Greystar Selected for Downtown Westminster Active Adult Project

The Westminster Economic Development Authority is set to enter into a Purchase and Sale Agreement and Development Agreement with Greystar Corporation for a $3 million land sale on Block D-5 in Downtown Westminster. Greystar will build a four-story, 166-unit active adult community and receive targeted City fee and sales and use tax rebates to support the $60 million project.

Scope & details

The full contract record, as filed.

Contract amount

$3,000,000 land sale price; estimated $963,038 City fee rebate; estimated $721,260 sales & use tax rebate

Contract type

FACILITIES

Contract term

Closing after required approvals and conditions; TIF and GID revenues anticipated annually through URA/TIF sunset in 2038 (final collection 2039)

Renewal date

2039-12-31

Renewal

Single land disposition and development agreement with no stated renewals; tax increment financing for the Downtown URA sunsets in 2038 with final collections in 2039. Fee and tax rebates are one-time during development based on eligible fees and use taxes paid.

Document type

AgendaPacket

Source document

Westminster Economic Development Authority Agenda Packet 2026-06-22

Related contracts

Other contracts from Greystar Corporation.

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Westminster Economic Development Authority Agenda Packet 2026-06-22

city-of-westminster-economic-development-study-session-agenda_087.pdf

PENDING

City of Westminster, ColoradoAug 18, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Westminster?

Greystar Corporation was awarded this facilities contract by City of Westminster, as recorded on June 22, 2026. The contract value is $3,000,000 land sale price; estimated $963,038 City fee rebate; estimated $721,260 sales & use tax rebate.

How much is the Greystar Corporation contract with City of Westminster worth?

The Greystar Corporation contract with City of Westminster is valued at $3,000,000 land sale price; estimated $963,038 City fee rebate; estimated $721,260 sales & use tax rebate, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Westminster Economic Development Authority Agenda Packet 2026-06-22 (AgendaPacket), dated June 22, 2026 from City of Westminster. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Greystar Corporation hold?

Greystar Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Greystar Corporation's profile

What is City of Westminster currently buying?

Explore City of Westminster's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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