The Kipling Ridge Marketplace project anchored by Sprout’s Farmers Market is a textbook example of how a public/private partnership can turn a blighted corner into a viable mixed-use destination. This project is sure to be a source of pride for the community of Wheat Ridge, CO for decades to come.
Confluent Development with the assistance of the City of Wheat Ridge, assembled four parcels with separate owner-ships to create Kipling Ridge Marketplace. The new project replaces a dilapidated cluster of predominantly vacant buildings that had become an eyesore to the community and lacked any significant retail sales tax generation to the city. In addition to a new Sprout’s, and a redeveloped Starbucks, Confluent Development is building a 5,000 square foot retail building adjacent to Starbucks that will be available in early 2016 for fast-casual restaurants and retailers.
As a component of the redevelopment, Confluent Development provided significant public improvements that included removal of various blighted buildings and an upgrade to the road system surrounding the project: widening Kipling, improving 38th Street along with street lights, and adding decorative project lighting. Confluent also installed a new storm drainage system to replace the aging system.
Wheat Ridge has served as an excellent partner, providing the support and vision to allow Confluent Development to bring this exciting new project, featuring Sprout’s Farmers Market to the west side of Denver.
- Kipling Ridge is valued at approximately $12M.
- The total Project including the 64-unit MorningStar Senior Living facility is valued at over $24M and encompasses nearly 6 acres.
- Sprout’s building is 27,058 sq. ft. and will open at Kipling Ridge Marketplace on Wednesday, June 24, 2015.