If you have driven around Wheat Ridge anytime lately, you've likely seen No Walmart on 38th signs everywhere. It got me curious so I looked into it and found out that there are rumors of a Walmart going in on the south west corner of 38th and Wadsworth.
It certainly makes sense why residents are protesting. There are already 6 Walmart's in a five mile radius of this site. But I think the biggest issue would be the potential lost by turning this corner into another big box store.
Wheat Ridge has been booming this year and if you follow this blog at all, you know that I've been encouraging people to invest in Wheat Ridge the past couple of years. The city of Wheat Ridge has been very aggressive in rebranding itself and has done a fabulous job of transforming 38th from Sheridan to Wadsworth. They could continue to expand on this transformation by bringing something new and exciting to this vacant site instead of settling for a big box store.
Imagine if they could lure Trader Joe's or Vitamin Cottage there and then surround it with restaurants and independent stores. I picture a mini Belmar or Southglenn, both of which are thriving and increasing property values nearby. A Walmart at this location would likley kill the momentum Wheat Ridge has created and would be a real shame from a Real Estate perspective.
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