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Page Background 16th Street Mall: An economic engine

INSIDE

D

owntown Denver and its

city center neighborhoods

are home to nearly 80,000

residents, a number that

has increased by 16,000

since 2010. Denver is one of the

fastest-growing cities in the country,

and Denver’s center city is expected

to add close to 10,000 additional

residents by 2022. This residential

renaissance, when combined with a

rapidly growing workforce of more

than 130,000 strong, has encour-

aged significant retail development,

including first-to-market and new-to-

downtown options,

which is especially

visible along the

16th Street Mall.

As one of Den-

ver’s most powerful

economic engines,

the mall gener-

ates more than 30

percent of the total

sales tax collected

in downtown.

Retail is a power-

ful component of

several strategies to

help steward the successful future of

downtown’s most heavily trafficked

corridor as one that is safe, welcom-

ing and inclusive.

The Downtown Denver Partner-

ship and the city and county of

Denver, alongside mall property

owners, are executing a retail strat-

egy for downtown’s “main street”

that includes recruiting high-quality

amenities, especially high-impact

retail concepts that are attractive

to residents, visitors and employ-

ees alike. The vision, outlined in

the 2007 Downtown Area Plan, is

to support downtown’s overall eco-

nomic vitality through diverse retail

uses as part of a place-based eco-

nomic development strategy that

has seen significant momentum of

late.

Several recent retail arrivals signal

the strength of the market, includ-

ing the October 2016 opening of

international retailer Uniqlo. The

brand’s 30,000-square-foot flagship

store features a vibrant mall façade

and anchors Denver Pavilions. In

The city of Thornton is embracing new retailers that meet these industry trends. Retail’s evolution PAGE 12 The city is cultivating a booming retail district built on years of solid foundation. Olde Town Arvada PAGE 22 Larkburger shares it site-selection process for determining new restaurant locations. Leasing insights PAGE 18 Please see Page 24 May 2017

Denver Pavilions

The 16th Street Mall generates more than 30 percent of the total sales tax collected in downtown Denver and continues to announce first-to-market and new-to-downtown retailers.

Emily Brett

Economic

development

manager,

Downtown Denver

Partnership, Denver