Legacy Development Partners and Garrett Cos. Acquire 30 Acres for Legacy at Jackson Landing Retail Center

Why It Matters

The project adds significant retail square footage to a fast‑growing corridor, boosting jobs and tax revenue while strengthening Target’s regional footprint.

Key Takeaways

• 30‑acre site for 225k‑sq‑ft retail center
• Target anchors development; Marshalls, HomeGoods, Chick‑fil‑A confirmed
• Construction begins now; opening planned October 2027
• Telis Group equity, Bank of Texas financing support project

Pulse Analysis

Colorado’s Front Range continues to outpace national retail growth, driven by population inflows and rising household incomes. The I‑25 corridor near Monument has become a magnet for developers seeking high‑visibility sites that serve both suburban families and commuters traveling between Denver and Colorado Springs. Legacy at Jackson Landing taps into this momentum, offering 225,000 square feet of mixed‑use space within a 30‑acre parcel strategically positioned at the intersection of Interstate 25 and Baptist Road. The location promises easy access, ample parking, and visibility that can attract regional shoppers.

The development is a joint venture between Legacy Development Partners and The Garrett Co., two firms with a track record of delivering large‑scale retail projects in the Mountain West. Equity financing was sourced from Texas‑based Telis Group, while the Bank of Texas is providing construction loans, underscoring the cross‑state capital interest in Colorado’s retail market. Target will serve as the anchor tenant, complemented by Marshalls, HomeGoods, Chick‑fil‑A and Firehouse Subs, creating a diversified tenant mix that balances discount, home, and food‑service categories. Early lease negotiations suggest additional national and regional brands will join the roster.

When Legacy at Jackson Landing opens in October 2027, it is expected to generate roughly 1,200 construction jobs and 300 permanent positions, bolstering the local labor market. The added tax base will aid Monument’s municipal budget, supporting infrastructure upgrades and public services. Moreover, the project intensifies competition among existing shopping centers, prompting them to modernize and improve tenant experiences. For retailers, the new center offers a fresh platform to reach Colorado’s growing consumer base, while investors view the venture as a hedge against e‑commerce saturation by emphasizing experiential and essential‑goods offerings.

Deal Summary

Legacy Development Partners (LDP) and The Garrett Cos. have completed the acquisition of roughly 30 acres in Monument, Colorado, to develop the 225,000‑sq‑ft Legacy at Jackson Landing retail center anchored by Target. Construction is set to begin immediately with a planned opening in October 2027.