Broadstone on 9th

Environmental remediation and redevelopment of a portion of the former University of Colorado Health Sciences Center campus into 324 market-rate apartments.

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Approval Date

2013

Developer

LPL Denver Colorado Development LLC

Total Project Cost

N/A

DURA Participation

Up to $2.4 million of cost reimbursement to University of Colorado

Tax Increment Source

Property Taxes

Term

Earlier of reimbursement to the University of Colorado or the year 2038

Project Highlights

Eliminated blight with removal and clean up of vacant and deteriorating structures.
Provided needed housing options in a pedestrian-friendly, mixed-use urban center.

Lionstone Group purchased a portion of the former University of Colorado Health Sciences Center site in June 2013. Lionstone completed demolition and remediation of the 7-acre parcel, located in the southwest corner of the site. The parcel was sold to Alliance Residential for the development of 324 market-rate apartments. The apartment project was the first infill project of an eventual $500 million mixed-use community on the 26-acre property.