The opportunity exists to purchase large amounts of prime infill development land surrounding the newly built Westminster Station. Over 50 acres located between 70th and 72nd Avenues, adjacent to Federal Blvd, in the City of Westminster, Colorado.
The lands are located directly adjacent to the the new FasTracks mass transit loading station known as Westminster Station, which opened for operation in 2018. The area was recently master-planned by the city of Westminster to become a Transit Oriented Development (TOD) from 3 to 8 stories.
Land Capital is acting as a General Partner in newly formed entities whose purpose is to acquire and develop the station lands with development partners. With over 5 years experience in the Station Lands, Land Capital, has considerable understanding of the area.
Northgate - Westminster Station
The Northgate land is zoned in the comprehensive plan as a Transportation Mixed-Use Neighborhood (TMUND) for a mix of uses blended to a density of 18 units/acre. To acquire the land an entity was formed “Westminster Station Northgate LLC” with a team of General Partners . Land Capital combined the two multi-acreage parcels to make this deal possible.
Hooker St - Westminster Station
Hooker St is the main corridor that connects 72nd Avenue to the Station. Currently it is comprised of Apartment and Commercial buildings. The Station Specific Plan allows for 5 story builds at 3.5 FAR. Existing apartment rentals are achieving metro Denver rental rates. Young professionals utilize the train to commute to Union Station in under 15 minutes. There is a strong demand for additional units along this corridor and supportive commercial uses. Land Capital is looking for additional financial partners to continue an existing assemblage that currently includes 8 different parcels.
Lowell Blvd - Westminster Station
Considered the “quiet side of the station” the Lowell Blvd Corridor has existing industrial buildings that can be developed into residential and commercial uses. Land Capital has partnered to buy and operate a self storage facility and an adjacent land parcel that has station frontage. Currently Land Capital is looking for additional partners to acquire surrounding land and begin developmental activities.
Station Frontage - Westminster Station
Considered “beachfront” the station frontage lands currently hosts industrial facilities and vacant land bordering the station. Only a stone throw away from the FasTracks train stop and with new infrastructure and water allocation the area is ripe for development. The elegantly landscaped grounds surrounding the station serve as a world class amenity for future residents. Land Capital is in talks with existing land owners for joint venture development or buy-outs.
