DENVER -- The University of Colorado Board of Regents approved the sale of CU's former Health Sciences Center on Colorado Boulevard.
Denver developer Continuum Partners purchased the site for $30 million.
Continuum plans to create a mixture of residential, office and retail spaces with an emphasis on local businesses, said CU spokesman Dan Meyers.
Work on the project is expected to start in December. The overall project is expected to take approximately five years to complete, Meyers said.
CU moved its health sciences education programs to the 9th and Colorado location in 1924. The university has been marketing that property since 2006 after it relocated the health sciences campus to the former Fitzsimons Army Medical Center in Aurora, now the University of Colorado Anschutz Medical Campus.
“This property has had a wonderful past and now is headed toward a wonderful future,” said Lilly Marks, vice president for health affairs for the University of Colorado and executive vice chancellor of the Anschutz campus. “It served Denver and Colorado well as a health sciences center. Now it can start anew as a vibrant part of Denver.”