We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The new medical center will be built on 70 acres near the northeast corner of Interstate 25 and Colorado Highway 52 at an estimated cost of $20 million to $30 million. It will include cardiology and diagnostics departments, among others, said Karen Logan, a hospital spokeswoman. The building is scheduled to open in December, she said.
Future plans call for a new hospital and a separate, stand-alone emergency department to be built on the site, Logan said. No timeline has been set for future construction, she said.
The medical center project originally was announced in December 2010 as a joint venture between Longmont United Hospital and Poudre Valley Health System in Fort Collins through an entity called Carbon Valley Healthcare Holdings Corp. At the time, construction was slated for spring 2011.
Building construction was delayed because of the poor regional economy in recent years, Logan said Thursday. In the interim, Poudre Valley Health System partnered with University of Colorado Health, a health system headed by University of Colorado Hospital based on the Anschutz Medical Center campus in Aurora. University of Colorado Health remains in the joint venture on the land, but will not be involved with the current building project, said Dan Weaver, a University of Colorado Health spokesman.
Longmont United Hospital will lease the land owned through the joint venture, Logan said. Longmont United Hospital purchased the site in August 2010 for $7.19 million with plans for future expansion, officials said at the time.
H+L Architecture’s Denver office is managing the medical office building project, said Ariel Madlambayan, a principal at H+L and the project manager. Fransen-Pittman Construction Co. Inc. in Denver is the general contractor, Madlambayan said.
“Health care is pretty competitive, as you know,” Madlambayan said. The new building “is primarily meant to service the town of Frederick and surrounding areas, so I think there’s a need for it.”
The Indian Peaks name, chosen through a contest, reflects the iconic mountain range visible on the western horizon from the site.
In October, Exempla Healthcare bought 48.9 acres at the northwest corner of Interstate 25 and Colorado 52 in Frederick for a future medical campus. The purchase price was not disclosed.
That land parcel is next to the Wyndham Hill Town Center, a planned regional shopping center, according to a press statement. Exempla Healthcare is part of SCL Health System Inc., which has more than 1,100 workers at offices in Broomfield, Denver and Lakewood.