184-Acre Bioscience Park Breaks Ground on Former Army Site
- Sep 05, 2008
Construction began Wednesday as part of the transformation of the former Fitzsimons Army Medical Center in Aurora, Colo., for the 184-acre business park called Colorado Science + Technology Park at Fitzsimons. The project is being developed by Forest City Science + Technology Group, an affiliate of Forest City Enterprises Inc. The project began with the demolition of the existing Fitzsimons smokestack to make way for new, state-of-the-art scientific facilities. Plans call for Forest City’s first life science building to accommodate the growth of the region’s existing life science industry as well as existing incubator tenants on site. In addition, a Hyatt Place hotel and conference facility and an approximately 175,000-square-foot office building for University Physicians Inc. will be developed.Under the direction of the Fitzsimons Redevelopment Authority (FRA), the 578-acre Fitzsimons site is undergoing a total $4.3 billion renovation and transformation into a complex dedicated to patient care, education, basic science research and bioscience research and development. The redevelopment effort is anchored by the 227-acre campus of the University of Colorado Health Sciences Center (UCHSC) and Hospital (UCH) and the affiliated 160-acre Colorado Bioscience Park Aurora. The Fitzsimons master plan calls for up to 15 million square feet of phased new construction. The former Fitzsimons Army Medical Center now includes the Park, the Anschutz Medical Campus, The Children’s Hospital and Research Center, and the future Veterans Affairs Hospital. The area is expected to reach full development between 2033 and 2038. Overall, Forest City Science + Technology Group operates a portfolio of more than 2 million square feet of life science/technology office space with more than 8 million square feet in the planning or development stages. In addition to the Aurora complex, its properties are in major markets including Boston, Baltimore, Philadelphia, Chicago. Forest City Enterprises Inc. is a $10.5 billion NYSE-listed national real estate company, principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.