The City of Westminster Economic Development Authority on January 27 acquired the vacant Macy's store at the Westminster Mall property, the latest step in the city's long-term strategy to revitalize the area.
Cost of the 157,000-square-foot Macy's building, which sits on 8.43 acres, was $700,000. WEDA has also acquired the former Trail Dust Steak House on the mall site for $727,103. The Trail Dust building is slated for demolition in early March. There are no immediate plans for the Macy's building.
"With these steps, and the others we have taken, the message to the community is clear: We have a vision for this property and we're moving ahead to make it a reality," said Nancy McNally, Westminster mayor.
The goal of the Westminster Center urban reinvestment project is to develop a high-density urban center of regional scope on the 105-acre parcel currently occupied by the Westminster Mall.
Both properties were acquired after the city was approached by interested sellers, according to Brent McFall, Westminster city manager.
"This was an opportunity for the city to take a positive step in moving forward with our vision for this important project," he said.
The city is currently negotiating with a developer, Steiner + Associates, to partner on the ambitious project, which will include entertainment, office, residential and cultural elements, along with a strong retail component.
Property acquisition details
Current map of property ownership
The Macy's property sits on the west side of the mall location. It has been vacant since January 2009. Macy's ownership approached the city in 2009 for a potential sale of the property. The negotiated price was $700,000, plus a share of closing costs (about $7,000). The sale closed on Jan. 27, 2010. The building is 157,000 square feet and includes 8.43 acres of land. There are no immediate plans for the vacant Macy’s building.
The Trail Dust Steak House property, which has been vacant since 2007, sits on the northeast side of the mall location. The building owners, L.A.I.P.C.A. Farmers, LLC, approached the city about acquiring their property in early 2009. The owners agreed to sell the property for $6.50 per square foot, which is favorably priced for a 2.57-acre pad site with highway visibility.
The Trail Dust building is scheduled to be torn down around March 1. Alpine Demolition was selected to do the demolition with a low bid of $38,313. Alpine Demolition plans to divert as much as 80 percent of the demolished materials from the waste stream. Alpine Demolition will crush the majority of the concrete at the site for reuse. They will salvage any recyclable metals such as copper, steel, aluminum and brass, and much of the wooden structure will be ground into mulch.
The Trail Dust building has been used in the past several weeks for training exercises by the Westminster Police and Fire departments, which resulted in smoke occasionally being reported rising from the building.