The 2534 development on the southeast corner of Interstate 25 and U.S. 34 is going up in a hurry, though the entire
project may still be 10 years from completion.
"It's going incredibly smoothly so far," said Nick Christensen, managing principal of Chrisland Inc., which is
developing the Johnstown property. "It's been a lot of the reason so much has been getting done out there."
Chrisland Inc., broke ground on 2534 in 2004 on the 542-acre mixed use development. It will be used for medical,
retail, residential, light industrial and offices. The full build-out will contain about 4 million square feet of commercial
space and about 150 new houses.
Christensen said that the east side of 2534 is being used for medical buildings and 20 acres of land are either being
used for that purpose or will be soon.
Next to the Northern Colorado Rehabilitation Center, the latest medical facility, the Northern Colorado Long-term
Acute Hospital has recently opened, said CEO Brooks Stewart. She said the new hospital and the NCRH will combine
to make "an outpatient campus," owned and operated by the same parent company, Ernest Health Inc.
The new hospital will have 20 private rooms and will specialize in caring for patients who require a hospital stay of 25
days or more due to an acute illness or accident. The nearest such hospital is in Thornton.
"This should be a resource to the five acute hospitals in the area," said Stewart, when talking about the cooperation
between the new hospital and existing short-term care facilities in Greeley, Loveland, Fort Collins and Longmont.
As far as retail is concerned, Verizon is the first store to open in the 2534 Plaza Shops area. Of the 600,000 square foot
retail center, Christensen said that 120,000 square feet are either up or are under construction.
He said Bonefish Grill, Spicy Pickle and Impact, A Salon Experience are on schedule and should be open by the end
of summer or early fall, joining Starbucks and Culver's.
In addition, Christensen said that there are "large, major tenants" who are planning on moving into 2534, though he
said he was not able to release specific names at this time.
"It's helping to establish I-25 and 34 as a hub for regional development in northern Colorado," Christensen said.
Troy Mellon, mayor of Johnstown, said he was looking forward to the economic benefit of having 2534 in Johnstown.
"We look at it as taking the burden off of the property tax situation," he said.
Gary Hoover, chairman of Hartford Homes, which is in charge of the residential area development, said 2534 has 149
home lots, of which 75 have been sold to builders and individuals.
Of the 149, 44 are what he described as "estate lots," which are up to an acre of land, have a mountain view and will
have houses ranging from in price $800,000 and $3 million.
In addition, there will be 62 "large lots" between 12,000 and 15,000 square feet that will have houses costing between
$450,000 and $550,000. The remaining 43 lots will have "patio houses" priced in the mid-300s.
Hoover said there are about 15-20 houses going up now and more will be built as they are sold. He also said model
houses will be up this fall for people to visit.
The 2534 residential area has already been selected for the 2008 Northern Colorado Parade of Homes to be held
next May.
Christensen said they will be announcing the details for the leasing of new light industrial buildings within the next
four to eight weeks. He also said builders will break ground on a five-story, 85,000 square foot office building
within the next six months.
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