LOVELAND, CO – October 1, 2020 – Hunt Midwest is under contract with McWhinney, master developer of Centerra in Loveland, to purchase a 4.7-acre site planned for a two-story, 78,000-square-foot assisted living and memory care community. The Capstone at Centerra will be located on the north west corner of McWhinney Boulevard and US 34. The community plans to offer 56 assisted living apartment homes and 32 memory care suites, with accommodations for as many as 114 residents in the northern Colorado region. Construction is slated to begin in early 2021 with a grand opening planned for spring 2022.
“Loveland and its neighboring cities have experienced rapid population growth in the last several years,” said Aaron Schmidt, vice president of development and construction at Hunt Midwest. “Generations of new families relocating to the area have created an urgent need for high-quality senior housing throughout the region. The Capstone at Centerra will meet the current and ongoing demand for exceptional assisted living and memory care services and allow seniors the ability to live comfortably and close to their families, friends, and loved ones without having to leave their community.”
The design for both the interior and exterior of The Capstone at Centerra will be inspired by surrounding architecture and northern Colorado’s natural scenery. Residents at The Capstone at Centerra will benefit from convenient access to the 3,000-acre Centerra master-planned community’s nearby amenities including recreation, art, shopping and dining, medical services, open spaces, trails and wildlife habitat. At the assisted living and memory care community, a variety of thoughtfully designed indoor and outdoor amenities and gathering spaces are planned to include formal and informal living and dining rooms, a fitness center, a bistro lounge, a sunroom, a beauty salon, walking trails, a gazebo and a dog park.
“With its open spaces, fresh air, and easy access to the outdoors and iconic destinations such as Rocky Mountain National Park, northern Colorado has been a highly demanded area for those looking to retire. As our community’s residents age, it is important we identify industry-leading providers in this vital sector of the housing and care business,” said David Crowder, vice president of community development for McWhinney and general manager of Centerra. “As Hunt Midwest expands its national footprint, we are pleased the team has chosen Centerra for this new project. With a strong track record of quality development, we look forward to welcoming Hunt Midwest and wish its team success in bringing the much-needed facility and services to our community.”
Integral Senior Living (ISL) will provide management services for The Capstone at Centerra. Residents of the community will have full access to ISL’s nationally recognized programs such as Vibrant Life®, Generations Memory Care, and Elevate® dining and support from a team of compassionate, highly trained associates committed to providing personalized care.
“The Capstone at Centerra will serve to augment the unparalleled quality of life Loveland and northern Colorado has to offer,” said Collette Gray, CEO/COO for ISL. “We’re eager to become a part of this vibrant, growing community and bring ISL’s excellent level of care to future residents and their families.”
Hunt Midwest, in collaboration with ISL Ventures, a division of ISL, and Leading Light Development and Construction Consulting, has worked to identify sites in areas throughout the country where the demand for senior housing is unmet. The Kansas City-based developer currently has Capstone communities in Royal Palm Beach, Fla. as well as Gallatin and Mt. Juliet, Tenn.
Hunt Midwest has selected Pi Architects to lead the overall design of the community and Olsson to perform land planning and civil engineering for the project.
About Hunt Midwest
Hunt Midwest is a dynamic real estate development company privately held by the Lamar Hunt family. Based in Kansas City with over 50 years of development, construction and management experience, Hunt Midwest’s wide range of projects include industrial, commercial, mission critical, self-storage, residential, multifamily, senior living, mixed use and SubTropolis, the world’s largest underground business complex. Hunt Midwest is part of the Lamar Hunt family’s diverse portfolio of entities involved in real estate, sports/media, energy/resources and private equity investments. In addition to Hunt Midwest, marquee entities include the Kansas City Chiefs, Hunt Southwest, FC Dallas Soccer Club, Toyota Stadium, Chicago Bulls and United Center.
Integral Senior Living (ISL) headquartered in Carlsbad, Calif., manages a progressive selection of senior residences to meet the growing needs of today’s aging population. It manages independent, assisted living and memory care properties throughout 18 states. Ranked among the nation’s largest senior living providers, according to Senior Living Executive, ISL is founded on a care philosophy that fosters dignity and respect for residents and promotes their independence and individuality. The dedicated associates at each community are trained to maintain the highest standards of senior care services. For more information about ISL, visit Integral Senior Living’s website, blog and Facebook page.
McWhinney is a Colorado-based real estate development and investment firm with offices in Loveland and Denver, comprising a team of talented professionals who are passionate about creating great places and building a world of possibilities. Since 1991, McWhinney has planned and developed more than 6,000 acres of innovative and sustainable master-planned communities and more than 10 million square feet of vertical commercial and mixed-use properties throughout the Rocky Mountain region and the West Coast. Over the years, McWhinney has been recognized for significant real estate development contributions, including being named Colorado’s “Developer of the Year” by the National Association of Industrial and Office Properties (NAIOP), winner of the Urban Land Institute’s (ULI) Global Awards for Excellence, The Denver Business Journal (DBJ) Real Estate Champions – Catalyst Award for Denver Union Station and the Development Deal of the Year for Denver Union Station by NAIOP. McWhinney has been ranked 11 and 13 on the list of the Best Small and Medium Sized Companies to work for in America. For additional information, visit www.mcwhinney.com.
Centerra, an award‐winning 3,000‐acre master‐planned community located in Loveland at the heart of Northern Colorado, is a McWhinney development that was built on the belief that nature provides the perfect balance to urban planning. As a community designed to enhance all aspects of life, Centerra integrates neighborhoods with recreation, art, shopping and dining, business opportunities and medical services. Centerra and its businesses offer more than 8,000 part-time and full-time jobs. This unique community is home to Northern Colorado’s first lifestyle center, The Promenade Shops at Centerra; UCHealth–Medical Center of The Rockies, a state‐of‐the‐art 187 bed LEED gold‐certified regional hospital; and The Marketplace at Centerra, one of Northern Colorado’s largest contiguous shopping centers. Centerra is also home to High Plains Environmental Center, which manages 483 acres of wetlands, open space and reservoirs within Centerra, and Chapungu Sculpture Park, a 26-acre park with more than 80 stone sculptures throughout. In 2018, Centerra became the first certified National Wildlife Federation (NWF) Community Wildlife Habitat in Colorado. Named Development of the Year by the National Association of Industrial & Office Properties’ (NAIOP) Colorado Chapter, Centerra embodies McWhinney’s purpose of creating great places and fabled experiences for people. For additional information, visit www.centerra.com.