This Week’s Denver Deal Sheet
The Aerotropolis Regional Committee has announced the official launch of the Colorado Aerotropolis, noting that the thousands of acres of undeveloped land around Denver International Airport are now open for business.
According to a press release, while residential development can be included in the so-called Aerotropolis, the committee is focused more on commercial and industrial development including business parks, industrial buildings, office buildings and hospitality venues.
The Aerotropolis project has been led by representatives from Adams County, the city of Aurora, city of Brighton, city of Commerce City, city and county Denver, Denver International Airport, Federal Heights and the city of Thornton.
CONSTRUCTION AND DEVELOPMENT
General contractor McCarthy Building Cos. Inc. and its design partner Page are celebrating the topping-out milestone of UCHealth’s 89K SF, three-story expansion and renovation to its Longs Peak hospital campus in Longmont.
The $55M expansion project, scheduled for completion in June of next year, will add immediate capacity for expanded clinical programs and additional shell space for future growth to the growing 83-bed hospital with a three-phased approach.
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The National Western Center announced a predevelopment agreement with Community Activation Partners to develop a hotel, parking garage and equestrian center at the redeveloped National Western complex.
The Equestrian Center Project will feature a 4,500-seat arena and a horse barn with more than 550 stalls. The parking garage will provide at least 580 parking spaces.
A hotel, with roughly 200 rooms, will be adjacent to the equestrian center.
The equestrian center will complete the last major facility from Phases 1 and 2 of NWC's master plan approved by the Denver city council.
In addition to hosting events during the National Western Stock Show each January, the equestrian center will create a year-round opportunity for equestrian events, NWC said.
SALES
Embrey, the Texas-based real estate investment company, purchased three adjoining parcels in Englewood for $19.8M for multifamily development.
The buyers intend to develop a 395-unit residential complex.
The site is within walking distance of the Oxford Light Rail Station, located just on the east side of Santa Fe at Oxford. The first units and clubhouse are expected to be available in late 2026 with project completion in 2027.
Fuller Real Estate, on behalf of the seller, received 20 offers on the property but decided on Embry due to their extensive experience developing in Colorado.
PEOPLE
Adolfson & Peterson Construction announced the appointment of John Herrera as president of the Mountain States region, which includes Colorado and Wyoming. Herrera succeeds Thomas Horsting, who is retiring after 40 years with AP.
Herrera began his career with AP as a field laborer in 1992 and rose through the ranks, most recently serving as vice president of field operations, beginning in 2018. He will be responsible for leading the team of over 300 Mountain States employees. In 2023, AP’s Colorado revenue was $505M.
THIS AND THAT
The Toronto-based firm Hydrostor, which specializes in storing energy from renewable sources for later use, is opening its U.S. headquarters at 1125 17th St. in downtown Denver.
Tom Duckett, Hydrostor’s chief development officer, said the company plans to hire 20 more people this year, boosting the Denver staff to about 30. The company employs roughly 100 people worldwide.
Hydrostor chose Denver as its U.S. base in part because of its industrial market.
