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A corporation associated with Mercedes-Benz of Westminster purchased a six-acre property at 4040 Byrd Drive for $3.5 million in June.
The property is being renovated in anticipation of the opening, according to sources within McWhinney, the developer behind Centerra.
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The status of the renovations and an exact opening date are not yet known.
Kevin Steward, general manager of Westminster Mercedes-Benz, will also oversee the Loveland location. Steward could not be reached for comment.