Paseo Colorado is an outdoor mall covering three city blocks with office space, shops, restaurants, an upscale grocery store, 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 and the Pasadena Convention Center. The mall's anchor retail chain stores are Macy's and a Gelson's supermarket outlet.

The mall opened in September 2001 and was designed by Ehrenkrantz, Eckstut and Kuhn Architects with a view toward the style used by the architect Edward Bennett when he designed Pasadena's Beaux Arts-style Civic Center in 1923. It replaced the older 700,000-square-foot Plaza Pasadena, which was an indoor shopping mall that opened in 1980.