After more than 10 years of planning and several years waiting for a developer, Northglenn has broken ground on a 10-acre commercial center at 120th Avenue and Grant Street.
Officials with the city, Northglenn Urban Renewal Authority (NURA) and Hawkins Development celebrated the groundbreaking of the Webster Lake Promenade on Monday, July 29.
“The groundbreaking was the result of identifying a visionary developer, the economy rebounding and a lot of hard work by the Hawkins Development, the City Council, NURA board and city staff,” said Debbie Tuttle, economic development manager for the city and NURA executive director.
Webster Lake Promenade will house about 47,000 square feet of restaurant, retail and other commercial space with seven buildings. The site is being developed by Hawkins, which acquired the property from the city and NURA in early July.
“This site is a prime real estate location in the metro north area,” Tuttle said. “This is evident in that the Webster Lake Promenade was almost completely leased out before they even began construction. So finding the right developer and partner was a key component to the success of this project.”
Tenants who have signed leases at the Promenade include: Longhorn Steakhouse, Sleep Number by Select Comfort, Bad Daddy’s Burger Bar, Pacific Dental Services, Taziki’s Mediterranean Café, Café Rio Mexican Grill, Jamba Juice, Panera Bread, Jim `Nick’s Bar-B-Q and Jimmy John’s.
Only one and a half buildings remain vacant. The majority of the tenants should be open by mid-summer 2014 with full construction built out in 18 months, Tuttle said.
She said that almost 300,000 people live within five miles of the location, and between 120th Avenue and Interstate 25, almost 210,000 cars pass by each day. The project will bring in about $13 million in capital investments and 200 new jobs, according to Hawkins Development.
“(Webster Lake Promenade) will revitalize that area,” said Mayor Joyce Downing. ”We need the jobs and new construction in Northglenn, but it will also provide quality restaurants and services from the residents, businesses and visitors.”
The city and NURA began assembling the 11 acres on 120th and Grant more than 10 years ago. A Days Inn and other businesses were demolished to prepare the site for development.
“Over the years there were several proposed developments however they resulted in false starts,” Tuttle said. “The economy played a part in slowing down the project over the last few years as well.”
She said the area from Webster Lake Promenade to Boondocks Fun Center along Community Center Drive is designed to be pedestrian friendly and a community gathering place.
“The connectivity between the E.B. Rains Jr. Memorial Park, Webster Lake, Senior Center, D.L. Parsons Theatre, Recreation Center and the municipal services facilities have created an entertainment and community destination location,” Tuttle said.