open.
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