Wood Partners Breaks Ground on 297-Unit Transit-Oriented Multifamily Development in Broomfield
By Gabriel Circiog, Associate Editor
Wood Partners, one of the largest multifamily developers in the country, recently broke ground on a 297-unit apartment community in Broomfield. Located at the southeast corner of Wadsworth Boulevard and 118th Avenue on 13.75 acres, the three-story Alta Harvest Station Apartments is scheduled to be completed in February 2014.
“Our primary goal for this new multifamily community is to serve the nearby Interlocken/Broomfield business hub, where recent job growth has been strong,” said Director Tim McEntee, who handles all Wood Partners’ developments in the Rocky Mountain area. “Alta Harvest Station’s residents will have access to a new pedestrian bridge over the Boulder turnpike, which will provide easy access to the 1STBANK Center and a variety of retail stores, offices and transit options, including the new six-lane 120th overpass, which directly accesses the site.”
The 283,175-square-foot gated community project is being modeled after Wood Partners’ Alta Aspen Grove in Littleton—a 280-unit, garden-style, eco-friendly and transit-oriented community located at 7317 S. Platte River Pkwy. Designed by Dallas-based architect Womack + Hampton, Alta Harvest Station will feature 13 buildings that will house 175 one-bedroom units, 107 two-bedroom units and 15 three-bedroom units. The units will average 940 square feet, and amenities will include a state-of-the-art fitness center, a yoga/serenity room and a business/office center.
The plan also calls for 611 parking spaces, 145 private attached garages and 1.4 acres of public land dedication. A one-acre pocket park will be developed near Wadsworth and 118th Avenue, while other common outdoor areas will include an outdoor fireplace, a resort-style pool, a dog park and wash, a bicycle repair shop and a plaza with seating.
The Alta Harvest Station project is expected to generate around 362 local jobs, $23.46 million in local income and $2.46 million in taxes and other revenue for local governments. Approximately $6.8 million in local income, 95 jobs and $1.17 million in local taxes are expected to be the annually recurring benefits of the project based on National Association of Home Builders estimates.
For more market data on Denver, please click here.
Rendering Courtesy of: www.woodpartners.comTags: Development, Green, leasing, property management