The City of Westminster, the Westminster Economic Development Authority (WEDA) and San Diego-based OliverMcMillan today jointly announced they are entering into an exclusive agreement for the redevelopment of the 105-acre site of the former Westminster Mall, located at U.S. 36 and Sheridan Boulevard.
As the predominant land owner and master planner, WEDA has established the framework for the site's master plan, which contemplates multiple phases of development. The plan calls for a high-density, urban development with residential, commercial, retail and other uses.
The project will also have a public realm that includes large parks, a major landscaped boulevard traversing the property from north to south and a walkable/bikeable design that is pedestrian friendly. City Council approval of the official development plan is expected this fall.
"We are thrilled to announce the alliance with OliverMcMillan. This firm is exactly what we need and want for this project. They have extensive experience in mixed-use development, plus a great track history of sensitivity to each community's uniqueness. With patience and our strategic actions, we have set the stage for ourselves to partner with someone just like this and it is now paying off," said Westminster Mayor Herb Atchison.
"This is a great site and we see an excellent opportunity to create a place that will endure into the future," said Morgan Dene Oliver, CEO of OliverMcMillan. "The City of Westminster has shown visionary leadership in the ideas that are under consideration for the adaptive reuse of this site."
The City of Westminster has held fast to a vision for the former mall site as a city center that would be an amenity for Westminster residents and others in the region. The collaboration with OliverMcMillan is being described as a relationship which holds great promise for helping the city’s vision become a reality.
"This is a firm that understands our vision, speaks our language and has the ability to help achieve our goals. OliverMcMillan is recognized as one of the world's largest and most forward-thinking mixed-use development companies," said City Manager Brent McFall.
Founded in 1978, OliverMcMillan is an award-winning firm that creates high-quality, artistic, market-appropriate developments and is recognized by industry leaders for its ability to move forward in a nimble and visionary manner. The firm has designed and developed more than 8 million square feet with a total value exceeding $3 billion. OliverMcMillan currently has approximately $2 billion in real estate projects under development in cities across the United States, including Houston, Dallas, San Diego, Honolulu, Atlanta and Phoenix. Approaching each project with respect for the surrounding architecture and local culture, the firm works to create vibrant, enduring destinations. For additional information about OliverMcMillan, please visit www.olivermcmillan.com.
About the City of Westminster, CO, and the project
Westminster, Colorado, population 108,000, is a suburb of Denver located in the northwest quadrant of the metro area. A full-service, award-winning city, Westminster celebrated its centennial in 2011. Known for its exacting development standards, it is home to beautiful suburban residential neighborhoods and quality commercial and retail developments. With one of the largest urban open spaces in the nation, the active Colorado lifestyle is within easy reach.
The Westminster Center Urban Reinvestment Project is a high-profile redevelopment project strategically located on U.S. 36 halfway between Denver and Boulder. With excellent access via bus and future rail transit, the 105-acre property, site of the former Westminster Mall, was gradually acquired by WEDA over the past five years and is development ready.