Work starts on $50M Gateway Crossing development

The project will feature a mix of restaurant, retail, recreation, grocery and medical space in approximately 20 buildings with a focus on internet-resistant retail to serve the growing residential community. 

Construction is underway on a $50 million mixed-use development in Green Valley Ranch, bringing much-needed tenants to the area.

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Equity Ventures Commercial Development and Wall Development Group have broken ground on Gateway Crossing, a more than-100,000-square-foot multilevel development at the northwest corner of Green Valley Ranch Boulevard and Tower Road.

The project will feature a mix of restaurant, retail, recreation, grocery and medical space in approximately 20 buildings with a focus on internet-resistant retail to serve the growing residential community.

“We’re excited to not only activate what experts predict will be Denver’s next economic hub in 20 years but also to address local needs,” said Mark McPherson, president and founder of Equity Ventures Commercial Development. “Gateway Crossing will have the right tenant mix to provide current and incoming residents convenient access to grocery, drug and fitness retailers near I-70 and Peña Boulevard, where 118,000 vehicles travel per day.”

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Tenants that have been announced at Gateway Crossing include Natural Grocers by Vitamin Cottage, Panera Bread Co., Raising Cane’s, Bellco Credit Union, Murphy Express and SCL Health Primary Care Facility.

Equity Ventures and Wall Development, which are heading leasing of Gateway Crossing, are looking to add additional internet-resistant, service-oriented, daily need tenants to the center, which has no metro districts on the property. Currently, they are in negotiations with a drugstore to join Gateway Crossing, as well as additional health- and fitness related tenants. It is slated for completion by summer 2020.

“Our neighborhoods deserve to have healthy food options and Gateway Crossing will bring a much-needed grocery store to serve our community,” said Stacie Gilmore, District 11 Denver city councilwoman. “Working collaboratively, we continue to expand our healthy food options for all residents in far northeast Denver.”

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Gateway Crossings architects are Rogue Architecture Inc., Rogue Architects and Chord Design Studio. RidgeTop Engineering & Consulting is the engineering firm and the general contractor is MCP Development.

Featured in CREJ’s June 5-18, 2019, issue

Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and retail news in the Denver metro area plus all property types in Colorado Springs and Southern Colorado. She also covers the finance market as well as solicits bylines articles and is editor of the Health Care Properties Quarterly. Before joining…