Prism and McWhinney to Develop Innovative Commercial Spaces
Prism and McWhinney to Develop Innovative Commercial Spaces
Prism Places has embarked on an exciting collaboration with developer McWhinney to create new mixed-use commercial centers in master-planned communities of Northern Colorado. This partnership aims to deliver state-of-the-art spaces that blend residential comfort with vibrant retail and office environments.
Center Street Project Overview
The first initiative is the Center Street project, designed to be the business heart of Baseline, a vast 1,100-acre community. This center is set to feature a total of 312,000 square feet with diverse offerings such as 80,000 square feet dedicated to office spaces, 116,000 square feet for retail, and 78,500 square feet for dining. Center Street is also set to accommodate over 400 residential units. The layout focuses on sustainability and embraces the natural beauty of Colorado, guided by innovative designs from the renowned firm Michael Hsu Office of Architecture.
Avenue South: A New Commercial Hub
In addition to Center Street, the Avenue South project is slated to serve Centerra, a sprawling 3,000-acre community. Spanning 326,000 square feet, Avenue South will highlight a mix of enticing retail spaces, including 72,000 square feet for restaurants and a substantial 127,000 square feet dedicated to Class A office spaces. With plans for over 1,750 new residential units, Avenue South aims to foster a lively Main Street atmosphere, incorporating both well-known brands and local favorites.
Community-Centric Development
Both developments intend to feature a carefully curated selection of retail brands, dining options, and essential services while embracing wellness and fitness concepts. Avenue South is anticipated to commence construction by late 2025, while Center Street's groundbreaking is scheduled for 2026. Stenn Parton, the visionary behind Prism Places, emphasizes the commitment to creating environments where communities can thrive, noting that these developments will bring exciting new experiences for residents and visitors alike.
Collaboration and Growth
Chad McWhinney, CEO of McWhinney, stated that these projects exemplify how dedicated partnerships can foster significant growth and build spaces that people cherish. McWhinney's history of successful developments over the past decades has established it as a leading name in the region, focusing on sustainability and community enhancement.
A Legacy of Development
Historically, McWhinney has developed over 6,000 acres within master-planned communities. The firm’s reputation for blending profound community values with real estate innovation is underscored by multiple awards, including honors for excellence and sustainability. McWhinney’s Centerra community stands out as Colorado's first Wildlife Federation Certified Wildlife Habitat, underscoring its commitment to environmental stewardship and community engagement.
About Prism Places
Prism Places is reimagining commercial real estate by focusing on assets that provide lasting value. With a keen understanding of market demands and a dedication to creating purposeful spaces, Prism's strategy involves transforming properties into vibrant, thriving places. Their expertise has led to successful partnerships in multiple notable mixed-use developments across the country, ensuring they meet the evolving needs of today’s consumers.
Frequently Asked Questions
What are the main goals of the partnership between Prism and McWhinney?
They aim to develop mixed-use commercial centers that enhance local communities by offering vibrant shopping, dining, and office spaces.
Where are the Center Street and Avenue South projects located?
Center Street will be located in Baseline, while Avenue South is planned for Centerra, both in Northern Colorado.
What unique features will these commercial centers offer?
These centers will feature a mix of retail, office space, and amenities such as restaurants and fitness options, focusing on community engagement and sustainability.
What is the timeline for the groundbreaking of these projects?
Avenue South is expected to break ground in November 2025, whereas Center Street is set for a September 2026 groundbreaking.
How does Prism Places ensure the developments align with community values?
Prism Places collaborates closely with communities to understand their needs, aiming to create unique environments that reflect local culture and lifestyle.
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