July 15-August 4, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 37
Shopping Center Update
Flip Flop Shops, one of the
fastest-growing retail chains in
North America, is opening up a
store at FlatIron Crossing.
Flip Flop Shops is a retail
store dedicated exclusively to
flip flops and casual footwear,
offering a year-round shop-
ping destination that features
the hottest brands and latest
styles. From island music to
coconut scents in the store, the
shopping experience promotes
the relaxed lifestyle symbolic
of flip flops.
“Flip flops are an extension
of who I am and my laid-back
lifestyle,” said Craig Murray,
owner of the FlatIron Cross-
ing shop. “I know consumers
throughout the area are just as
passionate about freeing their
toes as I am, and will instantly
connect with the brand.”
This Flip Flop Shops is the
first store in Broomfield and
third in Colorado.
FlatIron Crossing is located
at 1 W. Flatiron Crossing Drive
in Broomfield.
H&M, one of the world’s
largest fashion retailers, will
open a new location at South-
west Plaza.
The 25,000-square-foot store
provides customers with a one-
stop shopping destination that
offers fashion-forward clothing
for the whole family at afford-
able prices. H&M emphasizes
design, quality and sustainability
throughout a variety of collec-
tions including women’s, men’s,
children’s, accessories and sport
apparel.
The new location at Southwest
Plaza is scheduled to open this
fall.
Southwest Plaza is located at
8501 W. Bowles Ave. in Littleton.
City Street Investors and Ever-
green Development are teaming
up to develop a shopping and
dining district featuring indepen-
dent, local restaurants at East-
bridge Town Center at Stapleton.
Pat McHenry, a principal of
City Street Investors, said the
project ultimately will have eight
to 12 tenants, with the majority of
them being local businesses.
“The people of Stapleton are
Denverites,” said McHenry.
“When you consider yourself
a Denverite, you have certain
expectations. We are working
with other hip, cool retail and are
excited to be a part of something
that is authentic, local and part of
the community.”
King Soopers is planning a
58,000-square-foot grocery store,
and the project includes 22,000 sf
of additional retail space.
Restaurateur Troy Guard was
the first tenant to sign a deal.
Guard is planning two restau-
rants, one of which, Los Chin-
gones, will be similar to the res-
taurant of the same name in Den-
ver’s Ballpark neighborhood.
Eastbridge Town Center at
is located along Martin Luther
King Boulevard just to the west
of Havana in Stapleton.
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Flip Flop Shops, offering year-round casual footwear, opened its third
Colorado location.
do sales taxes fund the operations
of many municipal functions.
“I would think stores more in
the interior are primarily neigh-
borhood stores,” such as the Safe-
way on Wadsworth, just off West
38thAvenue.
Goff lives near the $28 million
Kipling Center redevelopment
that includes the Sprouts and
is the biggest redevelopment in
Wheat Ridge since 1987.
“I drive by it all of the time and
theparking lot is always full,”Goff
said.
MorningStar Senior Living, a
64-unit assisted living and memo-
ry care center on 2.3 acres, is under
construction and set to open in
January at Kipling Center.
As part of the redevelopment
efforts, Denver-based Confluent
Development provided significant
public improvement.
Improvement included remov-
al of various blighted buildings,
upgraded street improvements on
Kipling Street and 38th Avenue,
and a new storm drainage system
to replace the aging system.
“Kipling Ridge is a textbook
example of how a public-private
partnership can create and trans-
form a blighted corner into viable
mixed-use project that the com-
munity of Wheat Ridge can be
proud of into the future,” said
Greg Moran, senior development
director of Confluent Develop-
ment.
In 2014, Confluent Develop-
ment, with the assistance of the
city of Wheat Ridge, assembled
four parcels with separate own-
erships to create Kipling Ridge
Marketplace.
The project replaces a dilapi-
dated cluster of predominantly
vacant buildings that had become
an eyesore to the community and
lacked any significant retail sales
tax generation to the city.
Confluent Development is plan-
ning a 4,500- to 6,000-sf, multiten-
ant retail shop on the last remain-
ing parcel on the 0.62-acre site
anchored by the Sprouts.
Courtney Key with Sullivan-
Hayes is handling leases for the
center.
In addition to the Sprouts, Star-
bucks has opened a new 2,100-sf
store, replacing the smaller one
that previously was on the site.
Meanwhile, as far as the Wad-
sworth and West 38th Avenue
site, Goff noted that in the past
two or three years, four develop-
ers have come upwith conceptual
plans for the parcel.
“Three of the four had a Neigh-
borhood Market,” as the anchor
grocer, Goff said.
“One of the four called for a
Whole Foods, but when the
Whole Foods site selection people
looked at it, they said theywanted
to be farther to the east and closer
to Denver.
“So the market seems to be say-
ing that is a site best suited for a
Neighborhood Market.”
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