Development
Broadway Plaza Shopping Center was the idea of Allan S. Reiver, a Denver real estate developer, who had redeveloped a number of historic buildings in downtown Denver. Influenced by the high-flying 1980s, he envisioned Broadway Plaza as a high-end shopping destination, despite it being built in a working class and industrial neighborhood. Reiver's company Realities, Inc. signed a contract to develop Printemps locations around the United States, the first being at Broadway Plaza. Reiver's partner at Broadway Plaza, former Atlantic Richfield Co CEO Robert O. Anderson, played a major part in convincing Printemps to locate in Denver. Land for the giant project was purchased in 1984 with financing from Red Hill Savings, a division of Hill Financial of Red Hill, Pa.
The shopping center was to have three components: Printemps and the International Collection of boutique stores; the Denver Design Center, and an office building renovated from the Montgomery Ward complex. The shopping center opened in late 1986, and by late 1987, numerous smaller stores were closing in the International Collection, despite being offered free rent before the opening of Printempts.
Read more about this topic: Broadway Plaza (Denver)
Famous quotes containing the word development:
“Sleep hath its own world,
And a wide realm of wild reality.
And dreams in their development have breath,
And tears, and tortures, and the touch of joy.”
—George Gordon Noel Byron (1788–1824)
“The work of adult life is not easy. As in childhood, each step presents not only new tasks of development but requires a letting go of the techniques that worked before. With each passage some magic must be given up, some cherished illusion of safety and comfortably familiar sense of self must be cast off, to allow for the greater expansion of our distinctiveness.”
—Gail Sheehy (20th century)
“Men are only as good as their technical development allows them to be.”
—George Orwell (1903–1950)