The Shops at Northfield is at 8340 Northfield Blvd. in northern Denver. (Courtesy Shops at Northfield)
The owner of Central Park’s The Shops at Northfield wants people to live where they shop.
Los Angeles-based Stockdale Capital Partners submitted plans to the city Monday proposing at least 1,000 apartments on the east side of the open-air mall, which the company bought in 2022.
If built, it would be the first residences within the 90-acre retail complex. Stockdale is just the latest area mall owner looking to add a residential component.
The proposed development would take place on a 16-acre site on the northeast side of the mall. The bulk of the site is a parking lot, although the apartments would also replace one standalone retail building occupied by Off Broadway Shoe Warehouse.
Three apartment buildings with ground-floor retail would be built along the perimeter of the site, with a large green space in the center, per the plans. The land is bounded by Northfield Boulevard to the north, Verbena Street to the west, 47th Avenue to the south and Willow Street to the east.
Specifics are still being ironed out, but the developer said in its proposal that the buildings would likely be five to 12 stories in height and collectively have between 1,000 and 1,500 units.
The company told BusinessDen it’s still determining the development timeline and how much it would cost to build.
Stockdale, which also owns the Source Hotel in RiNo, purchased the majority of The Shops at Northfield for $71 million in 2022. Major retailers there include Target, Macy’s, J.C. Penney, Bass Pro Shops and a movie theater. A small portion of the real estate is owned by individual retails or other owners.
But the bulk of the site is Stockdale’s. The first order of business: closing roads and improving pedestrian access. Last year, the firm indicated it plans to close Main Street between 47th and 48th streets in an effort to allow shoppers and residents the ability to roam freely along the strip, which is flanked by well-known retailers H&M, Sephora and Bath & Body Works.
A similar effort will be made to prioritize walkability in the future residential area.
“The development will thoughtfully connect to the existing pedestrian network at The Shops at Northfield and provide a variety of pedestrian-oriented design features,” Dan Michaels, managing director at Stockdale, said in a statement to BusinessDen.
The development will be another case study in repurposing tired mall surface lots into new mixed-use developments. In Lone Tree, the owner of the Park Meadows mall — real estate investor Brookfield — has proposed a seven-story, 454-unit apartment building on the east side of the mall. In Littleton, owner Gerrity plans to add housing to the Aspen Grove mall.
Redevelopment on a much grander scale is set to take place in Cherry Creek, where developer East West Partners intends to build seven structures ranging from eight to 13 stories on the west side of the Cherry Creek Shopping Center. The Cherry Creek West project is set to include offices in addition to residences and retail space.
The Shops at Northfield is at 8340 Northfield Blvd. in northern Denver. (Courtesy Shops at Northfield)
The owner of Central Park’s The Shops at Northfield wants people to live where they shop.
Los Angeles-based Stockdale Capital Partners submitted plans to the city Monday proposing at least 1,000 apartments on the east side of the open-air mall, which the company bought in 2022.
If built, it would be the first residences within the 90-acre retail complex. Stockdale is just the latest area mall owner looking to add a residential component.
The proposed development would take place on a 16-acre site on the northeast side of the mall. The bulk of the site is a parking lot, although the apartments would also replace one standalone retail building occupied by Off Broadway Shoe Warehouse.
Three apartment buildings with ground-floor retail would be built along the perimeter of the site, with a large green space in the center, per the plans. The land is bounded by Northfield Boulevard to the north, Verbena Street to the west, 47th Avenue to the south and Willow Street to the east.
Specifics are still being ironed out, but the developer said in its proposal that the buildings would likely be five to 12 stories in height and collectively have between 1,000 and 1,500 units.
The company told BusinessDen it’s still determining the development timeline and how much it would cost to build.
Stockdale, which also owns the Source Hotel in RiNo, purchased the majority of The Shops at Northfield for $71 million in 2022. Major retailers there include Target, Macy’s, J.C. Penney, Bass Pro Shops and a movie theater. A small portion of the real estate is owned by individual retails or other owners.
But the bulk of the site is Stockdale’s. The first order of business: closing roads and improving pedestrian access. Last year, the firm indicated it plans to close Main Street between 47th and 48th streets in an effort to allow shoppers and residents the ability to roam freely along the strip, which is flanked by well-known retailers H&M, Sephora and Bath & Body Works.
A similar effort will be made to prioritize walkability in the future residential area.
“The development will thoughtfully connect to the existing pedestrian network at The Shops at Northfield and provide a variety of pedestrian-oriented design features,” Dan Michaels, managing director at Stockdale, said in a statement to BusinessDen.
The development will be another case study in repurposing tired mall surface lots into new mixed-use developments. In Lone Tree, the owner of the Park Meadows mall — real estate investor Brookfield — has proposed a seven-story, 454-unit apartment building on the east side of the mall. In Littleton, owner Gerrity plans to add housing to the Aspen Grove mall.
Redevelopment on a much grander scale is set to take place in Cherry Creek, where developer East West Partners intends to build seven structures ranging from eight to 13 stories on the west side of the Cherry Creek Shopping Center. The Cherry Creek West project is set to include offices in addition to residences and retail space.
