Chapel Hills Mall is a 1,159,187 square foot regional mall in Colorado Springs, Colorado, owned by Namdar Realty Group. Opened in 1982, the property has undergone significant transformation over the past decade, shifting from a conventional four-anchor super-regional mall into a mixed-use center that combines retail, entertainment, and residential uses on a single campus.
Colorado Springs is the second-largest city in Colorado, with a trade area that draws from the city’s northern residential corridors, the surrounding El Paso County suburbs, and the military community tied to Fort Carson, Peterson Space Force Base, and the Air Force Academy. The consumer base spans a broad income range with consistent demand across value and mid-market retail, entertainment, and services categories. Chapel Hills serves the northern part of the market, with The Citadel covering the southern corridors under the same Namdar ownership.
Dillard’s, Macy’s, and Dick’s Sporting Goods anchor the retail component. Sears closed in 2019 and its building was subsequently demolished, with the Outlook Briargate residential development of approximately 300 apartments built on the cleared footprint, integrating a residential population directly into the property. JCPenney closed in 2014. AMC Chapel Hills 13 is the primary entertainment anchor, driving consistent evening traffic. Jungle Reef, an interactive aquarium, and Peak Pickleball have filled portions of the vacated retail space, representing the property’s broader shift toward experience-oriented uses that support foot traffic in the absence of traditional fashion anchors.
For brands evaluating Colorado Springs, Chapel Hills is suited to value retail, services, and entertainment formats rather than premium or full-price specialty retail. The adjacent Chapel Hills East corridor, which includes Whole Foods Market, Nordstrom Rack, and Best Buy under separate ownership, serves the higher-income segment of the trade area and operates as a complementary destination for the northern Colorado Springs consumer.
