Corners at Wheat Ridge
On January 23, 2017, Wheat Ridge Corners, LLC purchased a majority of the 15 acres at the southwest corner of 38th and Wadsworth. In early February, their consultants began remediation of the existing buildings by removing large amounts of asbestos identified throughout the buildings. Once the asbestos was contained, Wheat Ridge Corners, LLC began demolition of all the structures.
Upon completion of demolition and approval of the site plans and building elevations, the developer initiated the vertical construction. The project will be built in two phases and Phase I will consisting of a majority of the retail pads.
Wheat Ridge Corners, LLC is developed approximately 75,000 square feet of retail including a 35,000 square foot grocery store. The additional 30,000 square feet will include dining and other retail. The project includes a public plaza at the corner of Wadsworth and 38th and a public gathering space on the interior of the development. The developer sold the southern portion of the project for the development of a 321 unit market-rate apartment complex.
Renewal Wheat Ridge, the City’s Urban Renewal Authority, is participating in the project through the use of $6.2 million in Tax Increment Financing (TIF) for the construction of public improvements. These improvements, in part, include site drainage, road improvements to Wadsworth and 38th, providing utilities to the project, access, parking, and public amenities.
Additionally, Renewal Wheat Ridge provided approximately $1.5 million in remediation costs for a pad it owns at the corner of 38th Avenue and Yukon Court. This site contained contaminants left by a previous dry-cleaners use in the 1970's. In 2021, the site, measuring just about a 1/2 acre, was provided a determination from the Colorado Department of Public Health and Environment that it has met its clean up requirements.
For more information, contact Steve Art, Economic Development Manager 303-235-2806.