The Lafayette City Council is poised to vote on a consent agenda Tuesday evening that includes the second reading of a measure to the medical-device maker’s final planned unit development plan. A consent agenda is a group of typically noncontroversial or housekeeping items that city councils can approve simultaneously.
Given that Medtronic’s plans have already won approval recommendation from Lafayette’s Planning Commission and praise from members of the City Council when plans were formally introduced to the body during a February hearing, the proposal appears likely to move forward.
Should the company meet a few conditions likely to be set forth by city leaders for example, paying the full public land dedication cash-in-lieu fee rather than the 50% payment it had previously proposed Medtronic’s new campus would be located on a roughly 42-acre parcel just south of SCL Health’s Good Samaritan Medical Center, northeast of the interchange of Northwest Parkway and U.S. H
Redtail Ridge purchase price revealed at $35M
This story first ran on BizWest.com, a BusinessDen news partner.
Phillips 66 Co. sold the Redtail Ridge property in Louisville for $34.93 million, a discount of just more than 37 percent from the $55.6 million that ConocoPhillips paid for the property in 2008.
ConocoPhillips’ acquisition included about 1.6 million square feet of buildings that were subsequently torn down.
Sale
of the property to Redtail Ridge Development LLC, an entity controlled by Denver-based Brue Baukol Capital Partners LLC, occurred Dec. 11, but officials from Brue Baukol did not then disclose the purchase price. The price was recorded in documents recorded by the Boulder County Clerk & Recorder on Dec. 14, and recently uploaded to the county website.
ConocoPhillips’ acquisition included about 1.6 million square feet of buildings that were subsequently torn down.
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Sale
of the property to Redtail Ridge Development LLC, an entity controlled by Denver-based Brue Baukol Capital Partners LLC, occurred Dec. 11, but officials from Brue Baukol did not then disclose the purchase price. The price was recorded in documents recorded by the Boulder County Clerk & Recorder on Dec. 14, and recently uploaded to the county website.
Brue Baukol acquires Redtail Ridge in Louisville
This story first ran on BizWest.com, a BusinessDen news partner.
Brue Baukol Capital Partners last week closed on the purchase of Redtail Ridge, a 475-acre site in Louisville that formerly was home to Storage Technology Corp. The purchase price was not released, and the sale has not yet been recorded with Boulder County.
The acquisition came just two months after medical-device maker
Medtronic Inc. pulled out of plans to anchor a redevelopment of the site,
Officials with Brue Baukol did not immediately return calls for comment.
A revised development plan will be released in early 2021, according to a press release from Brue Baukol.
LOUISVILLE Brue Baukol Capital Partners Friday closed on the purchase of Redtail Ridge, a 475-acre site in Louisville that formerly was home to Storage Technology Corp. The purchase price was not released, and the sale has not yet been recorded with Boulder County.
The acquisition came just two months after medical-device maker
Medtronic Inc. pulled out of plans to anchor a redevelopment of the site,
Redtail Ridge is located along U.S. Highway 36 and Northwest Parkway. Louisville city officials had objected to the scope of the project as outlined by Brue Baukol, which had been under contract to purchase the property from Phillips 66 (NYSE: PSX).