Former Safeway Anchor Lease Ends, Castle Pines Marketplace Seeks Tenants
The long vacant 58,580 square foot anchor at 560 Castle Pines Parkway had its Safeway lease formally terminated on December 1, 2025, and the property owner is now actively marketing the space to new tenants. Local leaders and shoppers say the outcome will matter for nearby retailers, traffic patterns, and neighborhood services.
The owner of Castle Pines Marketplace moved on December 1, 2025 to terminate the Safeway lease for the 58,580 square foot anchor space at 560 Castle Pines Parkway, reopening the property to new leasing discussions. Nick Perry of Perry Castle Pines Marketplace LLC is the leasing agent handling interest and says discussions are underway with potential new tenants, though no deal has been announced. The vacancy ends a long period in which the anchor sat empty, and it has been a focal point for community concern about foot traffic and the center s viability.
The anchor size is significant for Douglas County retail geography. At 58,580 square feet the unit is large enough to host a full service supermarket, a single large retailer, or be subdivided into several smaller stores or non retail uses. Local leasing and market sources have discussed a range of reuse scenarios, including replacement grocery space, medical or health services, fitness and community uses, office conversion, or a combination of smaller tenants to rebuild consistent customer flow. How the space is reused will shape whether the center regains steady daily traffic or remains a lower intensity destination.
For nearby merchants and residents the immediate impacts are practical. Anchors typically generate a disproportionate share of visitor traffic for neighborhood centers. An occupied anchor can support higher rents and more diverse tenants, while a prolonged vacancy can depress sales for adjoining stores and put upward pressure on vacancy across the property. The site s reuse also matters for local employment and municipal revenues from sales and property taxes.
This development comes amid broader local growth and redevelopment discussions in Castle Pines. Property owners and municipal planners are watching whether market demand favors food and household retail or a shift toward services and experiential uses that have gained ground in suburban centers. Leasing timelines vary, and negotiations for large spaces often stretch for months as tenants assess logistics and buildout costs.
Residents seeking updates should monitor announcements from Perry Castle Pines Marketplace LLC and local planning notices. The selection of a tenant will determine not only the shopping center s short term health but also the pattern of daily traffic, parking demand, and local retail choices for Douglas County households.
