CityCenter Redevelopment

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About the Project

At the City Council Regular Meeting on Monday, October 6, city council passed CB 52 on second reading. CB 52 authorizes the execution of a phased ground lease termination on the former Weingarten property in Englewood CityCenter and the phased transfer of title to New Englewood, LLC. This agreement transfers portions of CityCenter east of Inca St. to the developer. In return, the city will acquire the former 24 Hour Fitness building, the retail space in the west ArtWalk apartment building adjacent to the CityCenter Circle, and an option to purchase the parcel that includes Tokyo Joe's.

The Civic Center building (city offices and Englewood Public Library) is NOT INCLUDED in this redevelopment project.

Why is this happening?

The ground lease, originally established by the Englewood Environmental Foundation (EEF) on August 4, 2000, covered central retail and mixed-use portions of CityCenter. Following a 2018 foreclosure by LNR Partners (represented the bondholders), New Englewood, LLC acquired the ground lease interest on December 20, 2024 from LNR Partners. Subsequent negotiations in 2025 resulted in the Partial Termination of Ground Lease and Conveyance of Property Agreement (Termination Agreement), designed to secure redevelopment commitment, financial assurance for breaking ground, and protection of city interests.

New Englewood, LLC is a joint venture of Ogilvie Partners and DPC Development Companies, both Denver-based firms. They bring significant redevelopment experience, including the successful transformation of the former Sports Authority HQ property adjacent to CityCenter into approximately 300 new residential units.

How the Project Will Work?

The new agreement has a phased approach to make sure the redevelopment stays on track.

Phase 1

The city is trading ownership of two properties (Block D and Parcel C.2) to New Englewood, LLC.

  • In return, the city immediately gets full ownership of two other properties
  • The former 24-Hour Fitness building.The retail shops in the plaza

Additionally, the city has the option to buy the Tokyo Joe’s building for $3.5 million within the next two years.

Phase 2

This phase has several conditions New Englewood, LLC, must follow:

  • Construction Trigger: New Englewood, LLC can only get out of its leases for the Tokyo Joe’s building and another parcel after it physically starts construction on its new project.
  • Planning Money: New Englewood, LLC must spend at least $300,000 within two years just to plan the redevelopment of the Civic Center area.
  • No Quick Resale: To prevent them from flipping the land, New Englewood, LLC is blocked from selling a key parcel for two years, unless the buyer has a building plan the city has already approved.
  • Next Step: The city and New Englewood, LLC will need to negotiate a formal pre-development agreement.

Phase 3

If New Englewood, LLC successfully fulfills its obligations, they can move on to creating a "Master Plan" for the entire redevelopment, including the Civic Center.

To protect itself, the City of Englewood is putting permanent rules on the land:

  • These rules (covenants) will control what can be built on the property forever. For example, new liquor stores will be banned, unless the City Manager approves a specific project.
  • The developer has also promised to keep the public informed and involved.

Map of CityCenter


About the Project

At the City Council Regular Meeting on Monday, October 6, city council passed CB 52 on second reading. CB 52 authorizes the execution of a phased ground lease termination on the former Weingarten property in Englewood CityCenter and the phased transfer of title to New Englewood, LLC. This agreement transfers portions of CityCenter east of Inca St. to the developer. In return, the city will acquire the former 24 Hour Fitness building, the retail space in the west ArtWalk apartment building adjacent to the CityCenter Circle, and an option to purchase the parcel that includes Tokyo Joe's.

The Civic Center building (city offices and Englewood Public Library) is NOT INCLUDED in this redevelopment project.

Why is this happening?

The ground lease, originally established by the Englewood Environmental Foundation (EEF) on August 4, 2000, covered central retail and mixed-use portions of CityCenter. Following a 2018 foreclosure by LNR Partners (represented the bondholders), New Englewood, LLC acquired the ground lease interest on December 20, 2024 from LNR Partners. Subsequent negotiations in 2025 resulted in the Partial Termination of Ground Lease and Conveyance of Property Agreement (Termination Agreement), designed to secure redevelopment commitment, financial assurance for breaking ground, and protection of city interests.

New Englewood, LLC is a joint venture of Ogilvie Partners and DPC Development Companies, both Denver-based firms. They bring significant redevelopment experience, including the successful transformation of the former Sports Authority HQ property adjacent to CityCenter into approximately 300 new residential units.

How the Project Will Work?

The new agreement has a phased approach to make sure the redevelopment stays on track.

Phase 1

The city is trading ownership of two properties (Block D and Parcel C.2) to New Englewood, LLC.

  • In return, the city immediately gets full ownership of two other properties
  • The former 24-Hour Fitness building.The retail shops in the plaza

Additionally, the city has the option to buy the Tokyo Joe’s building for $3.5 million within the next two years.

Phase 2

This phase has several conditions New Englewood, LLC, must follow:

  • Construction Trigger: New Englewood, LLC can only get out of its leases for the Tokyo Joe’s building and another parcel after it physically starts construction on its new project.
  • Planning Money: New Englewood, LLC must spend at least $300,000 within two years just to plan the redevelopment of the Civic Center area.
  • No Quick Resale: To prevent them from flipping the land, New Englewood, LLC is blocked from selling a key parcel for two years, unless the buyer has a building plan the city has already approved.
  • Next Step: The city and New Englewood, LLC will need to negotiate a formal pre-development agreement.

Phase 3

If New Englewood, LLC successfully fulfills its obligations, they can move on to creating a "Master Plan" for the entire redevelopment, including the Civic Center.

To protect itself, the City of Englewood is putting permanent rules on the land:

  • These rules (covenants) will control what can be built on the property forever. For example, new liquor stores will be banned, unless the City Manager approves a specific project.
  • The developer has also promised to keep the public informed and involved.

Map of CityCenter


  • Past, Present. Future

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    Englewood CityCenter is a 55-acre, mixed use district within the City of Englewood, Colorado. It is located between Santa Fe Drive (US 85) on the west, Elati Street on the east, Hampden Avenue (US 285) on the south, and Floyd Avenue on the north.

    It is west of the evolving South Broadway area and proximate to the growing Wellness District further to the east, home to Swedish Medical Center and Craig Hospital. The three areas comprise Englewood's downtown.

    Englewood CityCenter currently includes two apartment buildings, retailers, small offices and the Englewood Civic Center building, which includes the city's administrative offices, courts and library. Englewood's direct connection to the extensive regional transit system provided by the Regional Transportation District (RTD) is located on the western edge of the district at the Englewood Station multi-modal hub where light rail, bus lines, and the Englewood Trolley converge. The trolley is a scheduled transportation service that traverses the downtown area.

    Englewood CityCenter was developed 22 years ago to replace the Cinderella City regional mall and it was the first transit-oriented development (TOD) project in the Front Range region. Following awards and national notoriety in the real estate industry, CityCenter eventually struggled to function as the vibrant commercial center of the community due to additional regional TOD developments and the evolution of retail trends away from so-called "big-box" retail centers. In August of 2018, the property was foreclosed on (depicted in red on the site plan below). LNR Partners (LNR), a company known as a special servicer, now represents the foreclosing bondholders.

    Following the foreclosure, the City of Englewood issued a Request for Proposals in 2019 for a Master Developer to form a public/private partnership with the city to redevelop key portions of Englewood CityCenter still directly owned or controlled by the city, depicted in blue below on the site plan.


Page last updated: 11 Feb 2026, 09:01 AM