Macerich Advances HiFi, Outdoor Mixed-Use Development at FlatIron Crossing in Colorado, Names Entertainment Anchor
Macerich (NYSE: MAC) has announced key developments for its HiFi project, a 25-acre mixed-use outdoor development adjacent to FlatIron Crossing in Colorado's Denver-Boulder corridor. The project will be anchored by Pindustry, a two-level, 34,000-square-foot entertainment venue featuring bowling, arcade games, and dining facilities.
The development includes NOVEL FlatIron by Crescent Communities, a five-story luxury residential complex with 345 units currently under construction. Both Pindustry and NOVEL FlatIron are scheduled to open in 2027 as part of the phased development plan.
HiFi will feature green spaces for events, concerts, and markets, emphasizing walkability and community connection. The project, which broke ground in summer 2024, is part of Macerich's Path Forward Plan to strengthen its key properties. FlatIron Crossing currently houses nearly 200 retailers including Apple, Macy's, and AMC Theatres.
Macerich (NYSE: MAC) ha annunciato sviluppi chiave per il suo progetto HiFi, un'area commerciale mista di 25 acri situata accanto a FlatIron Crossing nel corridoio Denver-Boulder del Colorado. Il progetto sarà ancorato da Pindustry, un locale di intrattenimento su due livelli di 34.000 piedi quadrati che offrirà bowling, giochi arcade e ristorazione.
Lo sviluppo include NOVEL FlatIron di Crescent Communities, un complesso residenziale di lusso di cinque piani con 345 unità attualmente in costruzione. Sia Pindustry che NOVEL FlatIron sono previsti per aprire nel 2027 come parte del piano di sviluppo graduale.
HiFi presenterà spazi verdi per eventi, concerti e mercati, enfatizzando la camminabilità e la connessione comunitaria. Il progetto, che ha preso avvio nell'estate del 2024, fa parte del Piano Path Forward di Macerich per rafforzare le sue proprietà chiave. FlatIron Crossing ospita attualmente quasi 200 rivenditori, tra cui Apple, Macy's e AMC Theatres.
Macerich (NYSE: MAC) ha anunciado desarrollos clave para su proyecto HiFi, un desarrollo mixto al aire libre de 25 acres adyacente a FlatIron Crossing en el corredor Denver-Boulder de Colorado. El proyecto estará anclado por Pindustry, un local de entretenimiento de dos niveles y 34,000 pies cuadrados que contará con boliche, juegos de arcade y opciones de comida.
El desarrollo incluye NOVEL FlatIron de Crescent Communities, un complejo residencial de lujo de cinco pisos con 345 unidades que actualmente está en construcción. Tanto Pindustry como NOVEL FlatIron están programados para abrir en 2027 como parte del plan de desarrollo por fases.
HiFi contará con espacios verdes para eventos, conciertos y mercados, enfatizando la caminabilidad y la conexión comunitaria. El proyecto, que comenzó en el verano de 2024, es parte del Plan Path Forward de Macerich para fortalecer sus propiedades clave. FlatIron Crossing alberga actualmente cerca de 200 minoristas, incluidos Apple, Macy's y AMC Theatres.
마세리치 (NYSE: MAC)는 콜로라도 덴버-볼더 회랑에 있는 플랫아이언 크로싱 인근에 위치한 25에이커 규모의 혼합 용도 야외 개발 프로젝트인 HiFi의 주요 개발 사항을 발표했습니다. 이 프로젝트는 Pindustry에 의해 주도되며, 34,000평방피트 규모의 2층 엔터테인먼트 공간으로 볼링, 아케이드 게임 및 식사 시설을 제공합니다.
개발에는 현재 건설 중인 345개 유닛의 5층 고급 주거 단지인 Crescent Communities의 NOVEL FlatIron이 포함됩니다. Pindustry와 NOVEL FlatIron은 모두 단계적 개발 계획의 일환으로 2027년에 개장할 예정입니다.
HiFi는 이벤트, 콘서트 및 시장을 위한 녹지 공간을 제공하며, 보행 가능성과 지역 사회 연결성을 강조합니다. 2024년 여름에 착공된 이 프로젝트는 마세리치의 주요 자산을 강화하기 위한 Path Forward 계획의 일환입니다. 플랫아이언 크로싱에는 현재 Apple, Macy's 및 AMC 극장을 포함하여 거의 200개의 소매점이 있습니다.
Macerich (NYSE: MAC) a annoncé des développements clés pour son projet HiFi, un développement mixte en plein air de 25 acres adjacent à FlatIron Crossing dans le couloir Denver-Boulder du Colorado. Le projet sera ancré par Pindustry, un lieu de divertissement de deux niveaux de 34 000 pieds carrés comprenant des bowling, des jeux d'arcade et des installations de restauration.
Le développement comprend NOVEL FlatIron de Crescent Communities, un complexe résidentiel de luxe de cinq étages avec 345 unités actuellement en construction. À la fois Pindustry et NOVEL FlatIron devraient ouvrir en 2027 dans le cadre du plan de développement par phases.
HiFi comportera des espaces verts pour des événements, des concerts et des marchés, mettant l'accent sur la marche et la connexion communautaire. Le projet, qui a été lancé à l'été 2024, fait partie du Plan Path Forward de Macerich pour renforcer ses propriétés clés. FlatIron Crossing abrite actuellement près de 200 détaillants, dont Apple, Macy's et AMC Theatres.
