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1.2-Mil SF Colorado Mills Readies for Groundbreaking

LAKEWOOD, CO-Sometime next week, dirt will be flying on a 1.2-million sf project of Arlington, VA-based Mills Corp. and Denver's Stevinson family. The family, which developed Denver West, has been eyeing a retail project on the land for 30 years.

By John Rebchook | Updated on April 22, 2001

LAKEWOOD, CO-Next week, the Mills Corp. of Arlington, VA will start construction on the 1.2-million sf Colorado Mills, a shopping center situated on 130 acres in this suburb west of Denver.

Mills will develop the project, with an estimated completed value of about $250 million, with the well-known local Stevinson family. The land, across from a 325,000-sf retail center developed by Greg Stevinson, has been in his family for about 30 years. “We’re there,” Stevinson tells GlobeSt.com. “We’ve been looking at doing a retail center on this land for 30 years. I remember talking to my dad (the late Chuck Stevinson) about that. I’ve been working on it for the past 14 years.”

For more than a decade, Stevinson had been working with the Hahn Co. But when Nordstrom decided to go to Westcor’s FlatIron Crossing regional mall in Broomfield, instead of Stevinson’s land, Stevinson changed directions. “People think it’s been a long time, but I could have developed this project a lot of time if I wanted an ordinary mall,” Stevinson says. “I didn’t want a mall that would cannibalize other shopping centers in the area.”

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