There may be a new retail and dining development in store for Lone Tree next year. The developers behind the Promenade at Castle Rock want to bring an outdoor-centric, pedestrian-friendly gathering place with first-to-market restaurants and curated shops to Lone Tree.
Called The Yard, it would be an outdoor, open-air expanse development located southwest of the exit ramp off C-470 at Yosemite Street near Park Meadows Mall, according to Don Provost, principal of Alberta Development Partners.
The development will not include residential dwellings and would be strictly retail and dining space. It will feature a more city-like feel where no two buildings will look the same. The Yard would be situated on 14 acres of land with more 84,400 square feet of leasable space that will create 400 permanent jobs, according to Alberta Development Partners.
Alberta is still in the process of meeting with the city and community members to gauge their input on the development and has plans for submitting a formal application to the city early in the New Year. It wants to start construction in mid-2016 if approved.