October 2, 2022

Obarbas

Youth trendy style

Lakewood’s Belmar browsing middle dealing with foreclosures, city details to worries of COVID-19

The Belmar buying heart, a single of Lakewood’s most prominent retail developments, is in foreclosure, Jefferson County documents clearly show.

The center’s failing finances, very first documented by 9Information on Tuesday, ended up outlined in a general public see submitted by the Jefferson County Community Trustee’s office in late October. The discover confirmed that the registered residence proprietor, Belmar Business Operator LP, owes $108.8 million on an first $111 million loan.

The personal debt holders on the home have filed the essential paperwork to pressure a sale beneath the conditions of the deed, the Oct. 26 trustee’s detect suggests. A general public auction day was established for Feb. 25, in accordance to the public trustee.

Belmar opened in 2004, an open up-air buying district made to serve as a defacto downtown for Lakewood. It took the area of a defunct retail centre, the former Villa Italia shopping mall at the southeast corner of South Wadsworth Boulevard and West Alameda Avenue.

Nowadays, the center’s web site states extra than 80 area and national corporations lease house on the campus, bringing procuring, eating and entertainment alternatives to the west aspect of the metro area. Big tenants involve Concentrate on, Complete Foodstuff Marketplace and a Century Theatres motion picture theater.