Macerich (NYSE: MAC) hat wichtige Entwicklungen für sein HiFi-Projekt angekündigt, ein 25 Hektar großes gemischt genutztes Freiluftprojekt neben FlatIron Crossing im Denver-Boulder-Korridor in Colorado. Das Projekt wird von Pindustry getragen, einer zweigeschossigen, 34.000 Quadratfuß großen Unterhaltungsstätte mit Bowling, Arcade-Spielen und Gastronomie.
Die Entwicklung umfasst NOVEL FlatIron von Crescent Communities, einen fünfstöckigen Luxuswohnkomplex mit 345 Einheiten, der derzeit im Bau ist. Sowohl Pindustry als auch NOVEL FlatIron sollen 2027 im Rahmen des phasenweisen Entwicklungsplans eröffnet werden.
HiFi wird Grünflächen für Veranstaltungen, Konzerte und Märkte bieten und legt Wert auf Fußgängertauglichkeit und Gemeinschaftsverbindung. Das Projekt, das im Sommer 2024 begonnen wurde, ist Teil von Macerichs Path Forward Plan zur Stärkung seiner Schlüsselimmobilien. FlatIron Crossing beherbergt derzeit fast 200 Einzelhändler, darunter Apple, Macy's und AMC Theatres.
- Secured major entertainment anchor tenant Pindustry for 34,000 sq ft
- 345 luxury residential units adding built-in customer base
- Project strengthens key property in Denver-Boulder corridor
- Development diversifies revenue streams beyond retail
- Long wait until 2027 for revenue generation from project
- Significant capital investment required for development
- Construction and development risks through 2027
Strategic Investment in Its Best Properties is Key Aspect of Macerich’s Path Forward Plan
A Media Snippet accompanying this announcement is available by clicking on this link.
SANTA MONICA, Calif., March 06, 2025 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of major retail properties in top markets, today announced that Pindustry will anchor HiFi, its mixed-use outdoor development project adjacent to premier retail destination FlatIron Crossing.
HiFi at FlatIron Crossing, Macerich’s thriving property in Colorado’s busy Denver-Boulder corridor, blends multifamily living, unique shopping, dining and entertainment with lush green spaces to create a new destination for all things fun. Pindustry – a two-level, locally owned entertainment destination – will join NOVEL FlatIron by Crescent Communities, a new, five-story, 345-unit luxury multifamily residential community, now under construction at HiFi.
Phased openings at HiFi are set to begin in 2027, including the openings of Pindustry and NOVEL FlatIron.
“An important aspect of our Path Forward Plan is investing in and fortifying our Fortress and Steady Eddy properties, which include FlatIron Crossing,” said Jack Hsieh, President and CEO, Macerich. “HiFi at FlatIron Crossing is designed to do exactly that, bringing together best-in-class entertainment and dining options, appealing green spaces for year-round programming, alongside luxury multifamily residences that deliver a built-in customer base for everything this thriving property has to offer its growing trade area.”
Macerich’s plans for HiFi at FlatIron Crossing fit well with what retailers, and their customers, want today. “HiFi’s positioning as a regional hub for ‘All Things Fun’ is a great way to express what we’re doing here from a leasing standpoint,” said Doug Healey, Senior Executive Vice President, Leasing, Macerich. “Exciting, new-to-market entertainment and dining experiences help drive more success for retailers across our best properties, and HiFi is already doing this at FlatIron Crossing – spurring tremendous interest from new concepts and encouraging existing retailers to invest in their presence here.”
More About HiFi at FlatIron Crossing
HiFi is the re-envisioned, 25-acre mixed-use outdoor hub with shopping, dining, entertainment and living adjacent to premier shopping destination, FlatIron Crossing. At its heart, HiFi features lush green spaces for all types of events and activations, from concerts and group fitness classes to farmers markets and festivals, infused with the spirit of shared connections and adventure. Designed for convenient, stylish living and enjoying life with unmatched walkability, HiFi broke ground in summer 2024.
Pindustry, the Centennial, Colorado-based entertainment company that has earned rave reviews for its dynamic combination of bowling, arcade games, food, cocktails and live music, will open its second location at HiFi at FlatIron Crossing. Pindustry at HiFi will offer 34,000 square feet of entertainment, including two levels of traditional and duckpin bowling, classic arcade games and pinball, billiards, a dart court and more. Guests can enjoy the elevated menu of shareable dishes, an outdoor beer garden, a rooftop deck, plus a dance floor and stage for live music.
For updates and information about HiFi at FlatIron Crossing, visit FlatIronCrossing.com/Redevelopment.
Located in Broomfield, Colorado, along the busy US-36 corridor between Denver and Boulder, FlatIron Crossing is a major retail property with nearly 200 popular retailers including Apple, DICK’S Sporting Goods, Dillard’s, Macy’s, AMC Theatres, lululemon, Crate & Barrel, Pottery Barn, Williams Sonoma, and restaurants including Bad Daddy’s Burger Bar, P.F. Chang’s and Red Robin.
About Macerich
Macerich is a fully integrated, self-managed, self-administered real estate investment trust (REIT). As a leading owner, operator, and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 43 million square feet of real estate, consisting primarily of interests in 40 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good, and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for ten consecutive years (2015-2024). For more information, please visit www.Macerich.com.
Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.
MEDIA CONTACT: Arun Khosla, VP Corporate Communications, Arun.Khosla@macerich.com
FAQ
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