Search
 

Forest City In Denver Boom

Westminster, CO–Forest City will break ground on the 1.3 million-sf Orchard at Westminster as it builds two other big centers in the area.

By John Rebchook | Updated on December 17, 2004

Westminster, CO–Forest City Enterprises plans to break ground in April on the $150 million, 1.3 million-sf lifestyle center called the Orchard at Westminster at interstate 25 and West 144th Avenue. The center, modeled after the company’s recently opened Victoria Gardens in Rancho Cucamonga, Calif., will be anchored by a J.C. Penney’s and a Foley’s. Foley’s is owned by the St. Louis-based May Co. and is the dominant department store in the Denver metro area.

The two department stores will join a previously announced 12-screen AMC movie theater on the 215-acres site. The center is scheduled to open in phases starting in October 2006. Forest City, based in Cleveland, in the metro area also is developing Stapleton, which is three quarters the size of the island of Manhattan and the largest infill development in the country, and the 750,000-sf Saddle Rock Village retail center in southeast Aurora.

The Orchard at Westminster is designed to serve the under-retailed northern corridor. ” I think it is a fantastic project,” Mary Beth Jenkins, a real estate broker and consultant with the Denver-based Laramie Co. tells GSR. “ Forest City is coming up with this after their incredible success at Rancho Cucamonga. That center is just blowing everyone’s socks off. I hesitate to even call these malls, because they’re more of a Main Street, village-center. Department stores need to really think outside of the box, so to speak, and this represents the new wave and evolution of centers. And each time they do one, they learn and improve it.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.