Coronado Center announces multimillion-dollar renovation

Posted: 2:24 pm Last updated: 4:33 pm

Coronado Center announced a multimillion-dollar renovation Thursday that will include raised ceilings, new paint and tile and upgrades to the Uptown area malls seven entrances.

Center director Randy Sanchez announced the plans during a new conference at the mall at 2 p.m. Thursday.

The upgrade work will be done only at night so the shopping center will conduct business as usual during the day and early evening, Sanchez said.

Ceilings will be raised in the main concourse areas to provide a more airy feeling.

Coronado Center also is in talk with a number of potential new tenants and hopefully they can be announced in coming weeks, Sanchez said.

The renovation of the mall is expected to begin this month and be completed by October of this year.

The mall owned and managed by Chicago-based General Growth Properties has gone almost 20 years without a major upgrade despite facing increasing competition for retailers and shoppers.

Built in 1964, Coronado saw its last significant remodel in 1995 when former owner Heitman Retail Properties spent almost $5 million on mostly cosmetic improvements.

The shopping landscape in Albuquerque has changed significantly since then, including the debut of Cottonwood Mall (1996) on the citys West Side and ABQ Uptown (2006) just down the street.

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Coronado Center announces multimillion-dollar renovation