Union Printers Home near Memorial Park sells to new owners who want to preserve and revitalize monument | New

A group of local investors recently purchased the Union Printers Home near Memorial Park for $ 18.5 million to revitalize and preserve the property.

Seven local families bought the 26-acre campus at 101 South Union Boulevard in late June and plan to renovate the buildings, although they have yet to make a development plan for the property, group member Susan Pattee said. of property. .

Pattee’s mother, Kathy Loo, a former Colorado Springs city councilor and philanthropist, and her brother, James Loo, are also in the group, along with the O’Neil Group and All Pro Capital, two local companies, a- she declared. The group bought the property as UPH partners.

“It’s a project that’s so critical to the community and it’s something that needs to be done by people who care about all of the legacy of it,” she said.

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While the group has not determined how the property will be used, it can take inspiration from Denver’s Union Station, another historic building privately owned but open to the public and a hub of activity, complete with shops and restaurants.

“Our plan is to make it a community asset so that it is available.… We don’t have any plans to do anything that’s blocked or bricked up,” Pattee said. They also want to preserve the open park qualities of the campus with its older trees, she said.

The property includes four buildings and the group aims to preserve all of them, Pattee said. The original structure was built in 1891 and 1892 by the National Typographical Union of limestone and sandstone, to house retired printers who were sickened by ink, according to the Historic Preservation Alliance of Colorado Springs.

Three brick buildings were added later, she said.

Most recently, the campus housed a nursing home and an assisted living facility that were closed last year after a resident died of hypothermia on the grounds. The state revoked the company’s operating license and all residents were displaced.

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The new property group could announce plans for the building next year. The renovation is expected to take at least five years.

“We are very excited and we are very grateful to be the stewards of the property,” said Pattee.

About Michael B. Billingsley

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