### Sterling Bay Secures $88 Million for Denver-Area Life Science Campus
Sterling Bay, in partnership with Piper Sandler Special District Group, has secured $88 million in bonds to begin infrastructure work on Redtail Ridge, a 2.6 million-square-foot mixed-use life science campus in Louisville, Colorado. Infrastructure work is set to commence this spring.
The developer acquired the 389-acre site more than two years ago. Previously, the property had remained vacant for more than 20 years and once served as the global headquarters for data storage firm StorageTek.
The first phase of Redtail Ridge is being designed by architectural firm Perkins & Will and will be constructed by Mortenson. Completion of this initial phase is anticipated within 18 months, with the first buildings set for delivery in late 2026.
Plans for the first phase include two industrial and manufacturing buildings—one spanning 95,000 square feet and the other 144,000 square feet—along with a 100,000-square-foot life science building. Additionally, the site will feature a new home for the 160-bed AdventHealth Avista Hospital. The full build-out of the campus is expected to take six years.
