New stores, more renovations for the Outlets at Silverthorne
SILVERTHORNE – Big plans are in the works for the Outlets at Silverthorne, including the continuation of multi-million dollar renovation project, the addition of an Old Navy store, possibly a Gap Kids and maybe a new restaurant.”The sales are just extremely strong – a lot stronger than we thought or our retailers thought. So we want to continue on,” said John Massing, of TGS North American REIT, which owns the Outlets at Silverthorne.During the week of spring break, the new Polo Ralph Lauren store had better sales in Silverthorne than it did at its Las Vegas store, Massing said. Coach almost tripled its forecasted sales and Anne Klein doubled its projections, he added.With construction just about wrapped up on the Trout Village, TGS wants to get started on renovations at two other villages.The Silverthorne Town Council last week unanimously approved site plan modifications for the next phase of work. The plan includes a 4,000-square-foot addition to the north end of the Ptarmigan Village to support the Old Navy store.
The work will incorporate new signs, roofs, architectural elements and timber and stone accents, said project designer Marcel Proskow.The layout will be more pedestrian friendly through the use of directional signs, heated covered walkways and possibly a second fire pit, Proskow said.Council members commended Proskow, Massing and Outlets manager Rob Goodell for adding a spark to the Trout Village.”You really have come through with the goods as far as I’m concerned,” Councilmember Dave Koop said. The Trout Village is 100 percent leased, with Banana Republic and the Sunglass Hut both scheduled to open by the end of the summer.The Buffalo Village has two open units and Ptarmigan Village has eight vacancies, but the hope is that the Old Navy will attract new tenants to Ptarmigan.
Gap Kids expressed interest in moving into the south end of Ptarmigan Village and TGS is trying to attract a restaurant to the area, Massing said.The Old Navy will be located in space currently occupied by Levi’s Outlet, which will move to another unit in the village.Old Navy is a subsidiary of Gap Inc., which also owns the Gap and Banana Republic.The $13 million renovation project began last fall and is expected to be finished by this holiday season.
Nicole Formosa can be reached at (970) 668-3998, ext. 229, or at email@example.comNew namesBlue=Trout Village on corner of Wildernest and Highway 9. Only village so far that has undergone remodel.Red=Buffalo Village under the I-70 bridgeGreen=Ptarmigan Village across Highway 9 off Rainbow Drive
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