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Promenade at Downey


Posted on: November 26, 2016

Peter M. Cudlip was a Founding Principal of Alberta Development Partners, LLC and has rejoined the firm as a Principal after six years of running his own development firm, Pointe Properties, LLC. He brings more than 35 years of real estate experience, including development of office, retail, industrial, land development and property management. His current responsibilities include the overall development and oversight of The Promenade at Castle Rock project, a 1,000,000 square foot regional retail shopping center, as well as other Alberta projects.

Prior to joining Alberta Development Partners, LLC, he was the Vice President of Development for fourteen years at Chandelle Properties, Inc., a local Denver commercial real estate development company. At Chandelle he was the principal in charge of all development projects and property management. During his fourteen years at Chandelle, he was involved in over 1,400,000 square feet of retail projects. He developed for tenants such as King Soopers, Safeway, Albertson’s, Cub Foods, KMART, Toys “R” Us, REI, Computer City, and Best Buy with a market value of over $100 million. Also during this period of time, he was involved in several multi-tenant and single tenant office buildings, totaling over 850,000 square feet of space with a market value of over $75 million. Tenants included Lockheed Martin, U.S. West, IBM, Janus Funds, and Allstate Insurance. In addition, Mr. Cudlip was directly responsible for the development of 500,000 square feet of industrial property with a value in excess of $25 million. Additionally, it was his responsibility to oversee all property management and marketing for the above referenced projects.