X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Locally based Miller Weingarten Realty began construction on the Lowry Town Center, a milestone in the redevelopment of the former Air Force Base. The center is being built on 11 acres east of Quebec Street between First and Fourth avenues.

The project includes 118,000 sf of retail space, a new “main street” and 14,000 sf of second-story office space. The development also includes a public plaza for community gatherings.

It will be anchored by a 56,400-sf Albertson’s grocery store. The grocer will be located in the heart of project, rather than along busy Quebec Street to improve aesthetics and better serve the neighborhood being built around the center.

Rents in the project are in the $22 per sf to $25 per sf range, compared with $15 per sf to $20 per sf in a typical neighborhood shopping center.

The New Urbanism-style project is being designed by David Owen Tryba Architects. In addition to Albertson’s, other tenants include: Citywide Banks, Esquire Fabricare, I Made It Myself, Lowry Liquors, L. Page Pond Optical, Pasquini’s Pizzeria, Peaberry Coffee, Qdoba Mexican Grill, Salon Tobie, Soda Rock Café, Timbuk Toys, and Urban Harvest Restaurant.

”The Town Center is an important amenity to our community,” says Tom Markham, executive director of the Lowery Redevelopment Authority, which chose Miller Weingarten Realty as the developer.

”It will be a community gathering place that provides day-to-day service for the people living and working at Lowry, as well as our neighbors. The main street design is pedestrian-friendly and in close proximity to offices, residences and transportation.”

Developer Skip Miller says he is in negotiations with other high-profile retailers.

”We are very optimistic that the center will continue to attract an eclectic mix that offers something for everyone at Lowry,” Miller says.

Mayor Wellington Webb is a long-time supporter of the Lowry redevelopment.

“The redevelopment of Lowry is one of our city’s shining examples of urban planning, fashioned with the values that have made Denver great,” Webb says.

“The Town Center will further distinguish this community as one of the metro area’s finest new neighborhoods.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.