You may be wondering what's going on with IKEA in Colorado. I know I am. I was in Los Angeles for Thanksgiving this year and visited an IKEA out there and was reminded how nice it is to have high quality, reasonably priced household items within driving distance.
According to this article in the Denver Business Journal
"This is a very complicated project, and will take some time," said Joseph Roth, spokesman for IKEA Group’s U.S. headquarters near Philadelphia. "There’s still no time frame for groundbreaking or opening, but we are committed to the project and moving forward."
Once a construction timetable is fixed, the store will take 18 months to build, according to Roth.
That article is from October 16th, 2009 :(
It goes on:
IKEA is looking for architects, contractors and engineers to finalize plans for the store, Roth said. The retailer already has gotten all the approvals it needs from the City of Centennial and purchased its land.
So, they've got land and financing and approvals - but they're still designing (architects) and need people to build it. Sounds like we won't see this until the summer of 2011 at the earliest and probably later than that.
I wonder if IKEA is holding back on this development due to the economic slowdown. I think that if anything now is a great time for them to expand - their high value/low prices will make them a really compelling alternative to the traditional Colorado retailers.