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Las Pampas Square Press Release

Author: 
Pampa EDC

Las Pampas Square
Press Release

The Pampa Economic Development Corporation is pleased to announce the purchase of Red Deer Creek Crossing (formerly Coronado Shopping Center) by Las Pampas Square, LLC.

Las Pampas Square, LLC, was formed by Pampa Energy Center to purchase Red Deer Creek Crossing for $1,700,000.00. A loan in the amount of $3,670,000.00 was made with First Bank Southwest to remodel the Square. Pampa Energy Center is wholly owned by the Pampa Economic Development Corporation.

Two new tenants in Las Pampas Square are Enbridge, which has taken the Alco building on the North end of the Square, and Steele’s a department store selling fashion and house wares which has occupied space next to Hastings on the South end of the Square.  The plan is to remodel the Square, attract new business and continue to make the Square attractive and prosperous for the community.

We have hired Open Range Operating and Management to manage the Square. They are associated with the Company that remodeled Enbridge and the Steele’s Store. The new Enbridge offices are state of the art, with a complete remodel of the inside of the building for approximately 60 employees and the potential for 30 more. Open Range has done an excellent job, will work on the facilities as our management team, and will continue to remodel the Square as new tenants are brought in. In the months to come you will see changes at the Square that will upgrade the condition of the buildings and surroundings and increase the appeal to the area.

The Pampa EDC and other Leaders in the Community are excited about the positive things happening in Pampa. Along with Downtown, and the North End of Pampa, the area of Somerville and Hobart are vitally important to overall appearance of the City. With all the new construction around the Square it was important that we make every effort to bring it up to standards being set by our neighbors. This will increase the economy for the City as a whole, bringing in tax dollars from tourism, and a nice place for people from surrounding areas to shop, eat and relax. With the H2O Aquatic Park two blocks north of the Las Pampas Square, the location is ideal for families to come for more than just the day. We are grateful to have the opportunity to see change and growth for the old shopping center that has been with Pampa approximately 50 years, and will work to make it a part of the landscape well into the future.