Wayfair takes shuttered Northfield Macy’s as Life Time eyes JCPenney

Wayfair Denver Rendering scaled

A rendering of the planned Wayfair store in Denver. (Courtesy Wayfair)

Two department stores that closed within The Shops at Northfield aren’t sitting empty for long.

Wayfair, the e-commerce giant, announced Thursday that it will open a 140,000-square-foot store in the former Macy’s within the open-air shopping center in Denver’s Central Park neighborhood.

And plans submitted to Denver indicate Life Time, the high-end gym chain, wants to open in the onetime JCPenney just to the south.

Both department stores closed earlier this year

Wayfair, which specializes in furniture and homegoods, said it expects to open in Northfield in late 2026. 

Denver is the fourth market getting one of the company’s large-format brick-and-mortar stores. The first opened last year north of Chicago. Stores are also in the works in Atlanta and Yonkers, New York.

Wayfair said the two-story Denver store will have 19 departments, from furniture and housewares to appliances, mattresses, florals and decor, as well as dedicated areas for design services. There will also be a cafe.

Customers will be able to take many items home upon purchase, according to Wayfair, while larger items such as sofas and dining sets will be shipped.

Wayfair’s lease is a big win for Los Angeles-based Stockdale Capital Partners, which acquired most of The Shops at Northfield real estate for $71 million in 2022 and bought the Macy’s building from the retailer a year later for $8 million.

“This collaboration is a key step in reimagining the center into a dynamic, pedestrian-focused destination that better serves the Denver Metro area,” Stockdale executive Jeff Bhathal said in a statement about the deal with Wayfair.

In an email, Wayfair spokeswoman Karoline Etter said the shopping center “stood out for its family-friendly atmosphere and central location.” SRS Real Estate Partners’ Erik Christopher, Tami Lord and Tony Pierangeli were the local brokers on the deal.

P1140246

The Macy’s store in 2023. (BusinessDen file)

More changes are in the works at Northfield.

In June, Stockdale got a portion of the Northfield property rezoned to allow for a 1,500-unit apartment project, which would be the first residential component. 

That same month, a site development plan modification document submitted to Denver that same month called for the conversion of the 104,000-square-foot onetime JCPenney into a Life Time health club.

The document shows a dozen indoor pickleball courts and a pool, as well as a cafe and childcare space. Life Time and Stockdale didn’t respond to separate requests for comment on Thursday.

Life Time has nine locations up and running between Boulder and Colorado Springs, according to the company’s website. A 10th is slated to open in Castle Pines next year.

Wayfair Denver Rendering scaled

A rendering of the planned Wayfair store in Denver. (Courtesy Wayfair)

Two department stores that closed within The Shops at Northfield aren’t sitting empty for long.

Wayfair, the e-commerce giant, announced Thursday that it will open a 140,000-square-foot store in the former Macy’s within the open-air shopping center in Denver’s Central Park neighborhood.

And plans submitted to Denver indicate Life Time, the high-end gym chain, wants to open in the onetime JCPenney just to the south.

Both department stores closed earlier this year

Wayfair, which specializes in furniture and homegoods, said it expects to open in Northfield in late 2026. 

Denver is the fourth market getting one of the company’s large-format brick-and-mortar stores. The first opened last year north of Chicago. Stores are also in the works in Atlanta and Yonkers, New York.

Wayfair said the two-story Denver store will have 19 departments, from furniture and housewares to appliances, mattresses, florals and decor, as well as dedicated areas for design services. There will also be a cafe.

Customers will be able to take many items home upon purchase, according to Wayfair, while larger items such as sofas and dining sets will be shipped.

Wayfair’s lease is a big win for Los Angeles-based Stockdale Capital Partners, which acquired most of The Shops at Northfield real estate for $71 million in 2022 and bought the Macy’s building from the retailer a year later for $8 million.

“This collaboration is a key step in reimagining the center into a dynamic, pedestrian-focused destination that better serves the Denver Metro area,” Stockdale executive Jeff Bhathal said in a statement about the deal with Wayfair.

In an email, Wayfair spokeswoman Karoline Etter said the shopping center “stood out for its family-friendly atmosphere and central location.” SRS Real Estate Partners’ Erik Christopher, Tami Lord and Tony Pierangeli were the local brokers on the deal.

P1140246

The Macy’s store in 2023. (BusinessDen file)

More changes are in the works at Northfield.

In June, Stockdale got a portion of the Northfield property rezoned to allow for a 1,500-unit apartment project, which would be the first residential component. 

That same month, a site development plan modification document submitted to Denver that same month called for the conversion of the 104,000-square-foot onetime JCPenney into a Life Time health club.

The document shows a dozen indoor pickleball courts and a pool, as well as a cafe and childcare space. Life Time and Stockdale didn’t respond to separate requests for comment on Thursday.

Life Time has nine locations up and running between Boulder and Colorado Springs, according to the company’s website. A 10th is slated to open in Castle Pines next year.

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