City leaders and mall officials officially break ground on Foothills Mall (February 26, 2014)
Foothills Mall Redevelopment
West Monroe Drive will be closed at the College Avenue intersection for construction starting Thursday, March 6, 2014. This closure is scheduled to run through Monday, March 10, weather permitting, as crews excavate the area, install precast boxes, backfill and temporary surface overlay as part of the relocation of Larimer County Canal No. 2. Permanent road surface improvements will be completed in April.
Greenwood Village-based Alberta Development Partners broke ground today on Foothills, a $300 million redevelopment of the old Foothills Mall in Fort Collins.
The redevelopment project is kicking off with the demolition of the old Mervyn’s department store at Monroe and Stanford on the southeast side of the mall. The entire redevelopment will boast 660,000 square feet of retail space, including a 10-screen Cinemark all-digital movie theater, and 400 to 800 apartments. The project is expected to be completed by the 2015 holiday season.
“This re-imagining is one of the single largest re-development efforts in the country today,” said Don Provost, principal of Alberta Redevelopment Partners. “The partnership with the city and community has created the opportunity to realize the vision."
Within the next several weeks, contractors for the Foothills Mall will begin removing 26 trees near the former Tres Margaritas to build the project’s first new retail building.
Affiliates of Walton Street Capital and Alberta Development Partners, owners and developers of the Foothills Mall, demolished the Tres Margaritas building at 3400 S. College Avenue at the end of 2013. Trees will be removed so construction can begin on Phase One, which includes a new 10,500-square-foot retail building.
Initially, 13 trees will be removed with another 13 trees to be removed in March. Trees will be chipped on site for mulch, which will be made available to a private landscaping firm.
A total of 54 new, upsized trees will be planted as part of Phase One per the development plans finalized with the City.
Construction on the Foothills Mall will begin this month now that the City of Fort Collins and Walton Foothills Holdings VI LLC have signed a redevelopment agreement to clean up blight and improve the property’s public infrastructure.
The City Council and the Fort Collins Urban Renewal Authority Board of Directors on Tuesday approved the final redevelopment agreement with the mall developer. The agreement was signed this week.
The mall will remain open during construction. Site preparation work will begin within the next several weeks on the property’s perimeter, adjacent to College Avenue.
Read more about what's planned.
Relocation work for Larimer County Canal No. 2 between West Monroe Drive to south of West Foothills Parkway will begin Monday, January 20. This section of the canal runs between southbound College Avenue and Frontage Road West. This relocation project will make room for a pedestrian/bicyclist underpass under College Avenue, which will lead to the redeveloped Foothills Mall.
City Council Approves Mall Redevelopment Agreement
City Council on January 14 approved an agreement with Walton Foothills Holdings VI for redevelopment of the Foothills Mall.
In May, the Council approved a $53 million public assistance package including a $45 million base financial assistance package that will revitalize the Foothills Mall and restore essential sales tax revenue. The financial package includes an $8 million investment in City infrastructure, including a new Foothills Activity Center and an underpass for pedestrians and bicycles under College Avenue that connects the mall to the Mason Street Corridor and MAX Bus Rapid Transit.
Alberta returned to the Planning and Zoning Board this fall with a proposal to reduce the overall square footage of the project. That altered the financial agreement, which requires Council approval. The Council approved that revised financial package on January 14.
To receive updates on the Foothills Mall redevelopment, sign up for an email newsletter at fcgov.com/foothillsmall. General information about the Fort Collins Urban Renewal Authority – including a list of Frequently Asked Questions - is available at renewfortcollins.org.
Affiliates of Walton Street Capital and Alberta Development Partners, owners and developers of the Foothills Mall, will begin removing the Tres Margaritas building at 3400 S. College Ave before the end of 2013 in preparation for mall redevelopment.
The City’s Planning and Zoning Board on November 19 approved the Phase One Major Amendment to the Foothills Redevelopment Project Development Plan, which includes construction of a 10,500-square-foot retail building. The building will be constructed on the site of the existing Tres Margaritas building near College and Monroe Avenues. Tres Margaritas closed on November 30.
The City's Land Use Code allows the demolition to proceed, however construction of the proposed retail building cannot occur until the Phase One plans are finalized. Alberta has agreed to recycle and reuse materials from the building as part of the demolition, which will occur at the developer’s cost. Recycled materials will include doors, windows, cabinets, fixtures, concrete and masonry, wood, metals and cardboard.
City Council Approves Foothills Redevelopment plan
The Fort Collins City Council on Tuesday, May 7 approved a $53 million public assistance package including a $45 million base financial assistance package that will revitalize the Foothills Mall and restore essential sales tax revenue, as well as an $8 million investment in City infrastructure, including a new Youth Activity Center and a underpass that connects to the Mason Street Corridor. Total project investment in the community is expected to be $312 million.
Materials associated with the package are available with the April 23 work session and the May 7 Council agenda at fcgov.com/cityclerk. The Work Session can also be viewed at fcgov.com/cable14 via video on demand.
Questions? Concerns? Contact us:
Public Relations Coordinator