AURORA, Colo. (CBS4) – A major transformation is underway at an old aviation facility in the Stapleton area.

Stanley Aviation’s former headquarters has sat vacant for years in its northwest Aurora location. But the 60-year-old landmark is now getting a facelift, and what was Stanley Aviation will become Stanley Marketplace.

The plan is for the building to become the home of 48 local, independent businesses.

“The building itself is about 140,000 square feet,” said developing partner Mark Shaker.

(credit: CBS)

(credit: CBS)

Shaker, of Flightline Ventures, said part of the redevelopment will include a community space with couches, tables and chairs that they intend to be “like a mini Union Station.”

An artist’s rendition shows the three acre space full of retail, food offerings and fitness.

An artist's rendition of Stanley Marketplace (credit: CBS)

An artist’s rendition of Stanley Marketplace (credit: CBS)

Shaker says the marketplace will be an economic engine for the neighborhood.

“You’re seeing the impacts already as far as different businesses coming into this area because of the Stanley project that probably wouldn’t have looked at this neighborhood a year or two ago,” Shaker said.

The organizers of the Cherry Creek Arts Festival will hold a festival at the location on Oct. 23-25. It will allow residents a chance to see the progress on the northwest Aurora project up close.

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