Aspen Village is adjacent to the new Lowry Town Center scheduled to open this fall.
Aspen is investing more than $1 million improving the center, which had been operated by the Allied Jewish Housing Group, before defaulting on a loan from the Colorado Housing Finance Authority. CHFA foreclosed on the note and sold the center to Aspen Retirement. Before that, the building, constructed in 1991, was used to house visiting officers when Lowry was an Air Force base.
The lobby is being remodeled to resemble an exclusive European hotel, says David Morley, president of Aspen Retirement.
"We are expanding the size of the lobby and adding a new café and library," he says.
A new service it will provide will be a Memory Loss Center for seniors with Alzheimer's.
"There is a real need for services to seniors with Alzheimer's in the Lowry neighborhood," Morley says. Aspen Village is one of the few retirement communities in Denver to offer independent, assisted living and Alzheimer's services within the same building, he adds.
Having all three services allows seniors to stay in place in an area where they are familiar as they age, he says.
Aspen owns and operates independent and assisted living communities serving more than 1,500 seniors in Florida, Ohio and Virginia.
The Broe Cos. also owns OmniTrax, North America's largest privately held railroad community, McKinley Medical, a leading ambulatory infusion company, and methane plants in Canada.
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