PRESS ROOM

Southglenn Shopping Center is Reinvented

Englewood, CO – August 26, 2005 – An old familiar place is soon to breed new life and energy into the City of Centennial. Alberta Development Partners, LLC, in partnership with Walton St. Capital, is undertaking the long-awaited redevelopment of Southglenn Mall, which will feature strong urban design principals. Energized and filled with shaded walkways and private spaces for relaxing, The Streets at Southglenn will be casually eclectic and activated with festivals, concerts and other community events.

Demolition is scheduled to commence in the spring of 2006. Both Sears and Foley’s (Macy’s) will remain dominant anchors for this redevelopment, and both stores anticipate staying open throughout the construction period. The Streets at Southglenn will feature a gourmet natural foods market, a movie theater, bookstore, European bistros, sidewalk cafés, and unique women’s and men’s apparel, which are just a few examples of the types of places that will help create an up-market, community-based destination that offers shoppers and residents a place to go for both daily needs and special occasions.

“In addition to offering a wide variety of today’s most desired retail shops and restaurants, everything at The Streets at Southglenn will be designed to provide residents with urban convenience in an accessible, suburban setting,” said Don Provost, principal of Alberta Development Partners. “We believe the community will embrace the project; our main goal is maintaining a sense of community while providing a new, improved and diverse shopping experience for residents.”

Alberta has brought together two of the leaders in their field, Callison Architects and Shook Kelly. This very talented team has to set out to create a regional destination with local color, regional draw and universal appeal with 950,000 square feet of retail and 350 loft residences. The Streets at Southglenn will be vibrant and diverse, morning to midnight.

“Southglenn Mall is very important to the overall life and economy of Centennial. One of the promises we made when we formed the city was to work with the Southglenn owners and developers, to work in partnership to make it a vibrant gathering place once again,” said Centennial Mayor Randy Pye. “This is an exciting project. I think The Streets at Southglenn will become a destination shopping experience and be a major economic catalyst for the area.”

About Alberta Development Partners, LLC
Alberta Development Partners, LLC is engaged in the acquisition, development and investment of retail real estate throughout the Front Range of Colorado, focusing on regional retail shopping centers and mixed-use commercial projects. The company has completed in excess of 220 projects with more than 4 million square feet of retail space with a completed value of $1.5 billion. Alberta’s experience encompasses projects for office, retail and residential communities.