NewMark Merrill poised to take on ailing Twin Peaks Mall in Longmont

LONGMONT – With shopping center developer and manager NewMark Merrill Cos. under contract to buy Twin Peaks Mall, potential public redevelopment money could be discussed in the future, according to the city’s economic development director.

“The fact that an urban renewal district was put in place there several years ago puts the notion of a public project investment on the table for negotiation,” Brad Power, Longmont’s economic development director.

Longmont mayor Bryan Baum said Woodland, Calif.-based NewMark Merrill, which has an office in Fort Collins, has made an all-cash offer for the mall, which is owned by Panattoni Development Co. based in…