Vail Resorts’ chain of bike shops is vacating its flagship Aurora location, which the company’s website says is the largest such shop in the Rocky Mountain region.
Bicycle Village has occupied 25,000 square feet at the Havana Exchange shopping center at 2802 S. Havana St. for 19 years, according to Brian Pesch, chief operating officer of Aurora-based Western Centers, which manages the shopping center.
Pesch said the store’s lease was up for renewal, and Vail chose not to renew. He said he didn’t know why.
“They’ve been great tenants, and we’re sorry to see them go,” Pesch said. “It’s part of the commercial real estate business, I suppose. But the bicycle business has been phenomenal throughout the whole COVID period. So, it’s leaving us a bit mystified.”
Pesch said the store’s lease ends in March. It accounts for 28 percent of the shopping center, he said.
Joseph Donadio, Vail’s senior manager for store development and real estate, told BusinessDen he could not comment, but that company would release more information soon.
Vail operates three other Bicycle Village stores in Littleton, Westminster and Colorado Springs. The company closed a Boulder location last year.
Pesch said Bicycle Village hosted an annual spring sale that attracted thousands of customers to the shopping center.
Western Centers is beginning to market the space, he said.
Vail Resorts became the sole owner of Bicycle Village in 2010 as part of a larger $31 million deal with Ken Gart and Tom Gart, the family behind Gart Sports, according to a press release at the time.