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Flatiron Crossing Mall
USINFO | 2013-05-20 15:29
FlatIron Crossing Mall is a shopping mall, owned by Macerich Property Group, in Broomfield, Colorado. FlatIron Crossing features almost 1,500,000 square feet (140,000 m2) of retail space set in a two-level enclosed shopping mall, and an adjoining 50,000 sq ft (4,600 m2). outdoor pedestrian shopping plaza called The Village. It contains a sandbox and play area for children, as well as hang-out spots for teens and young adults. In addition to its retail shops, the property maintains 30 acres (120,000 m2) of parks landscaped with native plants, streams, waterfalls and trails. It also features several exterior water attractions: a 30-foot (9.1 m) natural waterfall, and a pond outside the food court.
The mall houses approximately 200 shops and restaurants. Some of the retailers include: Apple Store, Ann Taylor, Banana Republic, Chico’s, Coach, Coldwater Creek, The Disney Store, Eddie Bauer, Hanna Andersson, Hollister Co., J.Crew, J. Jill, and Talbots; beauty retailers like Aveda, The Body Shop, and Sephora; and home furnishings stores such as Crate & Barrel, Pottery Barn, Pottery Barn Kids, and Williams-Sonoma. The Village includes an AMC 14 Theatres, and a collection of restaurants lumped together with an assortment of specialty retailers and cafes. The specialty coffee Kopi Luwak is served at some of the more popular restaurants.
FlatIron Crossing Mall was developed by Westcor in 2000. At the time, it was considered an early adopter for being a new "hybrid"-style mall: enclosed shopping centers attached with large outdoor, open-air pedestrian areas. It also led in the development for sustainability, making use of the natural environment, using recyclable materials for parts of construction, and being energy-efficient.
Mall official announced in 2008 that the mall planned to undergo an extensive renovation, projected to cost $53 million. As part of a deal with the city, Broomfield would commit almost $26 million to reimburse Macerich if the project moved ahead. However, the recession delayed this project, and as of 2009, it was put on hold indefinitely.
Many tenant changes are expected in 2011; the mall opened in the year 2000 and 10-year leases are set to expire. Major brands such as McDonald's and Cinnabon, as well as other retailer and restaurants, have decided not to renew their agreements. Mall spokesmen have stated that tenant changes are a natural process for shopping centers. However, others believe the mall is on a downtrend; adding to their view is the fact that no replacements have been found for some of the stores planning to close.
The mall houses approximately 200 shops and restaurants. Some of the retailers include: Apple Store, Ann Taylor, Banana Republic, Chico’s, Coach, Coldwater Creek, The Disney Store, Eddie Bauer, Hanna Andersson, Hollister Co., J.Crew, J. Jill, and Talbots; beauty retailers like Aveda, The Body Shop, and Sephora; and home furnishings stores such as Crate & Barrel, Pottery Barn, Pottery Barn Kids, and Williams-Sonoma. The Village includes an AMC 14 Theatres, and a collection of restaurants lumped together with an assortment of specialty retailers and cafes. The specialty coffee Kopi Luwak is served at some of the more popular restaurants.
FlatIron Crossing Mall was developed by Westcor in 2000. At the time, it was considered an early adopter for being a new "hybrid"-style mall: enclosed shopping centers attached with large outdoor, open-air pedestrian areas. It also led in the development for sustainability, making use of the natural environment, using recyclable materials for parts of construction, and being energy-efficient.
Mall official announced in 2008 that the mall planned to undergo an extensive renovation, projected to cost $53 million. As part of a deal with the city, Broomfield would commit almost $26 million to reimburse Macerich if the project moved ahead. However, the recession delayed this project, and as of 2009, it was put on hold indefinitely.
Many tenant changes are expected in 2011; the mall opened in the year 2000 and 10-year leases are set to expire. Major brands such as McDonald's and Cinnabon, as well as other retailer and restaurants, have decided not to renew their agreements. Mall spokesmen have stated that tenant changes are a natural process for shopping centers. However, others believe the mall is on a downtrend; adding to their view is the fact that no replacements have been found for some of the stores planning to close.
