EFG Brownfield Partners Plan Mixed-Used Redevelopment of Former St. Anthony Central Hospital Site
- Dec 09, 2011
The redevelopment of the former site of St. Anthony Central Hospital, which moved in June from West Denver to a new location in Lakewood, will be up for discussion in two west Denver neighborhoods, The Denver Post reports. EFG Brownfield Parners is exclusively negotiating with Centura Health to redevelop the site and will meet with various neighborhood organizations over the next months to discuss the project.
The site, delineated by West 17th and West Colfax avenues and Perry and Stuart streets, is zoned for five-story mixed-use development. Vice president of development services for EFG Brownfield Partners, Cameron Bertron said, “It is a unique opportunity to do an infill project in an area with a lot of history and a lot of roots that has the opportunity to really revitalize a much broader area than just the 19-acre site.”
Back in 2006, the St. Anthony Central Redevelopment Task Force, made up of city, hospital and neighborhood officials, recommended that the redevelopment project preserve mixed-income housing anchored by a health care component. A study later confirmed the demand for mixed-used development in the area including 700 residential units. Residents in Sloan’s Lake and West Colfax agree the health care presence on the 18.85-acre site will be vital.
In other real estate news the number of metro-area homes sold or placed under contract dropped in November from October. The homes and condos available for sale dropped to 14,275 units and Boulder mortgage banker Lou Barnes attributes the market chill to the economic uncertainty.
On the bright side, the number of mortgage delinquencies and foreclosure activity this year has dropped in Colorado, thus reducing the number of “distressed” properties on the market.