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Page Background ColoradoMills rebounds after hailstorm

INSIDE

by Michelle Z. Askeland

When golf-ball-sized hail hit Lake-

wood and the surrounding areas May

8, the storm shattered records as the

costliest hailstorm in the state’s his-

tory, with auto and home insurance

claims of $1.4 billion, according to the

Rocky Mountain Insurance Informa-

tion Association. One of the most

publicized structures damaged was

Colorado Mills, a 1.1 million-square-

foot shopping center near Interstate

70West and Sixth Avenue. Many recall

the viral videos of the flooding.

“Colorado Mills sustained extensive

damage to the entire center from a

historic hailstorm,” said Les Morris,

spokesperson for Simon Property

Group, which owns the shopping

center. “Subsequent to the storm, the

center evacuated and closed its doors

to the public while multimonth resto-

ration work took place.”

Immediately following the storm,

Simon Property Group assessed the

damage and hired a company to han-

dle cleanup. Simon, a publicly traded

company, which owns retail proper-

ties in 37 U.S. states and Puerto Rico,

declined to comment on the cost of

the damage.

Once the cleanup was completed,

Simon partnered with The Beck

Group, an integrated architecture and

construction firm, to manage the proj-

ect and design-build teams.

Nine months later, the majority of

Colorado Mills is open, and crews are

wrapping up a massive construction

project that required, at times, more

than 550 tradesmen.

In the span of roughly four months,

from when new construction started

July 31 to the majority of the mall

reopening on Nov. 21, the scope and

pace of the project was unprecedent-

ed. Compared to a standard project

of this size, John Chisholm, Denver’s

operations manager with The Beck

Group and the integrated project

leader for the Colorado Mills restora-

tion project, estimates that the work

was finished in half the time typically

required.

“I’ve never seen anything like it,”

Chisholm. “I mean, we didn’t do any-

thing different than we’ve done in the

Industrial space is becoming an increasingly important real estate component for retailers. Industrial demand PAGE 20 Cherry Creek North celebrates another year of increased sales tax collections. District spotlight PAGE 24 A developer shares insights to capitalize on retail trends to help projects succeed. Space activation PAGE 21 Please see Page 25 February 2018

The Beck Group

As flooring, ceiling tiles, roofing and drywall all needed to be replaced, the reopened Colorado Mills features a refreshed, contemporary look while still preserving some of its legacy features.