(DenverPost) Many Denver area property owners won’t rent to dispensaries and other cannabis-related retail businesses at all, concerned about the industry’s continued conflict with federal law. Aurora-based Western Centers, which manages 1.5 million square feet of retail and office space in Colorado, has taken a different tack. It is gearing a 50,000-square-foot neighborhood shopping center in Aurora toward pot. As part of a $1 million-plus renovation, the former Chambers Point strip mall at East Mexico Avenue and South Chambers Road has been re-branded the Aurora Hemp Marketplace, anchored by a trio of cannabis-centric businesses — a head shop, a dispensary and a hydroponics supply center. The goal is to add more complementary businesses in the future — perhaps a store that sells hemp products, a medical marijuana card clinic, a marijuana smoking club — should ever Aurora allow them — or even a Cheba Hut, the pot-themed sandwich chain known for its “toasted” subs, he said. “We would love it to have a marijuana focus, but there are still limited concepts,” Wagner said. “For a 50,000-square-foot center, that’s a lot of marijuana tenants.” The move has been good for business so far. Occupancy at the center used to hover around 60 percent. Following the renovations and re-branding, though, it’s up to 95 percent. Rents are up, too. The Aurora Hemp Marketplace’s other tenants include your typical neighborhood shopping center lineup — a dry cleaner, nail salon, donut shop, tattoo parlor, dog groomer, party supply store, massage parlor and check cashing service.
Cannabis News Weeducation
Aurora Hemp Marketplace is just what it sounds like, a cannabis-themed shopping center
on November 18th, 2016