Alberta Development Partners

Name

Alberta Development Partners

Legal name

Alberta Development Partners LLC

Website

https://albdev.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Other Real Estate Property (53119)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Retail real estate development
• Mixed-use development
• Master planned communities
• Shopping center development
• Commercial real estate investment

Headquarters

HQ city

Greenwood Village

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Retail Real Estate Development and Leasing: Alberta Development Partners generates revenue through acquiring, developing, and repositioning retail shopping centers and mixed-use properties. Revenue comes from retail leasing (rental income from retail tenants), property sales, and development fees. The company focuses on regional retail shopping centers, grocery-anchored shopping centers, and value-added retail opportunities.
2. Master Planned Residential Communities: Revenue from selling residential lots and home sites in master planned communities. Includes single-family home sites, townhome parcels sold to homebuilders, and residential development rights. The company has acquired significant land for new development and sells finished lots to national and regional homebuilders.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Alberta Development Partners acquires, develops, and invests in retail and residential real estate throughout the western United States. Its portfolio includes master planned residential communities (e.g., Painted Prairie, Windler), regional and mixed-use retail destinations (e.g., Southlands, The Streets at SouthGlenn, Foothills, Promenade at Downey), grocery-anchored shopping centers, and neighborhood retail centers. Revenue is generated through retail leasing, property sales, lot sales to homebuilders, and development fees.

Product overview

Alberta Development Partners is a real estate development company engaged in the acquisition, development, and investment of retail and residential real estate opportunities across the western United States. The company operates a portfolio of master planned residential communities (Painted Prairie with 3,500 homes, Windler with 5,000+ residences, Wheatlands with 1,441 home sites), mixed-use retail and entertainment destinations (Southlands as Colorado's largest retail destination at 1.7M SF, The Streets at SouthGlenn, Foothills, Promenade at Downey, Promenade at Castle Rock, Simi Valley Town Center), neighborhood retail centers (Harvest Junction, University Square, Meadows on the Parkway, The Promenade at Denver West, The Shops at Highland Village), and specialty properties (Maui Mall in Hawaii, The Local in Arizona, Cornerstar). The portfolio spans over 220 completed projects with $4.5 billion in combined value.

Differentiator

Problem solved

Functional benefit

Products and services

• Painted Prairie A 628-acre master planned residential community in Aurora, CO featuring 3,500 neo-traditional homes with eco-friendly design, a 22-acre neighborhood park, a 50-acre town center, and pedestrian connectivity. Currently in Phase 2 of development.
• Windler An 847-acre master planned community in Aurora, CO with 5,000+ planned residences, 150+ acres of parks, the 1881 Park farm-to-table cultural experience, and a 60,000 SF community center with fitness venues and an outdoor pool.
• The Streets at SouthGlenn A 948,000 SF regional urban lifestyle destination in Centennial, CO with 131,000 SF office, 214 apartments, Whole Foods Market, outdoor dining, boutiques, and a 14-screen Regal cinema. Completed August 2009.
• Southlands Colorado's largest retail destination in Aurora, CO spanning 301 acres with 1.7 million SF total GLA (1.6M retail, 171K office), featuring an outdoor town center, a classic movie theatre, premier retailers, restaurants, and unique boutiques.
• Foothills A redeveloped indoor/outdoor retail destination in Fort Collins, CO on 77 acres featuring 620,000 SF retail, 402 apartments, a multi-screen theater, outdoor cafes, rooftop patios, and sustainability-focused design. Opened 2016.
• Promenade at Downey A 661,371 SF mixed-use retail development in Downey, CA on 58 acres featuring a Cinemark theater, 24-Hour Fitness, a historical aerospace museum walk honoring NASA's legacy, and aerospace-themed architecture. Opened 2016.
• Promenade at Castle Rock A 160-acre destination neighborhood center in Castle Rock, CO featuring 1 million SF retail, 320 apartments, Natural Grocer, a fitness center, warehouse retail, multiple eateries, and upscale dining.
• Simi Valley Town Center A 637,728 SF open-air shopping, dining and entertainment center in Simi Valley, CA on 27.10 acres featuring California's first Studio Movie Grill (10-screen), Marshalls, Ulta, a specialty grocer, and communal gathering spaces.
• Harvest Junction Longmont's preferred shopping destination featuring 367,918 SF total GLA with national anchors including Bed Bath & Beyond, Marshalls, Ross Dress for Less, Michaels, Petco, and casual dining options. Completed 2006.
• The Local A mixed-use development in Tempe, AZ on 1.8 acres featuring 42,332 SF retail (35,000 SF Whole Foods) and 270 luxury apartments, located one block off Mill Avenue in Downtown Tempe. Opened 2019.
• Maui Mall An open-air retail center in Kahului, Maui, HI on 25.4 acres with 186,300 SF total GLA, anchored by a 12-screen theater and Maui's only Whole Foods Market. Features Maui's first TJ Maxx.
• Cornerstar A retail and residential destination in Aurora, CO on 158 acres featuring 685,000 SF retail, 400 for-rent units, Sunflower Market, Dick's Sporting Goods, Best Buy, Target, 24 Hour Fitness, and diverse restaurants. Opened October 2008.
• The Shops at Highland Village An exclusive open-air center in Highland Village, TX on 43.2 acres with 400,000 SF total GLA (370K retail, 30K office), featuring Whole Foods (first in Denton County), AMC theater, and a mix of local and national retailers.
• The Promenade at Denver West

