Sterling Bay Secures $88M for Denver-Area Life Science Campus

Sterling Bay and partner Piper Sandler Special District Group have secured $88 million in bonds to begin infrastructure work at Redtail Ridge—a 2.6 million-square-foot mixed-use life science campus in Louisville, Colo. Infrastructure work begins this spring.

The developer acquired the 389-acre site more than two years ago. The property had been vacant for more than 20 years and previously served as the global headquarters of data storage firm StorageTek.

The first phase of Redtail Ridge is being designed by architectural firm Perkins & Will and will be constructed by Mortenson. The initial phase is expected to be complete in 18 months, with the first delivery of buildings set to take place in late 2026.

The developer anticipates constructing two industrial and/or manufacturing buildings—one 95,000 square feet and the second 144,000 square feet—along with a 100,000-square-foot life science building in the first phase. The site will also include a new home for the 160-bed AdventHealth Avista Hospital. The full build-out is expected to take six years.