News & Press Releases
39 NEW TENANTS ANNOUNCED AT THE ORCHARD TOWN CENTER
Clothiers, restaurants and shops
Westminster, CO (February 13, 2008) – American Eagle Outfitters, Rock Bottom and Victoria’s Secret are among the 39 new tenants coming to The Orchard Town Center. Retailers, jewelry stores, restaurants and quick-service eateries were also announced today by Forest City Commercial Group, the developer of the 983,000-square-foot Orchard Town Center, a pedestrian-friendly lifestyle village being built at the intersection of I-25 and 144th Avenue.
Scheduled to open in spring 2008, The Orchard Town Center will become a true gathering place for Westminster and Thornton residents, serving a growing population. The following is a list of new retailers: Aéropostale, American Eagle Outfitters, Bath & Body Works, The Body Shop, Christopher & Banks, C.J. Banks, Claire’s, Crepes De Paris, Cuppy´s Coffee, dELiA*s, Eddie Bauer, Finish Line, GNC, Gymboree, Happy Sumo, Kay Jewelers, Lane Bryant, LensCrafters, Limited Too, Mexico, Motherhood Maternity, Origins, PacSun, Payless ShoeSource, Rock Bottom, Rocky Mountain Chocolate Factory/Häagen Dazs, Select Comfort, Sunglass Hut, Tilly’s, Torrid, Verizon Wireless, Victoria´s Secret, Woodland´s, Zales and Zumiez.
“These tenants will be an excellent addition to Macy’s, JC Penney, AMC Theatres and SuperTarget,” said Nancy Rezac, General Manager of The Orchard Town Center. “With a unique mix of national and local retailers, The Orchard Town Center will meet the needs of visitors with varying interests and of different age groups.”
The Orchard Town Center is located just over three miles from Adams, Weld and Boulder counties, where statistics indicate that the population will grow by 70,000 between years 2006 through 2012. “Westminster and Thornton have been proactive in ensuring that the community will be well served with The Orchard Town Center,” said Rezac. “In addition, the new interchange on I-25 will give residents and those in the surrounding community convenient access to meet their everyday shopping needs.”
Designed in classic prairie craftsmanship, The Orchard Town Center will be pedestrian-friendly, outdoor lifestyle village with exceptional options in shopping, dining and entertainment. The Orchard Town Center will offer 80-100 retail establishments when fully built out in an environment that invites lingering, relaxing and socializing. The project is being developed by Forest City Commercial Group and the City of Westminster.
The Grand Opening will take place Thursday, April 3, with activities taking place during the weekend. “Stores will be opening throughout the spring and summer in a ‘rolling’ opening with new surprises each month,” said Rezac. “This will be an exciting year for shoppers in Westminster and surrounding areas,” she added.
About the Developer
Forest City Commercial Group is a unit of Forest City Enterprises, Inc., a $10 billion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.
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Safe Harbor Language
Statements made in this news release that state the Company’s or management´s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. The Company´s actual results could differ materially from those expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors. Risks and factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, real estate development and investment risks, economic conditions in the Company´s primary markets, dependence on rental income from real property, downturns in the housing market, competition, illiquidity of real estate investments, bankruptcy or insolvency of tenants, reliance on major tenants, the impact of terrorist acts, risks associated with an investment in and the operation of a professional sports franchise, conflicts of interest, the Company’s substantial debt leverage and the ability to service debt, the impact of restrictions imposed by the Company’s credit facility, changes in interest rates, the continued availability of tax-exempt government financing, effects of uninsured losses, environmental liabilities, risks associated with developing and managing properties in partnership with others, the ability to maintain effective internal controls, compliance with governmental regulations, litigation risks, and other risk factors as disclosed from time to time in the Company’s SEC filings, including but not limited to, the Company’s annual and quarterly reports.
Contact:
Nancy McCann
Forest City Commercial Group
216-416-3004
nancymccann@forestcity.net
