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Thursday, August 3, 2017

Sherman Associates breaks ground on Ascent at Downtown Westminster

Sherman Associates breaks ground on Ascent at Downtown Westminster

The City of Westminster has announced that Minneapolis-based developer Sherman Associates has broken ground on a five-story residential and retail project in Downtown Westminster. This comes on the heels of the announcement that Denver favorite Marczyk Fine Foods will open their third location on the first floor of Origin hotel, also on the downtown site. 

The Sherman project, located just north of 88th Avenue, will include 24,000 square feet of retail, 255 residential units (including 10 percent workforce housing at rents lower than market rate), and underground parking. Total square footage, including parking will be 484,000 square feet. 

The entire project will be LEED Silver certified and will feature amenities such as large outdoor living and community areas, a fitness and yoga studio, and an outdoor kitchen. The property will also be pet friendly.

“The Sherman ground breaking is the kick-off of much activity to come,” said Westminster Mayor Herb Atchison. “Right now we have deals working on several parcels on the Downtown Westminster site, and they will bring a mix of residential, retail, office and entertainment that match our long-term vision.”

The vision for Downtown Westminster is based on building community over time, creating a resilient, sustainable and synergistic district that is ever-evolving. The 105-acre Downtown site will have a mix of uses, with 2,300+ residential units, 2 million square feet of office, 750,000 square feet of retail, 300 hotel rooms, and a vibrant culture and arts district.

“We are setting aside 18 acres specifically for parks and public spaces,” said Sarah Nurmela, Downtown Westminster real estate and development manager. The city just started construction on a 1.2-acre Central Square, and is planning for 200 events a year, from small community gatherings to large festivals.

“We are looking to establish not only an authentic downtown and community destination for Westminster but a regional destination with experienced-based programming and retail,” said Nurmela.

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