#United States #Centerra #Loveland #Realberry #Avenue South

Realberry's Bold Move: Avenue South Construction Begins

In an exciting development for the Loveland community, Colorado-based Realberry has officially kicked off the vertical construction phase of Avenue South, a significant mixed-use district spanning 140 acres in the award-winning Centerra community. This project aims to revolutionize the urban landscape, transforming a vision into reality as it integrates retail, office spaces, residential areas, and inviting dining options within a walkable environment.

The groundbreaking ceremony, which took place recently, was attended by key figures including Loveland Mayor Patrick McFall, alongside construction and retail partners, investors, and community members. "Centerra has always represented a long-term commitment to our community," stated Troy McWhinney, Co-Founder and Principal of Realberry. He emphasized the collaborative efforts alongside the City of Loveland over the past 25 years to bring this vision to life. This milestone signifies not just construction, but an infusion of new energy and investment into the area, thus generating fresh opportunities for the communities of Northern Colorado.

Originally approved in 2023, the Avenue South project is designed to maintain the momentum of growth in Loveland. It will feature extensive trails and open spaces, crucial to enhancing the community experience while also accommodating rapid neighborhood expansion. The retail core of Avenue South is projected to house 18 restaurants and 33 retailers, including the much-anticipated first Whole Foods store in Loveland, conveniently situated next to the Marketplace at Centerra.

Central to this vibrant district will be a new 3.2-acre park, complete with an event lawn and amphitheater known as The Front Porch, which is expected to become a hub for concerts, seasonal events, and everyday gatherings, further encouraging community interaction.

Mayor McFall highlighted that Avenue South embodies responsible growth, aiming to create jobs, expand housing options, and strengthen the local economy. The emphasis on partnerships and long-term planning is pivotal, ensuring developments are beneficial not only for current residents but also future generations. "I'm proud to witness this investment taking shape, anticipating the positive impact Avenue South will bring to Loveland," McFall expressed.

Upon completion, Avenue South will include nearly 2,000 residential units, consisting of 475 single-family homes and about 1,250 apartments, condos, and townhomes. Additionally, the district plans to offer 150,000 square feet of office space, anchored by a sizable 140,000-square-foot corporate headquarters for Hensel Phelps, transitioning from Greeley to Loveland. Construction for the residential phase is projected to initiate in 2027.

The Centerra master-planned community, which includes this ambitious undertaking, supports over 8,500 jobs, 4,500 residences, and 150 business establishments. Avenue South is strategically designed to propel long-term developmental strategies focusing on connectivity while promoting ongoing economic growth throughout Northern Colorado.

For additional details about Avenue South and ongoing updates, interested individuals can visit Centerra's official website: Centerra.com/AvenueSouth.

About Centerra

Centerra represents an award-winning 3,000-acre community that stands at the cusp of urban progress within Loveland. The development emphasizes a harmonious balance between nature and urban planning, enriching life with integrated neighborhoods, recreational spaces, art, shopping venues, dining, healthcare facilities, and business prospects. With significant numbers such as 8,500 jobs created and socio-environmental projects implemented, Centerra is a reflection of Realberry’s vision of curating exceptional human experiences within thriving environments.

About Realberry

Founded in 1991, Realberry is a multifaceted real estate investment and development firm, poised to create and manage properties across various sectors such as commercial, hospitality, and mixed-use developments. The company's philosophy rests on long-term value creation through focused financial discipline, transparency, and sustainable growth practices. For more information on Realberry’s initiatives, visit Realberry.com.