Colorado Real Estate Journal - October 21, 2015

GH Phipps, Ascent break ground on The Village at Belmar

After three years of planning, GH Phipps Construction Cos. and Ascent Living Communities celebrated the groundbreaking of The Village at Belmar, a nine-acre senior-living campus at 7825 W. Alameda Ave. in Lakewood.

The walkable campus will include 60 adult/independent living residents in a quadplex design with a private elevator to the second-floor units, 72 assisted-living suites and 24 memory care suites. In addition to the senior living offerings, a 1.3-acre pad along the West Alameda Avenue frontage road is being explored for compatible uses for campus residents.

“Our core values encompass stewardship, innovation, continuous improvement, a grassroots approach to operations and becoming the envy of the market,” said Phil Shapiro, Ascent Living Communities co-founder and principal, and a 28-year veteran of the seniorliving field. “We aim to ensure that our community designs focus on safety, security, comfort and a commitment to improving our residents’ quality of life.”

GH Phipps President Kurt Klanderud said, “As both an investor and general contractor on this important project, we are excited about the role that The Village at Belmar will play in the community. The concept for this project is designed to serve a growing sector of our residents, with the amenities that they both want and deserve.”

Denver-based Ascent is a senior housing developer/ owner-operator whose primary geographic focus spans from Denver to the West Coast.

“The Village at Belmar will offer residents an incredible variety of senior-living environments combined with an emphasis on outdoor landscaped recreation and social interaction, all situated in a stellar location that offers an abundance of shopping and healthcare services,” Shapiro said of the 190,000-square-foot project. “This is a rare combination in the greater Denver metropolitan market.”

In addition, Blue Moon Capital Partners LLC, a leading senior housing private equity investor, is playing a major role in the ground-up development along with Phipps and Ascent.

Rosemann & Associates PC is the architect.