Aurora’s Stanley Marketplace, the sprawling food-and-retail hub that helped revive a onetime aviation plant, is under contract to land in the hands of a local buyer, according to its owners. The market is expected to stay open through the transition, and the timing lines up neatly with the complex’s upcoming tenth anniversary.
Sale details
Developer Westfield Company has confirmed that the roughly 140,000-square-foot Stanley Marketplace is under contract and that the prospective buyer is based in the area. In a statement to Westword, Westfield partner Jonathan Alpert said, “We have a local buyer we’re excited about and believe is the right fit to steward the Stanley into its next chapter,” while noting that the deal “remains subject to diligence, approvals and other closing conditions.”
Operators say the marketplace will keep running as usual while those conditions are worked through, so regulars can still grab coffee, dinner, or a last-minute gift without worrying about locked doors.
The marketplace and its footprint
The two-story, warehouse-style complex sits at 2501 N. Dallas Street and covers roughly 140,000 square feet, with about 50 retail shops, restaurants, and service businesses, according to the Westfield Company portfolio. It has become a de facto community hangout, with everything from family-friendly events to date-night destinations under one very large roof.
The marketplace’s own website keeps a running list of tenants along with weekly programming and special happenings that draw both neighbors and out-of-towners. Current vendor hours and events are posted on the Stanley Marketplace site.
How the redevelopment was financed
Turning the former industrial site into today’s mixed-use marketplace was not cheap. The adaptive-reuse project cost about $30 million and leaned on a cocktail of private loans, tax-increment financing, and state historic-preservation tax credits, according to a case study from the Colorado Brownfields Partnership…