Hensel Phelps Broke Ground on Loveland Headquarters

The construction firm has officially started work on a new 111,528-square-foot facility at Avenue South.

Updated on Sept. 30, 2026 in Construction

A construction site with a large concrete foundation and yellow crane under a bright sun, set in a desert-like landscape. — Hensel Phelps has officially commenced construction on its new 111,528-square-foot headquarters in Loveland, aiming to support company growth with modern office space. AI Illustration. Upload story photo >

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Hensel Phelps began construction on its new four-story headquarters in Loveland this week. The firm, which is moving from its current base in Greeley, aims to accommodate company growth and provide a modern workspace.

Why it matters

The company outgrew its existing headquarters, which has been hampered by facility issues including leaking ceilings and flickering lights. The move is supported by local incentives designed to bring significant job growth to the area.

The new facility spans 111,528 square feet across four stories and is expected to attract as many as 400 jobs to the area. City officials waived $1 million in building fees as part of the relocation deal.

The players

Hensel Phelps

Hensel Phelps is a large construction company currently operating its headquarters in Greeley.

City of Loveland

The city of Loveland is the municipal government body that approved financial incentives to attract the company to the local area.

The details

The facility at the former Centerra South development, now known as Avenue South, will feature an atrium, a cafe, office space, and outdoor patios. The city of Loveland approved financial incentives, including a $2,000 payment per employee hired up to a $500,000 maximum, to secure the company move.

Ground was broken on the new headquarters on September 30, 2026.
Construction of the facility is expected to be complete in 2027.

Market Landscape

The relocation reflects a broader trend of construction firms upgrading to modern, purpose-built headquarters to support workforce expansion. This move positions Loveland as an increasingly competitive hub for large corporate operations within Northern Colorado.

Residents can expect an influx of up to 400 new jobs in the region as the project nears its 2027 completion date. The city investment in these incentives reflects a broader strategy to boost the local employment base through corporate attraction.

The takeaway

The transition to a new, modern headquarters aims to resolve significant infrastructure issues at the company's aging Greeley facility. Companies often prioritize energy-efficient and modern workspaces to retain talent and improve overall operational efficiency.