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    Retail and Hotel Follow Opening of St. Anthony North Health Campus

    4/30/2015
    Orchard Park Place receives city approval for a Courtyard by Marriott hotel and 25,200 square feet of retail space just west of the new health campus at 144th Avenue & I-25.
     
    The $177 million St. Anthony North Health Campus is the most prominent new development on the north I-25 corridor and it is helping drive more growth, including a hotel and new retail.
     
    The health campus sits on a portion of an approximately 60-acre site that Mesa, Arizona-based Arizona Gold Properties acquired in 2005, when plans were being made for a new interchange at 144th Avenue for the more than-1 million-sf Orchard Town Center to the north.   After selling approximately 35 acres to Centura Health, Mesa Gold had approximately 20 remaining acres immediately to the west, across Orchard Parkway, where it is developing Orchard Park Place. The first phase will include new retail space at 144th Avenue and Orchard Parkway and a neighboring hotel at 144th and Huron Street.
     
    Development would have occurred without St. Anthony North, but the medical campus certainly helps, according to Rob Friend, a partner in Mesa Gold Properties.
     
    There is "a lot of excitement and new energy" in the vicinity with the hospital and residential growth that's occurring and planned, including McWhinney’s 935-acre North Park development in Broomfield, to the north of Orchard Town Center.
     
    McWhinney will start building luxury apartments at North Park this year.
     
    Directly east of the St. Anthony North Health Campus on the east side of 1-25 in Thornton, The Staenberg Group continues to add retailers at The Grove, anchored by Cabela's.  An outlet mall also is being proposed at East 136th Avenue.
     
    "This area is quickly becoming the place to be in Denver north metro," said Friend.
     
    Mesa Gold Properties has received approval of its official development plan review from the city of Westminster for the first phase of its development, which will include a four-story, 92-room Courtyard by Marriott hotel and two 12,600-sf multi-tenant retail buildings.  
     
    Mesa Gold has letters of intent from Noodles & Co., Einstein Bros Bagels and a concept new to Colorado, Bricks Wood Fired Pizza.  It also has a couple of pad sites for casual sit-down and fast-food restaurants.
     
    The company started grading and infrastructure work in April and will have the retail buildings ready for tenant improvements by the end of the year.  Construction of the hotel is expected to start in June and take a year to complete.
     
    The Marriott will feature stucco, stone and pre-finished metal wall panels.  The two retail buildings will have stucco, brick and storefront canopies.  An art plaza will be located at the northeast corner of the center, with a bronze sculpture and a pedestrian plaza area.
     
    "The trade area, we've found, is in desperate need of retail development, especially the smaller-format retail that we're developing," said Friend.
     
    There also is a need for hotel rooms, he said, noting the nearest hotels, around 120th Avenue and 1-25, "have been around for a while." "If you look at the motel market along the I-25 corridor, really there's nothing north of 120th and 1-25, so a new brand like a Courtyard by Marriott, we feel, would do very well."
     
    Mesa Gold is considering a couple of options for development of the second phase of Orchard Park Place.  “Option 1 is four or five retail junior anchors like soft, goods, sporting goods.  Another option would be office that complements the hospital and all the residential growth that is taking place in that area," said Friend, who added the company is evaluating whether there are potential development partners for that phase of the project.

    Sources:  Jill Jamieson-Nichols, Colorado Real Estate Journal, February, 2015, and City of Westminster
Westminster Colorado Economic Development Office 4800 West 92nd Avenue Westminster, CO 80031