$ 92 million in funding secured for Aurora Crossroads and Excessive Level developments in Aurora

This financing is the latest in a successful series of special district transactions in recent years that raised $ 1.2 billion in capital to fund public infrastructure in and around the airport growth corridor that includes the Denver, Aurora and Commerce City developments . Early development projects have benefited from a low interest rate environment, with Aurora Crossroads bonds issuing 4.625 percent and 4.875 percent, respectively.

“The Davidson team was pleased to raise significant infrastructure costs on the Aurora Crossroads and High Point developments that will ensure the continued development of these high profile locations in the city of Aurora and the larger corridor for airport growth despite the current uncertainties,” said Laci Knowles, Senior Vice President of the Special District Group at DA Davidson. “The growth in our state is paying off, and these early stages of funding continue to pave the way for incredible new projects that provide vital services and a sense of community to both city dwellers and airport visitors.”

Aurora Crossroads comprises approximately 209 acres of land under development at the southeast intersection of I-70 and E-470. The portion of High Point that secures this final funding is approximately 272 acres along 64th Avenue north of Painted Prairie and is intersected by the E-470. Upon completion of the projects should include:

  • A six story regional hospital and doctor’s offices next to Aurora Crossroads
  • JP Morgan Chase Bank’s data center, which opened in early 2020 at the Aurora Crossroads location
  • A hotel with 125 rooms and over 300,000 square meters of commercial space on the Aurora Crossroads
  • A hotel with 100 rooms and 713 apartment buildings at High Point
  • Mixed-use development at High Point that will include 800,000 square feet of retail space, 175,000 square feet of mixed-use commercial space and an additional 175,000 square feet of office space
  • Another 152 hectares are planned for industrial development at High Point

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