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.
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.