A three-block mixed use center that served as the heart of Stapletons first neighborhood. It needed to include retail, office, rental housing and community gathering places to create a sence of belonging before the overall community was completed.

Property Size

• 100,000sf of community service retail, including a grocery store, drug store, bank, restaurants and main street retail and parking.
• 166 units of multifamily residential
• 34,000 SF of office
• 2.5-acre park and community gathering space.

Highlights

• The quality of the project was key to the success of the entire redevelopment effort.
• Mainstreet retail was treated as a loss leader to drive sales volume for the community. Leases were limited to 5 years so that once the place was established rents could be set to market.
• Project focused on a Main Street retail concept with the larger retail footprints stores set behind the Mainstreet with larger parking fields.
• All office and residential was placed on upper floors.
• Project was financed using a traditional and TIF financing.
• Project was highly successful with the first 550 unit community sold out before any models had been completed.