Realberry Breaks Ground on 140-Acre Avenue South Mixed-Use District at Centerra in Colorado

Why It Matters

The project adds critical housing and retail capacity to a fast‑growing market, creating jobs and boosting Loveland’s tax base while exemplifying the shift toward walkable, mixed‑use communities.

Key Takeaways

• Realberry starts retail core construction in Loveland's 140‑acre Avenue South.
• Project will host Whole Foods, 18 restaurants, 33 retailers.
• Near 2,000 homes planned, including 475 single‑family units.
• Hensel Phelps will anchor 140,000 sq ft corporate headquarters.
• New 3.2‑acre park, event lawn, and amphitheater to anchor district.

Pulse Analysis

Mixed‑use developments are reshaping suburban landscapes, and Realberry’s Avenue South is a textbook example. By clustering retail, dining, office, and residential uses within a walkable 140‑acre footprint, the project aligns with consumer preferences for live‑work‑play environments. The inclusion of a Whole Foods Market signals confidence in local spending power, while the 18‑restaurant lineup and 33 retailers aim to capture both residents and regional shoppers traveling along I‑25 and Highway 34.

Economically, Avenue South is poised to generate hundreds of construction jobs now and permanent positions once tenants occupy the office and retail spaces. The 140,000‑sq‑ft Hensel Phelps headquarters will anchor the office component, adding professional employment opportunities. With nearly 2,000 new homes—475 single‑family and over 1,200 multifamily units—the development directly addresses Colorado’s tight housing market, offering a range of price points that can attract young families and downsizers alike. The Front Porch park and amphitheater provide community gathering spaces, enhancing quality‑of‑life metrics that municipalities increasingly use to attract talent.

Avenue South also reinforces the broader Centerra master‑planned community, which already supports 8,500 jobs and 4,500 homes across 3,000 acres. This expansion underscores the region’s sustained population growth and the demand for integrated, amenity‑rich neighborhoods. For investors, the project illustrates the upside of partnering with experienced developers like Realberry, who can navigate municipal approvals and deliver large‑scale, revenue‑generating assets. As Colorado continues to rank among the nation’s fastest‑growing states, mixed‑use hubs such as Avenue South are likely to become a blueprint for future suburban development.