Ikea to open smaller store in Fort Collins, sells Broomfield site to UCHealth

The Swedish retailer is abandoning plans for a larger store in Broomfield and instead will open a 64,000-square-foot location in Front Range Village.

Published on Feb. 19, 2026

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Ikea has announced plans to open a 64,000-square-foot store in Fort Collins, a smaller version of its typical big-box locations. The retailer is also selling the 110-acre site it had purchased in Broomfield for $11.25 million in 2016 to UCHealth for $50 million, where the health system plans to build a new hospital campus.

Why it matters

Ikea's decision to open a smaller store in Fort Collins and exit its Broomfield plans reflects the company's strategy to adapt to changing retail trends, focusing on more compact formats in urban areas. The sale of the Broomfield site to UCHealth will also bring a major new hospital development to that community, providing jobs and economic activity.

The details

The new Fort Collins Ikea store will be located at 4250 Corbett Drive in the Front Range Village shopping center, occupying a space previously used by an Urban Air trampoline park. The 64,000-square-foot store will have space for 3,200 items, including the retailer's signature furniture and household goods as well as its food offerings like Swedish meatballs. This is a smaller format compared to Ikea's 415,000-square-foot Centennial store opened in 2011. Meanwhile, Ikea has sold the 110-acre Broomfield site it purchased in 2016 for $11.25 million to UCHealth for $50 million. UCHealth plans to build a 330,000-square-foot hospital and a 140,000-square-foot medical office building on the property, which could reach up to 140 feet in height.

  • Ikea purchased the 110-acre Broomfield site in 2016 for $11.25 million.
  • On February 17, 2026, Ikea announced it was selling the Broomfield site to UCHealth for $50 million.
  • Ikea plans to open the new 64,000-square-foot Fort Collins store, but has not provided an exact timeline.

The players

Ikea

A Swedish retailer that designs and sells ready-to-assemble furniture, household goods, and food items. Ikea is headquartered in Conshohocken, Pennsylvania and reported $5.3 billion in total sales in fiscal year 2025.

UCHealth

A nonprofit health system that is purchasing the former Ikea site in Broomfield to build a new 330,000-square-foot hospital and 140,000-square-foot medical office building.

Emily Francis

The mayor of Fort Collins, who was surprised by Ikea's announcement to open a store in her city.

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What they’re saying

“I didn't know a thing about it. But then they're moving into an existing building that already had retail as a permitted use, so it wouldn't have needed to come to City Council or our planning commission.”

— Emily Francis, Mayor of Fort Collins (BizWest)

“I think hopefully it breathes new life into Front Range Village.”

— Emily Francis, Mayor of Fort Collins (BizWest)

What’s next

Broomfield City Council is scheduled to hold a concept review hearing on UCHealth's proposal for the former Ikea site during its meeting on Tuesday evening.

The takeaway

Ikea's decision to open a smaller store format in Fort Collins and exit its Broomfield plans reflects the company's strategy to adapt to changing retail trends, focusing on more compact urban locations. Meanwhile, the sale of the Broomfield site to UCHealth will bring a major new hospital development to that community, providing jobs and economic activity.