Union Printers Home sold to investment group
The historic building will be preserved and turned into a space for the community.
and last updated 2021-07-21 00:09:12-04
COLORADO SPRINGS â After more than a year of uncertainty, it appears the historic Union Printers Home in Colorado Springs will be preserved.
Several local families pooled their resources to buy the historic building that most recently operated as a nursing home. It was shut down by the state last year.
One of the investors said they will spend the next six months to a year coming up with a master plan for the property, but their goal is to make it accessible for everyone.
A group of local investors recently bought the Union Printers Home near Memorial Park for $18.5 million to revitalize and preserve the property.
Seven local families bought the 26-acre campus at 101 South Union Boulevard at the end of June and expect to renovate the buildings, although they have not settled on a development plan for the property yet, said Susan Pattee, a member of the ownership group.
Pattee s mother, Kathy Loo, a former Colorado Springs city councilmember and philanthropist, and her brother, James Loo, are also part of the group, along with the O Neil Group and All Pro Capital, both local companies, she said. The group bought the property as UPH Partners.
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