Construction Began at Schmer Farm Marketplace
Evergreen Development and the Schmer family have started building a 29-acre retail project in Loveland.
Updated on Oct. 14, 2026 in Openings & Closings
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The Schmer family and Evergreen Development have broken ground on Schmer Farm Marketplace at the intersection of U.S. Highway 34 and Rocky Mountain Avenue. The 29-acre retail center will feature a 122,000-square-foot King Soopers store and fuel center.
Why it matters
The development aims to provide economic benefits and modern infrastructure to Loveland while preserving the history of the family-owned land. It serves as a major commercial expansion for the area through a partnership between private developers and local stakeholders.
The project spans 29 acres and includes a 122,000-square-foot King Soopers alongside an 8,500-square-foot multi-tenant retail building. Planning for this site has been in development for 14 years.
The players
Evergreen Development
This real estate firm specializes in the development and management of commercial retail properties across various regions.
Schmer family
The family owns the land where the marketplace is being constructed and has partnered with developers to oversee the site's transformation.
King Soopers
A prominent supermarket chain owned by Kroger that operates numerous locations throughout the Rocky Mountain region.
The details
The project is anchored by a new King Soopers and fuel center, with leases already secured for Black Rock Coffee Bar and Chase Bank. Infrastructure improvements at the site are currently being finalized through coordinated efforts between the city and surrounding developers.
Timeline
Groundbreaking for the Schmer Farm Marketplace occurred on October 14, 2026.
The shopping center is scheduled to open to the public in late 2027.
Market Landscape
The Schmer Farm Marketplace aligns with the nationwide shift toward large-scale grocery-anchored retail center developments. By combining a major grocery anchor with smaller retail tenants, the project mirrors strategies used to ensure long-term commercial viability in expanding suburban corridors.
Residents can expect new shopping options including a King Soopers, a fuel center, and a coffee shop once the development is complete. These additions will increase retail accessibility for the local community and represent a significant change to the current commercial landscape.
The takeaway
The transformation of this farmland highlights how private-public partnerships are reshaping commercial access in rapidly developing cities. Local residents should monitor future site updates as the 2027 completion date approaches to see which additional retail businesses finalize leases.
Further reading
For more information on retail changes in the area, visit the Loveland Openings & Closings.
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Do you believe large new retail shopping centers improve the quality of life in your community?
