DENVER - MARCH 9, 2015 – Continuum Partners and its partner CIM Group announced today that it began abatement and demolition work at the 9th & Colorado Project, the 26-acre site of the former University of Colorado Health Sciences Center in Denver’s Bellevue-Hale neighborhood. The demolition includes nearly all of the existing buildings on the site except for a 1,000 car parking structure, the former Nurses’ Dormitory building, and the five-story Research Bridge that spans 9th Avenue. Upon completion, the multi-phased redevelopment project will feature a mix of uses including residential, retail, office and hotel.
Surrounded by mature residential neighborhoods and the Colorado Boulevard commercial corridor, 9th & Colorado is a prominent and highly anticipated urban infill project. Plans for the redevelopment call for the creation of a pedestrian-friendly mixed-use environment that will complement and connect with the surrounding neighborhoods. The plan includes plazas and public spaces, and the adaptive reuse of the Nurses’ Dormitory and Research Bridge buildings.
“This is a significant milestone for the 9th & Colorado Project,” said Continuum Partners Development Director Frank Cannon. “We’re excited to be underway with the abatement and demolition, with buildings coming down we are one step closer to bringing the development plans to reality.”
“We are thrilled that the 9th & Colorado redevelopment is finally underway with demolition beginning this week,” said Denver City Councilwoman Mary Beth Susman. “This will be a landmark project for both the neighborhood and the City of Denver and we look forward to seeing its progress over the months to come.”
Abatement and demolition activity, overseen by Saunders Construction, the general contractor, is scheduled to take place over approximately 16 months. Planning and design of the first phase of the new development is well underway with vertical construction anticipated to commence later this year, while the demolition activity is still in process. Demolition, construction and development updates will be available at http://9thandcolorado.com/.
“The neighborhood is excited to see that the project is moving ahead after years of dashed hopes and collapsed plans with prior groups,” said Laurie Bogue of Colorado Boulevard Healthcare District. “We are looking forward to the completion of this significant project, and keeping this in mind during the period of disruption and construction. We feel confident that the 9th & Colorado project team will make this part of the process as seamless possible.”
About Continuum Partners
Continuum Partners, LLC is a progressive development firm specializing in building urban mixed-use developments that create successful pedestrian environments and integrate effectively with the surrounding urban fabric. Founded in Denver, Colorado in 1997 with a deliberate mission to create sustainable human habitats of extraordinary character and enduring value, Continuum Partners has established itself as a national leader in urban, mixed-use, large-scale projects.
About CIM Group
CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in three primary strategic categories: repositioning and development projects in established and emerging urban areas; well-positioned operating properties in transitional and established districts; and infrastructure. CIM manages three distinct portfolios, including opportunistic, stabilized and infrastructure funds, each of which are diversified by geography and type of property within that risk profile. Headquartered in Los Angeles, CIM maintains regional offices in New York City, the San Francisco Bay Area, Bethesda, Maryland, and Dallas. For more information, please visit www.cimgroup.com
For Continuum Partners