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Photo courtesy of Koelbel and Company.
Photo courtesy of Koelbel and Company.
King Soopers Marketplace opens at former Louisville Lowe’s site
ColoradoBiz Staff //June 29, 2026//
In Brief:
- King Soopers Marketplace opens in Louisville, Colo.
- Dillon Companies purchased property for $22.6 million
- Redevelopment cost totaled $23.6 million
- Site includes grocery, Starbucks, pharmacy, and fuel center
LOUISVILLE, Colo. — A new King Soopers Marketplace has opened at the former Lowe’s Home Improvement property at 1171 W. Dillon Road, completing the redevelopment of a commercial site that had been vacant since 2019.
The 122,000-square-foot building officially opened June 24 after Dillon Companies, a subsidiary of The Kroger Co., purchased the property for $22.6 million and completed a $23.6 million redevelopment.
Before the sale, Koelbel and Company worked with Vitrian on a proposal to redevelop the site as the Centennial Valley Innovation Center, a campus for biotechnology and advanced manufacturing. The project was not pursued.
“Large-format vacant retail buildings present unique redevelopment challenges, and our goal has always been to see this important Louisville site returned to productive use,” said Carl Koelbel, president and CEO of Koelbel and Company.
The new King Soopers Marketplace includes a grocery store, an in-store Starbucks, Murray’s Cheese Shop, a sushi department, a drive-thru pharmacy, pickup and delivery services and a fuel center with five fuel pumps and eight electric vehicle charging stations.
Koelbel said redeveloping underused commercial properties benefits local communities regardless of the final use.
“Whether through employment centers, housing, mixed-use projects or neighborhood-serving retail, bringing underutilized properties back to life strengthens the local economy,” Koelbel said.
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