On April 3, the Northglenn Urban Renewal Authority (NURA) approved agreements with Evergreen-104th & Huron, LLC, and Impala Capital, LLC, to redevelop the 10.45-acre, 104,322-square-foot Huron Center.
"This project is a great example of what urban renewal authorities can do to revitalize challenging retail areas by bringing stakeholders to the table," said Rosie Garner, chair of NURA. "Thanks to a very dedicated developer and patience from our residents, the Huron Center will be transformed."
New businesses that will move into the shopping area, located at 104th Avenue and Huron Street, include:
• A 35,669-square-foot automotive retail facility
• A 21,773-square-foot neighborhood grocer
• A newly-constructed, 2,400-square-foot Arby’s restaurant
The total project with acquisition costs is estimated at $9.4 million, which includes $7.36 million for construction.
Project construction will start this summer. The grocer and retail automotive facility are scheduled to open by the end of 2017 and early 2018. The newly-constructed Arby’s restaurant is set to open in the fall of 2018.
“This is a great day for the city,” said Mayor Joyce Downing. “This project will jump start the Huron Center. These new businesses are investing in the city while bringing in products and services of value to our residents.”
Under the agreements, Evergreen will purchase the former Albertson’s/Rite-Aid building and property at 1000 W. 104th Ave. from NURA. The grocer and retail automotive facility will be located there. They will also own the new Arby’s restaurant that will be constructed next to Bank of the West.
“Evergreen is thrilled to partner with the City of Northglenn and the Northglenn Urban Renewal Authority on this tremendous project, and we look forward to redeveloping this challenged property into a vibrant, attractive shopping center that will make Northglenn proud,” said Evergreen Managing Partner Tyler Carlson.
Impala will continue to own the rest of the center, which includes the east and west wings, and the two existing restaurant buildings near 104th Avenue.
“This has been a complex project from the beginning, but it will be worth everyone’s efforts when we see how this project will transform this property and revitalize the area,” said Debbie Tuttle, who is the executive director for NURA and economic development manager for the city.