Promontory Park
Greeley, CO
Master-Planned Mixed-Use Community
Westfield purchased a 670-acre parcel in Greeley, Colorado a few miles east of I-25 to create a major mixed-use project zoned for office, light industrial, commercial, service, entertainment and a variety of residential uses.
The first project within the park enabled State Farm Insurance to relocate from downtown Greeley into a consolidated business park-based campus environment. Westfield successfully negotiated a complex tri-party purchase and development agreement that included State Farm and the City of Greeley.
Promontory contains approximately 300 commercial acres and 250 residential acres as well as master-planned parks and open space. The 23-acre “Central Park” has lakes with waterfalls, trails and an outdoor amphitheater.
Financial development mechanisms included bond financing through two different Metro Districts and private financing. State Farm completed construction of a three-building, 500,000 square foot business campus and Swift and company purchased a site for an 80,000 square foot regional headquarters building.
Today, Westfield has land for sale zoned for office, retail, R & D, single-family and multifamily development. Promontory will mature into Northern Colorado’s premier work, play, and live environment over an ongoing 15-year planning horizon. Promontory’s total value at build-out should exceed one billion dollars.
Lincoln Station
Suburban Denver (Douglas County, CO)
TOD Mixed-Use Development
Lincoln Station is a mixed-use Transit Oriented Development (TOD) located directly adjacent to the light rail stop along Interstate 25. The first phase, completed in June 2008, includes three buildings. The signature building is a 150,000 square foot, six-story Class A office building contiguous to the station platform. A 25,000 square foot three-story office/ground floor retail building wraps the corner of the RTD parking deck and is adjacent to the main pedestrian route leading to the rail station platform. A second three-story building with 22,000 square feet of office space above 10,352 square feet of ground floor retail frames one side of the main entry into the project.
All buildings surround an outdoor public plaza with seating areas, a fountain and attractive landscaping to create a gathering place for Lincoln Station employees and residents. Restaurants utilize portions of this space for outdoor dining.
The office building is the first LEED certified (Green/Sustainable) building built in conjunction with the new southeast light rail line and only one of several sustainable buildings in the entire southeast Denver market. Kaiser Permanente purchased the remaining 26 acres of undeveloped land with plans to initially develop a specialty medical office building.
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