LOVELAND — As more national retailers retrench, file for bankruptcy, or close in the face of soaring internet competition, Northern Colorado developers plan to build more than a million square feet of new retail space on both sides of Interstate 25 in Loveland.
The proposals represent a big footprint in an area already saturated with big-box retailers, chain restaurants and niche shops. But McWhinney, Inc., and Water Valley’s Martin Lind are doubling down that Northern Colorado’s sustained growth will fuel their development march toward I-25.
“With all due respect to Fort Collins, Greeley, Loveland and Windsor, none of those cities independently can support what we’re talking about,” said Lind, who has proposed more than 2 million square feet of new development on both sides of I-25 near Crossroads Boulevard.
But with each city growing toward the interstate, Lind said, “we have a location that can support pretty exciting things.”
Lind’s “The Brands” project includes more than 1 million square feet of new retail space, two hotels, office space, 580 apartments and an IMAX theater.
Meanwhile, Loveland-based McWhinney — which dominated development at I-25 and U.S. Highway 34 for decades — has its own plans for vacant land on both sides of the interstate, including at least two hotels and new retail and residential space near the Promenade Shops at Centerra.