Centennial formally approves plan to let Streets at Southglenn increase housing, decrease retail

Centennial made it official this week.

In an 8-1 vote, the city council on Monday approved a plan that will allow The Streets at SouthGlenn to boost the maximum number of allowable housing units on site from 350 to 1,125, while lowering the minimum amount of retail space at the 77-acre outdoor shopping district from just over 900,000 square feet to 621,000 square feet.

The vote came nearly a week after the council spent hours discussing the future of one of its most prominent shopping centers amid a national shift in consumer buying patterns, which have been upended by e-commerce and the pandemic. City leaders delayed a final vote until Monday.

The vote means that Denver-based Alberta Development Partners, the shopping center’s owner, along with Northwood Investors will be able to build multi-family housing at the spot where an empty Sears building sits. The Streets at Southglenn could also incorporate homes in the space now occupied by a Macy’s, which is slated to close in March.

The Streets at Southglenn replaced the former Southglenn Mall a dozen years ago.

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