Construction on Hyatt Hotel, conference space in original Aurora begins
“Construction on a new, full service Hyatt Hotel and conference center in the Fitzsimons Village across from the Anschutz Medical Campus in Aurora began Wednesday after a groundbreaking on site.
The City of Aurora partnered with Kentucky-based commercial developer Corporex Colorado on the $90 million project nearly three years ago, shortly after Corporex opened a 153-room Springhill Suites Hotel by Marriott at 13400 E. Colfax Ave.
The new Hyatt Hotel and city-owned conference centerwill go up directly south of the Springhill Suites, on about three acres of land. The Fitzsimons Village project is about 20 developable acres of mixed use and retail space on the south side of Colfax Avenue, between Peoria to Potomac streets. Corporex is the developer for the Fitzsimons Village project.
“This is something the Corporex has always envisioned since we started working out here,” said Mark Witkiewicz, chief operating officer of Corporex. “It’s something that that Aurora has always wanted, too. The city is truly our partner in this project.”
Aurora issued just under $28 million in bonds to help pay for the development. All of the money will be paid back to the city through property and sales taxes on the 249-room Hyatt Hotel.
The city will own and operate its first business-centric conference center, which tops off around 30,000 square feet, as well as an adjacent, 500-space parking garage.”
Mitchell, Megan. Denver Post 17 September 2014.