The Shops at Northfield, Denver’s sprawling open‑air retail campus in the Central Park neighborhood, has landed a fresh equity lifeline that owners say will bankroll a multi‑year overhaul and lock in new anchor tenants. The deal, announced Wednesday, finally puts dates on the long‑teased changes, including a large‑format Wayfair store slated for late 2026 and a Life Time athletic club expected in 2027.
According to Stockdale Capital Partners, the firm has closed a strategic equity recapitalization of the 1.1‑million‑square‑foot retail property in collaboration with UBS’s Unified Global Alternatives Real Estate business. Stockdale says the capital infusion will fund tenant buildouts, public‑space upgrades, and a renewed leasing push across the center.
Stockdale, which bought The Shops at Northfield in 2022, told the Denver Business Journal that the recapitalization brought in additional equity totaling millions of dollars, allowing construction and new leasing to move faster. That added cushion, the paper reports, lets the owner move several previously discussed deals from the rumor mill into the buildout phase.
Timeline and anchor tenants
Wayfair plans to turn the former Macy’s box into a roughly 140,000‑square‑foot, two‑story store and is targeting a late‑2026 opening, according to a company press release. Wayfair says the Denver location will feature design services and in‑store experiences that are meant to play off, not replace, its massive online business…