Quantifiable outcome

• 220+ projects completed with $4.5 billion combined value
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Whole Foods MarketcoreStrategic or Co-development PartnerWhole Foods serves as a key grocery anchor tenant at multiple Alberta Development Partners properties including The Streets at SouthGlenn (Centennial, CO), Southlands (Aurora, CO), The Local (Tempe, AZ), Maui Mall (Kahului, HI), and The Shops at Highland Village (TX) - the first Whole Foods in Denton County.
• Studio Movie GrillcoreStrategic or Co-development PartnerStudio Movie Grill opened California's first location at Simi Valley Town Center - a 10-screen state-of-the-art facility and leader in in-theater dining as part of the multi-phase redevelopment.
• Exceptional Retail PartnerscoreStrategic or Co-development PartnerAlberta has developed consistent successful relationships with desirable retailers who bring life to their spaces and attract patrons. The company focuses on creating the right mix of shops, restaurants, and services.
• The Festival CompaniescoreChannel Partner/ Reseller/ DistributorRetail leasing contact for Maui Mall property in Kahului, Maui, HI - the company's first US property outside the mainland.
• David, Hicks & Lampert Brokerage LLCcoreChannel Partner/ Reseller/ DistributorPrimary retail leasing broker for multiple Alberta properties including Promenade at Castle Rock, Southlands, and Windler.
• Western Retail AdvisorscoreChannel Partner/ Reseller/ DistributorRetail leasing contact for Simi Valley Town Center - (949) 955-0391.
• WalderaScott Real Estate PartnersminorChannel Partner/ Reseller/ DistributorRetail leasing contact for Meadows on the Parkway in Boulder, CO - (303) 780-7777.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vestar Development Company: Vestar is a privately held retail and mixed-use real estate developer operating primarily in the Western United States. Highly comparable to Alberta in its focus on grocery-anchored shopping centers, value-add repositioning, and mixed-use town centers.
• Westwood Financial: Private retail real estate investor and developer focused on grocery-anchored shopping centers in growth markets. Comparable to Alberta's retail leasing, anchor-tenant curation, and Western U.S. footprint.
• Confluent Development: Denver-based real estate developer focused on mixed-use, multifamily, and master planned communities in Colorado and the Western U.S. Directly comparable to Alberta in product mix and Front Range geography.
• The Howard Hughes Corporation: Large-scale master planned community developer (e.g., The Woodlands, Summerlin, Bridgeland). Comparable to Alberta in the master planned residential community segment of the portfolio, though at significantly larger scale.
• Shea Properties: Shea Properties is a Colorado-anchored, family-owned real estate developer with mixed-use, multifamily, and retail projects throughout the Western U.S. Comparable to Alberta in scale, geography, and hybrid residential/retail development approach.

Broad incumbents

• Brixmor Property Group: Public REIT owning and operating open-air shopping centers across the U.S. Overlaps with Alberta's retail portfolio in format (grocery-anchored centers) but Brixmor is a long-term holder/investor, not a developer.
• Trammell Crow Company: Diversified commercial real estate developer across office, industrial, and mixed-use product types. Comparable to Alberta as a large-scale developer, but with a much broader portfolio across multiple property types.
• Kimco Realty: Large public REIT focused on open-air shopping centers with grocery and daily-needs anchors. Comparable in product type to Alberta's neighborhood and community shopping centers, but operates as a long-term investor at scale.
• Regency Centers Corporation: Public REIT focused on grocery-anchored shopping centers nationwide. Comparable to Alberta's retail real estate business in tenant profile and merchandising approach, but operates at much larger scale and as a capital partner/investor rather than a developer.
• Federal Realty Investment Trust: Public REIT specializing in open-air, mixed-use retail and town center destinations. Comparable in product type to Alberta's Streets at SouthGlenn, Southlands, and Promenade assets, but at much larger scale and with an investment rather than development focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/albdevpartners
• Facebookfacebook.com/Alberta-Development-Partners-1474836909473970
• LinkedInlinkedin.com/company/alberta-development-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alberta Development Partners