Paseo Colorado

Pasadena, California

565,000 Sq. Ft. Entertainment and Retail
387 Loft Apartments

Challenge

To redevelop a failed 1980 mall covering three full city blocks on Colorado Boulevard in the heart of Pasadena’s Civic Center.

Vision

Acquire the mall, demolish it, restructure the anchor leases, renegotiate the existing loan, secure public financing, obtain entitlements and construct a vibrant new mixed-use “urban village” consisting of 565,000 SF of entertainment and retail and 387 loft apartments. In addition to the apartments, Paseo Colorado includes Macy’s, a gourmet grocery, a 14-plex cinema, 10 restaurants, a fitness center, and dozens of upscale retailers and gracious open courtyards.

Results

Paseo Colorado became an award winning example of redevelopment and one of the first of a new generation of urban mixed-use properties in a project that fits properly in the beloved public buildings of Pasadena’s Civic Center.

Project Web Site: www.paseocoloradopasadena.com