Ginsborg: "Throw in a recession and you have the perfect storm to create a redevelopment opportunity." DENVER—In 2012, NewMark Merrill purchased a 50% vacant retail center for $8.5 million. Five years and $90 million of additional investment later, the new Village at the Peaks is the retail centerpiece of the community with Whole Foods, Sam's Club and a Regal Cinemas movie theater among the anchor tenants at the 500,000-square-foot complex. To accomplish this success, NewMark Merrill forged partnerships with the city and the community to create a retail center curated to the tastes of Northern Colorado residents. For a closer look at this case study, we sat down with Allen Ginsborg , NewMark Merrill Mountain States managing director and principal for an exclusive interview. Here, he gives us an inside look at the making of Village at the Peaks. GlobeSt.com: Why was this mall a good candidate for redevelopment? Allen Ginsborg: GlobeSt.com: What are some of the characteristics that you look for in a redevelopment opportunity like this? Ginsborg: Another key to a successful redevelopment is engaging the community early, personally and often. I held more than two dozen community meetings with a couple of thousand stakeholders to develop and refine what people in the community said they wanted. Then I tested our vision using community-wide polling and opinion surveys to be sure we were on track and to educate and build public consensus about the market and tenant demand. I always want the majority of the community to be my partner in our projects. I can't fight the battle to attract retailers and deal with the rising costs, and have the community fighting me along the way too. That's a losing hand. GlobeSt.com: What was your vision for the Longmont project? Ginsborg: GlobeSt.com: Tenant mix is becoming increasingly important in retail. How important was the tenant mix to this project? Ginsborg: GlobeSt.com: You partnered with the city on this project. Why was that partnership important to the success of the project? Ginsborg: GlobeSt.com: Give me an update on the project today, and how much value you have created post redevelopment? Ginsborg: GlobeSt.com: What is next for the project? What is your long-term business plan? Ginsborg: Ginsborg: "Throw in a recession and you have the perfect storm to create a redevelopment opportunity." DENVER—In 2012, NewMark Merrill purchased a 50% vacant retail center for $8.5 million. Five years and $90 million of additional investment later, the new Village at the Peaks is the retail centerpiece of the community with Whole Foods, Sam's Club and a Regal Cinemas movie theater among the anchor tenants at the 500,000-square-foot complex. To accomplish this success, NewMark Merrill forged partnerships with the city and the community to create a retail center curated to the tastes of Northern Colorado residents. For a closer look at this case study, we sat down with Allen Ginsborg , NewMark Merrill Mountain States managing director and principal for an exclusive interview. Here, he gives us an inside look at the making of Village at the Peaks. GlobeSt.com: Why was this mall a good candidate for redevelopment? Allen Ginsborg: GlobeSt.com: What are some of the characteristics that you look for in a redevelopment opportunity like this? Ginsborg: Another key to a successful redevelopment is engaging the community early, personally and often. I held more than two dozen community meetings with a couple of thousand stakeholders to develop and refine what people in the community said they wanted. Then I tested our vision using community-wide polling and opinion surveys to be sure we were on track and to educate and build public consensus about the market and tenant demand. I always want the majority of the community to be my partner in our projects. I can't fight the battle to attract retailers and deal with the rising costs, and have the community fighting me along the way too. That's a losing hand. GlobeSt.com: What was your vision for the Longmont project? Ginsborg: GlobeSt.com: Tenant mix is becoming increasingly important in retail. How important was the tenant mix to this project? Ginsborg: GlobeSt.com: You partnered with the city on this project. Why was that partnership important to the success of the project? Ginsborg: GlobeSt.com: Give me an update on the project today, and how much value you have created post redevelopment? Ginsborg: GlobeSt.com: What is next for the project? What is your long-term business plan? Ginsborg:

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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