Thompson Thrift Opens 336-Unit Colorado Community
The property is subject to a $67.5 million construction loan.
Thompson Thrift has opened Notch66, a 336-unit luxury multifamily community near Boulder, Colo., in the suburb of Longmont. The property is subject to a $67.5 million construction loan from Wells Fargo Bank, according to Yardi Matrix data. Developers started working on the project back in 2022.
The property comprises 10 three-story buildings, which encompass one-, two- and three-bedroom floorplans ranging from 689 to 1,369 square feet. Move-ins started in winter 2023 and the property is currently 30 percent leased.
READ ALSO: How Denver’s One River North Puts Nature at the Forefront
Residences feature in-unit washers and dryers, smart locks, dishwashers and private balconies or patios. Common-area amenities include a swimming pool, fitness center, barbecue area, bocce ball court, dog park, and pet spa.
Located at 2514 Main St., near Ute Highway, the 18.4-acre property is adjacent to a Walmart Supercenter and 3 miles from downtown Longmont. Notch66 is also some 19 miles from Boulder and some 40 miles north of Denver.
Denver development picks up
Currently, Denver’s residential pipeline totals nearly 180 properties representing more than 42,200 units underway, according to Yardi Matrix information. So far in 2024, more than 20 multifamily communities were delivered in the metro, bringing more than 4,500 residences to the market.
Recently Greystar, in partnership with Ivanhoé Cambridge and the Public Sector Pension Investment Board, opened The Dorsey, a 230-unit property in the city’s Five Points District. Construction was financed with a $48 million loan from BMO Bank.
