History
FlatIron Crossing Mall was developed by Westcor in 2000. At the time, it was considered an early adopter for being a new "hybrid"-style mall: enclosed shopping centers attached with large outdoor, open-air pedestrian areas. It also led in the development for sustainability, making use of the natural environment, using recyclable materials for parts of construction, and being energy-efficient.
The super-regional shopping center also played a key part in the growth of Broomfield. Numerous other retail and business developments sprung up around the mall; in addition, it brought in millions in sales taxes to boost the city's revenue. In 2001, due to the city's rapid growth and other administrative concerns, Broomfield was successful in filing for, and becoming the newest and smallest county in the state.
In 2006, management became aware of a problem regarding the land that The Village at the mall was built on; shifting soils underneath the area was causing structural damage to the buildings. Several tenants closed their stores and moved out of the mall over the issue.
A majority stake - 75 percent - of FlatIron Crossing Mall was sold to equity firm GI Partners in 2009; Macerich received approximately $116 million cash in the deal. As part the joint venture, Macerich continues to manage the mall.
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