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The Promenade Shops at Centerra

5971 Sky Pond Dr, Loveland

The Promenade Shops at Centerra is a premier open-air lifestyle retail destination in Loveland, anchored by national brands, experiential retail, and dining within Northern Colorado’s leading mixed-use Centerra development.

  • Property ClassClass A
  • Property TypeRetail
  • Investment StrategyOpportunistic
  • Asset StatusDisposed
  • Operating StageStabilized & Cash Flowing
About The Promenade Shops at Centerra

About The Promenade Shops at Centerra

The Promenade Shops at Centerra is a high-profile lifestyle retail center located in Loveland, Colorado, at the heart of the Centerra master-planned community. Strategically positioned at the intersection of Interstate 25 and US-34, the property benefits from exceptional regional visibility and accessibility, drawing shoppers from Loveland, Fort Collins, Greeley, and the broader Front Range. Its location within a dense employment, residential, medical, and hospitality node supports strong daily and destination-driven foot traffic.

The center features a curated mix of national and regional retailers, entertainment uses, and sit-down dining concepts arranged in an open-air, pedestrian-oriented format. Building designs emphasize storefront visibility, walkability, and placemaking, complemented by landscaped common areas, plazas, and ample surface parking. The layout supports experiential retail and extended dwell time, reinforcing the center’s role as a social and commercial gathering place.

The Promenade Shops at Centerra’s unique value proposition lies in its integration within Northern Colorado’s most established mixed-use development, combining scale, tenant quality, and experiential design. By offering a destination retail environment supported by strong demographics, employment density, and year-round visitation, the asset is positioned to deliver durable performance and long-term relevance in an evolving retail landscape.

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    Asset Highlights

    • Project Start Date

      2005

    • Disposition Date

      August 2025

    • Disposition Price

      $55,000,000

    Property Type
    Retail
    Year Built
    2005
    Acres
    9.39 AC
    Land SF
    409,011 SF
    Retail
    156,376 SF
    Stories
    2
    Parking Ratio
    5.70/1,000 SF
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