Neighborhoods Surrounding New Medical Center Prime Target for Real Estate and Revitalization

Exciting things are in store for the neighborhood surrounding the new Anschutz Medical Campus, which sits on the site of the old Fitzsimons campus in Aurora. In June, the top-ranked University of Colorado Hospital completed a monstrous move to Aurora’s new Anschutz Medical Campus. This will be followed by the Children’s Hospital’s relocation to the campus this fall. These moves will have an extraordinary economic impact on the area surrounding the former Fitzsimons Army Medical Center.

The Anschutz Medical Center, which sits on the site of the former Fitzsimons campus near I-225 and Colfax, is already breathing new life into the once stagnant area. Denver’s 9News recently reported that neighborhood businesses on and around Colfax Ave. are already seeing economic gains from the recent influx of the University of Colorado Hospital’s employees. The medical campus alone is eventually expected to be employ more than 66,000 people when it is fully completed.

There are also formal plans to revitalize the area with the development of Fitzsimons Village, a 32-acre mix of residential housing, hotels, shops and office space. According to a recent article in The Denver Post, Denver hotel developers and an investment group are planning the $400 billion project that will be connected by a bridge to the campus. Construction is slated to begin at the beginning of 2008 and be completed within six years.

The revitalization means great things for the surrounding Denver and Aurora real estate markets. Lowry, and other communities that are close to the Anschutz Medical Campus, will be a prime target for the thousands of well-paid employees wanting to live near the campus. Please contact TeamCox Realtors for information on finding a property in this up and coming Aurora neighborhood.

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