Foothills Mall gets new owners

Fort Collins – General Growth Property, owner of the ailing, 753,000-square-foot Foothills Mall, has sold the property to a Denver developer and a real estate investment firm, the city announced Tuesday.
No sales price was released.

Fort Collins Mayor Karen Weitkunat called it exciting news. Indeed, the deal may be key to hopes for a revitalization of the South College Avenue area between Prospect Road and Harmony Road.

Located off College Avenue, the mall has been losing tenants for years. It once had a JCPenny but that department store was torn down. It is now anchored by Macy’s and Sears.…