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Chicago & Midwest  + Downtown  + Industrial  |  August 27, 2024
Jasmine Kilman
By: Jasmine Kilman

Sterling Bay Secures Approval for CO Campus Development

Sterling Bay has received final approval for its plan to develop Redtail Ridge, a new innovation district, in Louisville, Colorado. The multi-phase development project will transform a vacant 475-acre site into a mixed-use innovation campus with life sciences, research & development, manufacturing, industrial, office and retail buildings.

The campus is located in Boulder County along the US 36 corridor and is under contract to be anchored by a new home for AdventHealth Avista Hospital. Upon completion, Redtail Ridge will generate $4.9 billion in annual economic activity and feature more than 139 acres of public parks and dedicated open space, as well as 2.54 million square feet of commercial space.

“Redtail Ridge will not only be the premier innovation and life sciences destination, but it will also be one of the most sustainable campuses in Colorado, generating significant renewable energy and opening more than 139 acres of open space, public parks and trails,” said Andy Gloor, Sterling Bay CEO.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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