The economic impact on Denver’s real estate market (and in general) of Aurora’s Fitzsimons project, scheduled to be completed this year, is likely to be huge.  When fully developed, the 32-acre Fitzsimons Village will include hotels, offices, shops and housing for nearly 35,000 Colorado residents.  What’s more, the former Fitzsimons Army Hospital (closed in 1999) is currently undergoing a $4 billion renovation plan, which is the largest medical-related redevelopment project in the US.

Right now, a small retail center near East Colfax Avenue and I-225 is the only one easily accessed on foot by the nearby students, doctors and other workers on the Fitzsimons campus, but that is going to change soon with some new neighbors planning to break ground.  With just one vacancy in the 20,500-square-foot center, tenants include Anthony's Pizza & Pasta, Chipotle Mexican Grill, Spicy Pickle, Noodles & Co., Caribou Coffee, Curves, FedEx Kinko's and IronStone Bank.

Construction of two developments across from the Fitzsimons campus are close to starting.  The first, from Bush Development, is planned to break ground this spring on its 4.5-acre site located at the southeast corner of East Colfax Avenue and Peoria Street.  That project will include a First Bank, 7-Eleven and Qdoba Mexican Grill.

Separately, developer Andrew Klein, who has teamed up with Corporex Colorado, said he expects to break ground this month on a 176,000- square-foot office building (occupied largely by Children’s Hospital) and a 153-room Spring Hill Suites hotel.

Neither construction project probably would be happening if it weren't for the redevelopment of the Fitzsimons campus.  Add to that plans to bring the light rail through, and we’ve got a great recipe for economic growth that will sustain both retail and residential development!

Are you interested in seeing what your housing options are in Aurora’s Fitzsimons Village?  Maybe you’d like to see the other possibilities for homes in Aurora communities, like Saddle Rock homes, homes in Tallyn’s Reach, houses at Buckley Air Force Base, or houses in Heritage Eagle Bend?  Just give your local real estate pros, the Bandy Team, a call!  We will help you discover all that living in Aurora or anywhere on the Denver front range can be!

Marianne Bandy
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