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The deal was announced Monday by UCHealth and McWhinney, the company that is developing North Park, a 935-acre mixed-use development. The land is on the south side of Colorado Highway 7, across from Children’s Hospital Colorado’s Broomfield campus.
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The price of the land was $23.9 million, according to Broomfield public records. The deal closed Dec. 21, according to Jay Hardy, McWhinney vice president and North Park general manager.
UCHealth, which is a nonprofit based in Aurora, has yet to determine what services will be offered in Broomfield, according to spokesman Dan Weaver. Directors of the nonprofit bought the land because they know communities such as Broomfield and others in the north Denver suburbs are growing rapidly, and as of now there are not enough medical facilities to accommodate them.
“We know there will be more services needed there,” Weaver said.
The project is in such an early stage that UCHealth has yet to determine whether it will be a satellite campus with a few medical office buildings or a full-service hospital, he said.
According to the release, more than 400,000 people live within a 10-mile radius of North Park, which is near the junction of Interstate 25, the Northwest Parkway and E-470. The population is expected to grow to 845,000 by 2030, it said.
Hardy said McWhinney is happy to have UCHealth make the investment in North Park, and the company thinks the medical campus will benefit the rest of the development. The Medical Center of the Rockies in Loveland, which is a UCHealth hospital, helped drive the growth of McWhinney’s Centerra development, Hardy said.
“This is obviously a major anchor for us,” Hardy said. “We’re big fans of using a medical campus to anchor a growing community.”