Paseo Colorado, also called Paseo, is an upscale outdoor mall in Pasadena, California, covering three city blocks with office space, shops, restaurants, a movie theater, and 400 loft-style condominiums (called Terrace Apartment Homes) above.
It is located in downtown Pasadena between Colorado Boulevard to the north and Green Street to the south. Paseo Colorado is just east of and connected by a pedestrian bridge, the Garfield Promenade, to Old Town Pasadena, and west of the center of downtown. The mall is located across Green Street from the Pasadena Civic Auditorium in the Pasadena Conference Center. As of 2014, the mall is currently without an anchor retail chain stores since both Macy's and a Gelson's supermarket outlet had closed in 2013.
The site was originally occupied by a shopping mall called Plaza Pasadena, which opened in 1980 and featured three anchor stores: J.C. Penney, The Broadway, and May Company California. It was built by The Hahn Company at a cost of $115 million on an 11 acre site and had featured 122 stores. May Company closed its store there in 1989, and the space was divided among smaller stores.
Paseo Colorado opened in September 2001, retaining the Macy's store from the original development and added a supermarket and movie theater complex. Two years later, the outdoor center was sold to Developers Diversified Realty Corp. for $114 million.
In March 2013, Gelson's announced that they would close their store at Paseo Colorado on July 21, 2013. This store had been at this location since Paseo Colorado was first opened 13 years ago.
By late 2014, the mall was in the process of obtaining the necessary local governmental licenses to replace the vacant Macy's Department Store with a Hyatt Place hotel and mixed-use condominium complex.
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- Gold, Lauren (December 2, 2014). "Plans for Hyatt Place hotel at Paseo Colorado in Pasadena move forward". Pasadena Star-News.