Promenade Shops at Centerra listed for foreclosure at $83.65M

LOVELAND — The Promenade Shops at Centerra shopping district has been issued a foreclosure demand worth $83.65 million, marking the second major retail center in Northern Colorado to fail to keep up on debt payments amid the pandemic.

The 495,037-square-foot property is in default on the variable-interest loan, which was issued in February 2018 by the American arm of French investment bank Natixis S.A., according to foreclosure notices posted to the Larimer County Public Trustee’s site Friday morning.

The listed amount due of $83.65 million is exactly the same as the original loan amount issued, according to county records. The loan is…