AdventHealth broke ground on a 375K SF hospital in Louisville that will replace its current facility, AdventHealth Avista, which is slated to open in 2023.
The $475M hospital, called AdventHealth Louisville, will sit on a 40-acre site in the Redtail Ridge development near US 36 and Northwest Parkway. The hospital will have up to 150 beds, with room to expand. It is expected to open in the first quarter of 2029.
AdventHealth Louisville
A rendering of the AdventHealth Louisville hospital
AdventHealth is working with Kimley-Horn, Turner-FH Joint Venture, Adams, SmithGroup and WSP to build the Louisville hospital.
The health network is dedicating 7.5 acres of the 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 firm’s private equity team. He replaces founder Blair Richardson, who served as 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 leased at the time of sale. The Denver office of Marcus & Millichap represented the seller.
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Global investment management firm Principal Asset Management is buying a proposed industrial development at 13900 Huron St., Westminster. The planned development, called Novera Commerce Center, includes three industrial buildings totaling 386K SF. It is expected to be delivered in the second half of 2027. CBRE is representing the seller, Minnesota-based Opus Development, and will work with Principal Asset Management to lease the building.
LEASES
Manufacturer CoorsTek is moving into its new global headquarters in The Pottery building, the first phase of a six-block, 14-acre redevelopment project in Golden. The 165-employee company occupies about 60% of the nearly 189K SF building. The larger mixed-use redevelopment, called Clayworks, will include urban apartments, shops, dining, a boutique hotel and public spaces, such as a plaza.
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Maria Empanada is opening a location in Denver Union Station. The eatery, founded in 2011, now has six locations across metro Denver.
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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 October 19. The restaurant opened in 2010 and is owned by the Gastamo Group, which also owns Homegrown Touch & dough, Lady Nomada, Birdcall and Perdida Mexican Kitchen.
CONSTRUCTION AND DEVELOPMENT
Denver released a small area plan draft for Burnham Yard, the preferred site for the Denver Broncos’ new stadium. The plan provides for building heights and transit and marks approximately 150 acres for the stadium and 700 acres for future redevelopment. The Denver City Council must approve the plan.
FINANCING
Denver-based Griffis Residential raised $207M for Griffis Premium Apartment Fund VII. The fund will help the company acquire 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 THIS
The Aurora City Council passed a data center restriction, banning data centers in areas zoned for mixed office-industrial development. Council members approved a ban to keep data centers away from schools and homes. Denver is also considering permanent limits on where data centers can open.