{"id":1319563,"date":"2020-04-21T17:41:37","date_gmt":"2020-04-21T23:41:37","guid":{"rendered":"https:\/\/www.postindependent.com\/?p=995750"},"modified":"2020-04-22T08:23:46","modified_gmt":"2020-04-22T14:23:46","slug":"plan-for-west-glenwood-mall-redevelopment-falls-through","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kske\/local-news\/plan-for-west-glenwood-mall-redevelopment-falls-through\/","title":{"rendered":"Plan for West Glenwood Mall redevelopment falls through"},"content":{"rendered":"<figure class=\"wp-block-image p402_hide\">\n<div class=\"caption-container\"> <img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"638\" src=\"https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/04\/Mall-gpi-042220-1024x638.jpg\" class=\"attachment-large size-large wp-post-image\" alt srcset=\"https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/04\/Mall-gpi-042220-1024x638.jpg 1024w, https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/04\/Mall-gpi-042220-300x187.jpg 300w, https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/04\/Mall-gpi-042220-768x478.jpg 768w, https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/04\/Mall-gpi-042220-1536x957.jpg 1536w, https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/04\/Mall-gpi-042220-2048x1276.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption><strong>A man walks his dog through the empty parking lot of the Glenwood Springs Mall on Tuesday morning.<\/strong><br \/><em>Chelsea Self \/ Post Independent<\/em><\/figcaption><\/div>\n<\/figure>\n<p>CenterPointe Development, the Arizona-based company that was interested in purchasing and redeveloping the Glenwood Springs Mall, is no longer pursuing the project.<\/p>\n<p>CenterPointe was under contract to purchase the mall properties in West Glenwood but was unable to reach an extension agreement with mall owner Frank Woods.<\/p>\n<p>According to CenterPointe Managing Partner Matt Ladendorf, many of the potential tenants he had been recruiting were uncertain of their own financial futures as a result of the COVID-19 crisis.<\/p>\n<p>\u201cIt wasn\u2019t fair to move forward if we weren\u2019t sure which tenants were going to be there at the end of the day,\u201d Ladendorf said.<\/p>\n<div class=\"row\">\n<div class=\"col\">\n<div class=\"row gspi-donation gspi-donation-mobile p-0\">\n<div class=\"col-xl-4 p-2\">\n<div data-bg=\"url(https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/03\/PI-logo-white.png)\" class=\"p-0 mt-2 mb-2 h-75 text-center rocket-lazyload\"><img decoding=\"async\" src=\"https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/03\/PI-logo-white.png\" class=\"logo m-0 p-0 invisible\"><\/div>\n<\/div>\n<div data-bg=\"url(https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/03\/pi-banner-paypal.jpg)\" class=\"col-xl-8 p-3 text-center rocket-lazyload\">\n<h3 class=\"d-inline mr-3\">Support Local Journalism<\/h3>\n<p><button class=\"btn d-inline\" type=\"button\"><a href=\"https:\/\/www.postindependent.com\/donate\/?utm_source=article&amp;utm_medium=website&amp;utm_campaign=donation&amp;utm_term=&amp;utm_content=mid-article\">Donate<\/a><\/button><\/div>\n<\/div>\n<p><\/div>\n<\/div>\n<p>Requests for comment from Woods weren\u2019t returned Tuesday.<\/p>\n<p>CenterPointe had also requested additional time in order to finalize its lease agreement with the mall\u2019s current anchor tenant \u2014 Ross Dress For Less, Inc.<\/p>\n<p>\u201cI was so optimistic and we were willing to go forward once we got Ross signed and we knew it was just a matter of time with all the other retailers,\u201d Ladendorf said.<\/p>\n<p>According to Ladendorf, CenterPointe had hoped to close on the property later this year.<\/p>\n<p>\u201cWe were in discussions with Hobby Lobby, Kohl\u2019s, Old Navy, Famous Footwear,\u201d Ladenhorf said. \u201cWe had a grocer.\u201d<\/p>\n<p>Ladenhorf declined to name the company behind the grocer.<\/p>\n<p>Ladenhorf also said CenterPointe had planned on demolishing portions of the mall\u2019s front entranceway to make room for additional plaza space.<\/p>\n<p>\u201cThe total investment was going to be close to $30 million,\u201d Ladendorf said.<\/p>\n<p>In 2018, city council approved establishing the Glenwood Springs Urban Renewal Authority to encourage redevelopment at the mall properties located at 51027 Highway 6 and 24, which Ross later challenged in court.<\/p>\n<p>At the time, the city had been working in conjunction with Woods to encourage redevelopment at the site.<\/p>\n<p>Ross\u2019 lawsuit against the city was dismissed and the two entities had been working toward a settlement agreement largely dependent on CenterPointe reaching its own lease agreement with Ross.<\/p>\n<p>\u201cRoss\u2019 attorneys and myself have been talking about how we move forward,\u201d said Karl Hanlon, Glenwood Springs city attorney. \u201cI think both sides really want to find a solution that doesn\u2019t involve continuing forward with court cases and I\u2019m confident that we can.\u201d<\/p>\n<p>According to the West Glenwood Springs Urban Renewal Plan, Ross\u2019 lease agreement with Woods extended \u201cextraordinary control\u201d to Ross, which made it \u201call but impossible\u201d for Woods to freely manage the mall properties.<\/p>\n<p>Ladenhorf said CenterPointe had worked with Ross on projects in the past and was confident a new lease agreement could have been reached.<\/p>\n<p>\u201cWe got to a final lease. We were done and it was going through the process of getting approved\u2026but it was going to be past our timeline for our due diligence,\u201d Ladendorf said of CenterPointe\u2019s lease agreement with Ross.<\/p>\n<p>Ladenhorf said had the lease come to fruition, Ross would have likely moved into the space previously occupied by J.C. Penny at the far end of the mall.<\/p>\n<p>According to assistant city manager Jenn Ooton, the city hopes redevelopment can happen in the future with another development team.<\/p>\n<p><em><a href=\"mailto:mabennett@postindependent.com\">mabennett@postindependent.com<\/a> <\/em><\/p>\n<p><a href=\"https:\/\/www.postindependent.com\/news\/plan-for-west-glenwood-mall-redevelopment-falls-through\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: Post Independent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A man walks his dog through the empty parking lot of the Glenwood Springs Mall on Tuesday morning.Chelsea Self \/ Post Independent CenterPointe Development, the Arizona-based company that was interested in purchasing and redeveloping the Glenwood Springs Mall, is no longer pursuing the project. CenterPointe was under contract to purchase the mall properties in West [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[160],"tags":[],"class_list":{"0":"post-1319563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-07 07:44:54","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSKE Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kske","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1319563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/comments?post=1319563"}],"version-history":[{"count":1,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1319563\/revisions"}],"predecessor-version":[{"id":1319575,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1319563\/revisions\/1319575"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/media?parent=1319563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/categories?post=1319563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/tags?post=1319563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}