Smart developers are no strangers to redeveloping tired retail assets in high-traffic locations. NewMark Merrill is one of those developers. Two of the projects the firm was showing to retailers at the ICSC Western Division conference in San Diego last week were Twin Peaks Mall, in Longmont, CO; and Winston Plaza, in Melrose Park, CO.
Both are major renovation projects. Twin Peaks is a de-malling situation where the firm hopes to add a state of the art movie, theater, restaurant pads and other tenants. Winston Plaza, completed in 2011, grabbed Meijer as an anchor tenant as part of its overhaul, which included other tenant changes.
Sandy Sigal, NewMark's chief executive and president spoke with us about both projects.
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