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Investor holds on to hope for Macy’s building

Blake Allen, who owns Allen Realty in Manitou Springs, is unfazed by the The Citadel mall’s woes and is buying the vacant Macy’s building in hopes of staging a retail comeback. Investors and retailers, however, aren’t convinced. He has been in the process of buying the building since March and hopes to close at the… Continue Reading Investor holds on to hope for Macy’s building

Word was out this week about what could be one of the bigger commercial real estate deals in Colorado Springs so far this year. It hasn’t closed yet, but Blake Allen of Manitou Springs-based Allen Realty has agreed to buy the 185,000-square-foot space that was formerly a Macy’s department store at the Citadel Mall. The… Continue Reading Deal in works to revive property at The Citadel

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