Longmont’s long wait for a new mall likely just got a little longer
“Because of eminent domain proceedings filed by the city against Dillard’s, the redevelopment of Twin Peaks Mall likely will take a little longer than originally thought.
Allen Ginsborg, managing director and principal with mall owner NewMark Merrill Mountain States, told an audience of more than 100 people Wednesday night that instead of breaking ground on what will be Village at the Peaks — the name of the redeveloped property — this fall, it likely will be winter, and more specifically probably early 2014, before that can occur.
Dillard’s owns its own building and land and its current lease agreement allows it to block any and all redevelopment on any of the 75-acre mall property. It has turned down requests to be part of the redevelopment or to sell to NewMark Merrill, so the Longmont City Council, acting as the Longmont Urban Renewal Authority, filed condemnation proceedings against the retailer to keep the development project moving forward.”
Kindelspire, Tony. TImes Call 10 July 2013.