Etkin Johnson Group Breaks Ground on First Phase of 74-Acre Mixed-Use Project
By Gabriel Circiog, Associate Editor
Etkin Johnson Group recently broke ground on the first phase of the Broomfield Business Center development, The Denver Post reports. The 74.31-acre mixed-use project, located in the bedroom community of Broomfield northeast of FlatIron Crossing mall, offers direct access to U.S. 36 and the Northwest Parkway. The first components of the development include a luxury apartment community and Del Corso Park—a 4.5-acre parcel that will be dedicated to the city of Broomfield.
The apartment community, dubbed as Retreat at the Flatirons, will feature 374 units and various amenities including a fitness center, yoga center, saunas, billiard room, internet café, outdoor grilling station, 25-meter lap pool, dog wash facility and bike repair shop. Monthly rents are expected to range from $1,000 to $2,235.
Aaron Johnson, vice president of investments at Etkin Johnson, said the first building will be available for leasing in July 2013, while the overall construction is estimated to take around 22 months. The $80 million first phase will also include construction of infrastructure for the balance of 51 acres.
Future phases will include banks, restaurants, single and multi-story office space, parking structures, and a hotel. The entire development is projected to be completed within five years. Upon completion, the community will showcase over 1.5 million square feet.
Bounded on the north and west by Northwest Parkway and on the east by Burlington Northern Santa Fe railroad tracks, the business center is one of the biggest projects Etkin Johnson has undertaken. The Denver-based development, investment, ownership and management company has a portfolio featuring over 6 million square feet of office, retail, hotel and industrial holdings nationwide, valued at over $500 million.
The company is building a 212-room Marriott Hotel at Church Ranch Corporate Center and also owns property at Westmoor Technology Park and at the Colorado Technology Center in Louisville.
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Image Courtesy of: www.broomfieldbusinesscenter.comTags: Development, leasing, luxury, mixed-use, operations, property management, retail