Longmont’s Twin Peaks Mall to Get Redone! [POLL]
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It seems like just yesterday, but it was 27 years ago that Twin Peaks Mall opened. I remember being a pumped-up 18 year-old ready to go 'malling' in Longmont! Today, you'd be hard-pressed to find someone that would disagree to saying that the mall (like MOST indoor malls these days) has seen better days. It seems clear when you talk about how much money was lost in the most recent transfer of ownership: Panattoni Company purchased Twin Peaks Mall in 2007 for $33.6 million; in February of this year newly formed NewMark Merrill Mountains States bought the mall for only $8.5 million.
The new owners unveiled initial plans for renovation- from NCBR:
Outdoor restaurants with rooftop patios, an outdoor fountain, a “village” gathering space for community events and a children’s play area are envisioned for the new shopping area, according to Allen Ginsborg, managing director and principal of NewMark Merrill Mountain States.
I can't even remember the last time I was at Twin Peaks Mall. These are the kind of ideas that the location has needed for a long time!
Not only will the new shopping center have a new visual identity, but it also may get a new name, Ginsborg said. It’s expected to have links to an existing nearby bike path, an underpass under South Hover Street to the west and an electric-vehicle charging station, he said.
A new name. That seems like a great step- a whole new beginning for the beleaguered mall! They plan on spending $25-50 million dollars on the renovation, that they hope to begin as soon as possible- though they did not put a target date on it.