Former Popular Colorado Outlet Mall Officially Bought Out, New Sign Goes Up
The old sign is gone, the new name is official, and both the north and south sides of the old Outlets of Loveland are now owned by one new owner. With a total price tag of over $25 million, it's "out with the old, in with the new."
It was announced in late 2022, that the Outlets at Loveland would become Loveland Yards, after an investment group out of Windsor had officially purchased the north side of the outdated mall for $15 million. While things are changing, it does seem like the Yards won't look terribly different.
According to MileHighCRE.com The investment group that began the transformation of the Outlets at Loveland by purchasing the north side (parcel,) have now also purchased the south parcel for $12.3 million, having now put $27.3 million into the Loveland Yards project.
Loveland Yards will be made up of an assortment of retail, office, light industrial, and entertainment spaces. They won't be tearing any existing buildings down; they'll just be fixing roofs, upgrading the facades, and putting a fresh coat of paint/lines in the parking lots.
Having grown up in Loveland, seeing the rise and eventual fall of the Outlets, I was hoping for a "whole new look," but at least there will be activity out there, and that's good. In early June of 2023, I went out to Loveland Yards to see how things were progressing.
It was definitely weird to see the new branding:
I saw a fair amount of construction going on, upgrading those facades.
A couple of the announced businesses had begun putting up storefronts
WHAT IS THE LATEST LIST OF TENANTS COMING TO LOVELAND YARDS?
- Avery's Tea House
- Citipointe Church (already exists on the south side)
- Ewing Leavitt Insurance
- Gold's Gym
- School of Rock
- Slate Studio
- Trek Bicycles
Tenants have the option of leasing or purchasing their spaces, which is a different model than what the Outlets at Loveland had. I'm sure that I'm one of many that are hoping that Loveland Yards really takes off and makes the area a destination like the Outlets were in their heyday.