Walmart pulls out of Wheat Ridge development

July 07, 2016 / Posted in Denver, Developments, Real Estate

Potential grocer had been a source of controversy in city


A planned development in Wheat Ridge will no longer include a Walmart grocer after the developer informed the city on Wednesday that the company was pulling out of the project.

The Corners at Wheat Ridge Project at West 38th Avenue and Wadsworth Boulevard, a 15-acre site with a mix of housing, retail and a grocer, had an agreement with Walmart to anchor the development. The plan had drawn the ire of residents who did not support the planned Walmart Neighborhood Market.

The developer, Quadrant Properties, told the city about Walmart’s decision on Wednesday. Quadrant partner Bob Turner said in a statement that his team is “committed to working on an alternative plan that we believe will complement the surrounding neighborhoods and fulfill the city’s mixed-use vision.”

Walmart public affairs director Josh Phair did not immediately return calls for comment, but said in the statement that this was a business decision based on the company’s long-term strategic goals.

He added: “However our commitment to our Wheat Ridge customers has not changed and we look forward to working with the city to identify other appropriate sites where we can provide our customers the convenient and affordable shopping experience our stores have to offer.”

The Corners at Wheat Ridge site has been vacant for several years and will be built over an old car lot. The plan includes 37 townhomes, 40,000 square feet of mixed-use retail and a 41,000 square-foot grocer. The rumors of a Walmart being that anchor has been controversial for nearly two years. A group of residentslaunched a website in 2014 opposing the Walmart before the company was officially announced as a tenant.

Wheat Ridge City Council last year approved tax-increment financing for the development that would give Quadrant $7.8 million in tax incentives if the project goes through to offset cleanup costs for the blighted site.

The project is still in the planning process, according to Wheat Ridge spokeswoman Heather Geyer, and there is no date set to break ground.