A development plan pertaining to a massive 389-acre site in Louisville, Colorado is expected to be unveiled sometime early next year.
The site, on the southern side of Louisville at the intersection of US Route 36 and Northwest Parkway, has been the subject of spirited debate regarding a proposal to turn it into a mixed-use development.
That proposal, by the Denver-based Brue Baukol Capital Partners, has called for the construction of some 2.5 million square feet of commercial development.
What is being called Redtail Ridge would also see just over 1,300 age-restricted residential units, and another 900 units, of which 224 would be designated as affordable housing.
Decades ago, the property in question was a mining site and has been previously owned by the Storage Technology Corporation as well as the exploration corporation ConocoPhillips.
Now Brue Baukol, specializing in real estate investment, has officially purchased the site for an undisclosed amount.
Last summer, Brue Baukol presented an outline of its development plans for the Redtail Ridge project to the Louisville City Council. But those plans sparked opposition from area residents objecting to the density of the project as well as the traffic it may spark.
Brue Baukol officials have since said that they have taken into consideration concerns about the project, concerns that may be more fully addressed in the revised development plan.
In a statement, Geoff Baukol, president of Brue Baukol, said the company understands “what it takes to transform this site into a place that meets the demands of modern companies, while maintaining what we all love about Colorado, including ample open space and trail connections.”
By Garry Boulard
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