The Archdiocese of Denver has purchased a 44.1-acre parcel of land in Johnstown and plans to construct a 450-student Catholic high school along with a chapel, athletic field and gymnasium.
Scottsdale, Arizona-based real-estate investor, developer and manager Caliber Cos. (Nasdaq: CWD) announced the $7.7 million sale Tuesday.
The property at U.S. Highway 34 and Colorado Boulevard was part of an approximately 190-acre parcel purchased in June 2021 by a Caliber-sponsored single-asset syndication, Encore FundCo LLC, for $7.67 million. Since that time, pre-development work has been conducted on the land. Construction on the remaining portion of the larger parcel is expected to begin by the middle of this year and include multifamily, retail and industrial development.