Foothills’ New Owners Plan a Listen-First Philosophy

Colorado-based McWhinney, along with its joint venture partner, L.A.-based Prism Places, recently purchased the Foothills property in Midtown Fort Collins, CO. The group’s immediate plans include supporting the mall’s existing tenants, taking inventory of current operations and engaging stakeholders to gather input on potential future improvements in order to fulfill the city’s vision for Foothills.

“It’s an incredible asset with significant potential, and our first step is to take the time to get fully acquainted with existing tenants and absorb the nuances of current operations,” said Ray Pittman, chief operating officer and president of McWhinney. “As owner of the Cycle Apartments next door, we see this acquisition as a natural extension of our investment in Midtown Fort Collins. We feel this is a once-in-a-generation opportunity to create an exceptional destination that will support and strengthen the entire region.”

Foothills is a 63-acre property located at 215 Foothills Pkwy. comprised of 662,000 square feet of retail space including a 128,000-square-foot Macy’s department store. The property first opened as Foothills Fashion Mall in 1973.

McWhinney and Prism are the mall’s fourth owners, and the acquisition includes all of the mall’s assets and buildings with the exception of the parking structure and surface parking fields, which are owned by the Foothills Metro District, and the Foothills Activity Center, which is owned by the city of Fort Collins. Prism will take over as the mall’s property manager.