Construction Began on 29-Acre Loveland Retail Hub

The Schmer Farm Marketplace will bring a large-format grocery store and new retail space to U.S. Highway 34.

Updated on Oct. 14, 2026 in Openings & Closings

Construction Began on 29-Acre Loveland Retail Hub

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Evergreen Development and the Schmer family have broken ground on the 29-acre Schmer Farm Marketplace in Loveland. The site is anchored by a 122,000-square-foot King Soopers and will include space for additional retail tenants.

Why it matters

The project represents a significant infrastructure and retail investment intended to stimulate local economic growth. It marks a transition for the land from agricultural use to a commercial destination while attempting to preserve historical context.

The development spans 29 acres and features a 122,000-square-foot King Soopers alongside an 8,500-square-foot multi-tenant building. The project follows a 14-year planning duration to align infrastructure improvements with city and developer partners.

The players

Evergreen Development

A real estate development firm focused on large-scale retail projects and mixed-use infrastructure.

King Soopers

A major regional grocery retailer and subsidiary of the Kroger Company that acts as a primary anchor for high-traffic shopping centers.

Schmer family

Landowners who have partnered with developers to convert historic agricultural property into commercial retail assets.

The details

The development transforms a long-held family farm into a regional retail hub through a partnership between the Schmer family and Evergreen Development. Infrastructure expansion is currently advancing through coordinated efforts with the city and neighboring developers to support the increased traffic flow. Future tenants, including Chase Bank and Black Rock Coffee Bar, are slated to join the site alongside the large-format grocery anchor.

October 14, 2026: Groundbreaking occurred for Schmer Farm Marketplace.
Late 2027: The shopping center is expected to open to the public.

Market Landscape

The development reflects a broader regional trend of converting agricultural holdings along U.S. Highway 34 into high-density commercial corridors. This move mirrors previous suburban retail transitions that rely on major grocery anchors to drive traffic for secondary multi-tenant buildings.

Operators in the Loveland area should monitor the 2027 opening timeline as a signal for potential consumer traffic shifts near U.S. Highway 34. Small business owners should evaluate the ripple effects on local labor markets and nearby commercial lease demand created by the new multi-tenant capacity.

The takeaway

Commercial developments of this scale create long-term shifts in local foot traffic and service demand. Monitor the progress of infrastructure upgrades near Rocky Mountain Avenue to assess potential impacts on your own supply delivery or customer access routes.