Shopping center

Aspen Grove Shopping Center begins planning process for redevelopment site following confirmation from Littleton City Council

Littleton, CO

–Direct News–

As Littleton City Council voted September 27 to confirm July’s unanimous approval by the planning commission, Aspen Grove Shopping Center owner Gerrity is moving forward with official site planning to redevelop part of its aging property into a mixed-use, transit-oriented retail business. center.

Located on the southeast corner of the property adjacent to the Regional Transportation District’s (RTD) Mineral Avenue Transit and Light Rail Station, the highly anticipated Aspen Grove redevelopment is the first project of this type as part of Littleton’s new Unified Land Use Code (ULUC), which was approved by City Council in October 2021.

The first phase of Aspen Grove’s evolution will include a pedestrian-friendly, mixed-use community with up to 480 multi-family apartments, above-grade retail stores and restaurants, structured and on-street parking, space common open, private streets and cycling facilities.

“This project will rejuvenate Aspen Grove as a first-class community shopping center while giving it the long-term viability of Littleton to compete for top retailers and the sales taxes that come with it,” said Colby Young, Vice President from Gerrity for asset management and development.

In order to fulfill the company’s commitment to help Littleton address its housing affordability challenges, Gerrity’s Aspen Grove redevelopment team held conversations with South Metro Housing Options (SMHO), the official city housing authority. SMHO is governed by a seven-member Board of Commissioners appointed by Littleton City Council.

“We take a thoughtful and deliberate approach to integrating quality apartments for the different income levels of people who work at or near Aspen Grove Mall, as well as seniors, young parents and others affected by the shortage. housing in Littleton,” Young said. “We’re making it a central part of our site planning right now and we’re not waiting for the city to pass an inclusive housing ordinance.”

Littleton’s housing shortage was articulated in a 2017 study and made a specific priority in the city’s 20 years Full plan Envision LittletonAdopted in late 2019 after an intensive four-year process of research, development, and community input.

Imagine Littleton projects that the town will need more than 6,500 new homes to accommodate the town’s projected growth of 15,000 new residents, with “a quantity and diversity of housing options that make living in Littleton accessible to a wide range of age groups and income levels”.

Gerrity has been active in the area since the 1990s and acquired the Aspen Grove Mall in 2016. The company will launch a new website in the coming weeks to keep residents, consumers and tenants informed as a detailed development plan of the site and a project schedule are available. completed.

ABOUT ASPEN GROVE & GERRITY

Aspen Grove in Littleton is Colorado’s premier outdoor retail village. It is home to over 50 fine stores and restaurants including Alamo Drafthouse Cinema, Pottery Barn, Apple, Sees Candies, J.Jill, Teds Montana Grill and many more. Located just north of Santa Fe and Mineral Avenues, Aspen Grove offers convenient front-store parking, mountain views, and an atmosphere just as welcoming as its stores.

Gerrity owns and operates commercial properties in the western United States. Fully integrated and privately owned, the company invests in neighborhood and community commercial properties to enhance them, including creating an exciting mix of retailers and restaurants, or adding vibrant mixed-use residences or offices. The firm invests in major metropolitan areas of Colorado, California, Oregon, Washington, Nevada and Arizona and creates value through its team of skilled and experienced professionals. For more information, visit aspengrovecenter.com.

Contact details

SilversJacobson

Steven Silver

+1 720-402-8820

[email protected]

Company Website

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