Colorado Real Estate Journal - November 4, 2015
A hotel and four restaurants are in the queue for the long planned Centerplace North development, which just broke ground in Greeley. “We’re very excited to be able to get to the point that we can start moving dirt at this site,” said Mark Bradley, managing broker of Realtec Greeley. “We will be able to bring new life to a project that has been stalled for many years as a victim of the recession,” he said. A Holiday Inn Express with more than 100 rooms, along with McAlister’s Deli, Fuzzy’s Taco Shop, Popeyes Chicken and Smashburger, will be part of the development, which is located on the north side of Centerplace Drive and 44th Avenue. Additional retailers are expected to be announced soon. The development, where restaurants will begin opening next spring, could add up to 200,000 square feet of retail space to the Greeley market. Bradley, along with Scott Hagan of David, Hicks & Lampert Brokerage, are focused on capturing larger retail or office users to go on the north side of the commercial tract, as well as another hotel and sit-down restaurant. “We feel that a restaurant will do very well in this location with the activity in the area and the presence of two hotels,” Hagan said. Centerplace North comprises approximately 25 acres of commercial ground and 17 acres of medium-density residential land. Mariner Real Estate Management is developing the project, which is across the street from retailers including Target and Kohl’s. “Centerplace is already a dynamic center for Greeley, and Centerplace North will just add to the activity in the area, making it a very desirable area for retailers and consumers,” said Bradley. CORE Development Greeley, a sister company of Realtec, is the project manager.