A major residential and retail development on the Downtown Westminster site is expected to begin construction in early 2017.
The City of Westminster and Westminster Economic Development Authority has approved a development agreement with Sherman Associates for a five-story project that brings 25,000 square feet of retail and 282 residential units, including 10 percent workforce housing at rents that are lower than market rate.
Key elements of the deal, to be built on two blocks along 88th Avenue south of the existing JC Penney store, include underground parking and LEED Silver certification for energy efficiency and sustainability. Construction is slated to begin in March 2017 with completion in mid-2018.
Sherman Associates, a Minneapolis-based developer, also is finalizing plans for a major residential and retail development set on a new plaza north of the JC Penney. This would include an indoor urban community market opening onto the plaza. A development agreement on that project is expected within the next few months.
Westminster also recently announced its first office partner for the 105-acre site, which is located at U.S. 36 and Sheridan Boulevard. Solera Salon and Grid Collaborative Workspace are proposing a five- to six-story building with retail, salon and collaborative office/general office uses on a site just north of the existing JC Penney store.
Previously announced developments include a 40,000-square-foot Alamo Drafthouse Cinema that will be part of a mixed-use block of development on the western side of the site.