### Sterling Bay Secures $88 Million for Denver-Area Life Science Campus
Sterling Bay and its partner, Piper Sandler Special District Group, have secured $88 million in bonds to commence infrastructure work at **Redtail Ridge**, a 2.6 million-square-foot mixed-use life science campus in Louisville, Colorado. Work on the infrastructure is set to begin this spring.
The developer acquired the **389-acre site** more than two years ago. The property had remained vacant for over 20 years and was previously home to the global headquarters of data storage company StorageTek.
The **first phase of Redtail Ridge** is being designed by architectural firm **Perkins & Will** and will be constructed by **Mortenson**. This initial phase is projected to be completed within **18 months**, with the first buildings scheduled for delivery in **late 2026**.
As part of this phase, the developer plans to construct two industrial and manufacturing buildings—one totaling **95,000 square feet** and the other **144,000 square feet**—as well as a **100,000-square-foot life science building**. Additionally, the site will feature a new **160-bed AdventHealth Avista Hospital**. The complete build-out is expected to take approximately **six years**.
