The sale of the former Loretto Heights campus in southwest Denver has been finalized and Westside Investment Partners, a Colorado real estate company, is the new owner.
Westside, a Glendale-based private commercial real estate investment and development group, purchased the 75-acre parcel on South Federal Boulevard from Colorado Heights University.
The closing was announced Tuesday on Denver City Councilman Kevin Flynn’s District 2 Facebook page. “My office will be scheduling meetings between the developer and my stakeholder committee, the Registered Neighborhood Organizations and other involved constituencies,” Flynn said.
A meeting was held Tuesday night at Parish Hall at the Church of All Saints, 2559 South Federal Blvd., with the new owners, neighbors and stakeholders, mostly members of the nearby Dartmouth Heights Home Owners Association.
Residents are extremely concerned about redevelopment of the property bringing more traffic to the area.
“Traffic, traffic, traffic. I think they (Westside) heard it loud and clear,” Flynn said.
The campus includes the May Bonfils Stanton Theater, a 1,000-seat hall. Flynn and other supporters hope to find an operator for the theater in order to preserve it. The campus was first developed in 1891 by the Sisters of Loretto as Loretto Heights Academy, a Catholic elementary and secondary schools for girls. The campus’ most prominent structure is a red-hued, five-story administration building that rests on a hilltop overseeing Federal Boulevard. A cemetery, where 62 nuns who used to teach and work at Loretto Heights are buried, also is located on campus.
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As the master developer, Westside will sell parcels to developers. It plans a high-density residential development, with apartments and single-family housing, and commercial development, which will require a rezoning request, mostly along Federal Boulevard.
“Westside is genuinely honored and fully committed to protecting the heritage and true value of the campus as we look to enhance the existing neighborhoods and provide additional amenities to serve our neighbors,” Andrew Klein, Westside principal, told The Post in June. “We are anxious to work with neighbors, local leaders and the city to envision how the campus can transform and activate in a way that truly represents the best for southwest Denver.”
On Westside’s webpage, the group describes the property as a “magnificent campus.”
Westside said it will bring the area back to life.
