When Prost Brewing Company announced in late 2021 that Northglenn had been selected as the site for its new $23M flagship brewery and biergarten location, the community celebrated a major redevelopment opportunity that would soon create a unique experience that would benefit the community in many ways.
This new centerpiece of Northglenn Marketplace is anticipated to attract over 300,000 visitors per year, including patrons of the indoor/outdoor biergarten, special events, and the brewery itself. 
Speaking of the brewery – the new equipment will not only make Prost the fourth largest craft brewery in Colorado, but also a sustainable model of German bier crafting, using equipment imported directly from German manufacturer Kaspar Schulz.  The new equipment features carbon recapture and reuse, , and state of the art production equipment that will reduce water and energy requirements and avoid odor emissions.  It is a novel brewing process that incorporates technology that few breweries in the world have.
As plans often do, this major redevelopment project has experienced delays that were not anticipated.  While the original timeline was based on an opening date in mid-2023, that occasion has been delayed due to numerous factors, including rain, supply chain delays, and additional utility work.  Northglenn looks forward to watching the first of many visitors hoist their steins in December 2023!
When Prost Brewing Company announced in late 2021 that Northglenn had been selected as the site for its new $23M flagship brewery and biergarten location, the community celebrated a major redevelopment opportunity that would soon create a unique experience that would benefit the community in many ways. 
This new centerpiece of Northglenn Marketplace is anticipated to attract over 300,000 visitors per year, including patrons of the indoor/outdoor biergarten, special events, and the brewery itself.  
Speaking of the brewery – the new equipment will not only make Prost the fourth largest craft brewery in Colorado, but also a sustainable model of German bier crafting, using equipment imported directly from German manufacturer Kaspar Schulz.  The new equipment features carbon recapture and reuse, , and state of the art production equipment that will reduce water and energy requirements and avoid odor emissions.  It is a novel brewing process that incorporates technology that few breweries in the world have. 
As plans often do, this major redevelopment project has experienced delays that were not anticipated.  While the original timeline was based on an opening date in mid-2023, that occasion has been delayed due to numerous factors, including rain, supply chain delays, and additional utility work.  Northglenn looks forward to watching the first of many visitors hoist their steins in December 2023!

Brewery:
•    $7M in annual sales
•    23+ employees with $70K average salary
•    Total $1.5M annual payroll
•    Fourth largest craft brewery in Colorado
•    55,000 SF of production and storage space

Biergarten:
•    $5M to $6m in total sales
•    $1M annual payroll w/above average salaries
•    Multiple private event spaces
•    19,000 SF of indoor and outdoor space
Please click here to learn more about Prost Brewing Co. and their new Northglenn facility. 

• Refresh, rebrand, re-energize and reinvigorate the center
• Stabilize and retain existing tenants
• Attract new tenants to the center
• Create new modern structural designs, and improve the image and branding
• Develop an entertainment and designation location

Features
The shopping center is located on 55.29 acres, with 652,272 square-feet of retail, restaurant, and service tenants.  The anchor tenants include Lowe’s, Texas Roadhouse, IHOP, Dress for Ross, Office Depot, JoAnn’s Fabrics and 30+ various other tenants.  The property has two owners:  Hutensky Capital Partners (HCP) and Lowes. 

In 2017, Hutensky Capital Partners (HCP) purchased more than 400,000 square feet of the Northglenn Marketplace, located at Interstate 25 and 104^th Avenue.  In 2019, HCP purchased the building that houses K&G, Woodley’s Fine Furniture, and Tuesday Morning (which was owned by Arrowrock).

Location
The shopping center is located at 104^th Avenue and I-25, Northglenn, CO 80234.

Funding
The majority of the center was purchased by Hutensky Capital Partners for (HCP) $49 million in late 2017.  The NURA has committed $8 million toward the additional $28 million needed for exterior improvements for Phase 1 and the acquisition of the Arrowrock property.

Next
New 2022 Tenant Announcements
Three new tenants announced they will be opening at the Northglenn Marketplace. Five Below and dd’s Discounts will be occupying the former Office Depot space and Painted Tree Boutiques will take the former Sports Authority building. 

Five Below – 9,577 square feet
dd’s Discounts – 20,528 square feet
Painted Tree Boutiques – 32,365 square feet
Prost Brewing Co. – 121,000 square feet


The four tenants listed above will occupy approximately 121,000 square feet, and the center will be more than 90% leased. There is a lot of work occurring in the background, so stay tuned for more exciting news at the Marketplace.

• 2022- Announced Prost Brewing Co. is moving its headquarters to Northglenn Marketplace and opening a German-style biergarten and Brewery. Click here to view the press release.  
• 2022 - Announced Five Below, dd’s Discounts and Painted Tree Boutiques opening in 2022
• 2021 - HCP released Harkins Theatre from lease because of the uncertainty of the movie theatre market due to the pandemic.
• 2019 - Bed Bath & Beyond relocates to former Borders Building
• 2019 - HCP purchases Arrowrock property
• 2019 - Harkins Theatres announces plan to open a new 12-screen luxury theatre
• 2017 - Public/Private Partnership for Northglenn Marketplace
• 2017 - HCP purchases most of Northglenn Marketplace Sold
• 2012 - Center purchased by LNR
• 2011 - Foreclose of the majority of the center
• 2000 - New Northglenn Marketplace opens
• 1998 - Mall sold and demoed
• 1960 - Original mall opened

Related  Information
Hutensky Capital Partners