Arista Development in Broomfield Gathers Pace as KB Home Builds New Energy-Efficient Community
- Oct 24, 2012
The master-planned transit-oriented Arista development in Broomfield is making a comeback after coming to a standstill during the economic downturn, The Denver Post reports. Bounded by Wadsworth Boulevard, Interlocken Loop, U.S. 36 and Uptown Avenue, the 200-acre development is owned and developed by Wiens Real Estate Ventures LLC.
Developer Tim Wiens started assembling land for the development in 2002, and in 2005 construction was underway. One year later, the Broomfield Event Center—now called 1st Bank Center—opened. Yet just as the construction of office buildings and apartments started, the recession hit, bringing all activities to a standstill in 2009. All the deals in progress were cancelled, and the first signs of a comeback weren’t noticed until 2011.
This year, however, the development has gathered some pace. In June, Mrs. Fields Famous Brands relocated its corporate headquarters from Salt Lake City to an office building at Arista, and in July, the Children’s Hospital Colorado opened a $4.2 million, 20,000-square-foot therapy center.
As previously reported on this page, Denver-based Smith/Jones Partners LLC completed the first three-story apartment building out of eight planned at the Arista Uptown Apartments earlier this year. Designed by KTGY Group Inc., the apartment community will feature a total of 272 units. The new additions join the Aloft Hotel and numerous restaurants and shops in the Arista Place town center.
KB Home is the latest company to join the growing development. The Los Angeles-based homebuilding company is constructing a new community of energy-efficient paired homes. The two-story houses will vary in size from 1,366 square feet to 1,682 square feet.
Rendering Courtesy of: www.kbhome.com