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Flatiron Marketplace to be renewed

Posted on: Apr 5 17

by: admin

By Jennifer Rios / Staff Writer / Daily Camera 03/22/2017

The mostly-vacant Flatiron Marketplace is set to be demolished, with new residential and retail constructed in its place. (File Photo)
Owners who have long seen a portion of Flatiron Marketplace sit empty are planning to demolish buildings and redevelop the space.

Provident Realty Advisor, Inc. is proposing the redevelopment for the east portion of the marketplace, which includes 20 acres on the southwest corner of U.S. 36 and East Flatiron Crossing Drive. Buildings along East Flatiron Crossing Drive, including a Starbucks, Twin Peaks restaurant, a dental office and Fidelity Investments, will remain where they are.

The project was one of five concept reviews Broomfield City Council listened to Tuesday evening. Flatiron Marketplace 2013, LP owns the property, which will be managed by a third-party.

Bonnie Niziolek, of Norris Design, said the owners hope to revitalize this area and compliment the nearby RTD hub. Ideally, it would blend dense urban residential with an active pedestrian space.

They expect to add about 12,000 square feet of commercial space and build up to 1,200 apartments so that residents can help support those businesses.

Phase one would include adding 324 residential units and about 4,000 square feet of commercial space.

An existing parking structure would serve both businesses and apartments. Developers of the three-phase project would make plans on future expansions based on how the first phase works.

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Plans include a dog park on the south side of the parking structure, three internal courtyards, a pool, outdoor kitchen, sports courts, and an area to host farmers markets and community events, she said.

Buildings/parking structures are anticipated to be four to seven stories.

The U.S. 36 bikeway also would be incorporated into the space.

“We are continuing to move forward with the first phase of design and greatly appreciate any comments you may have,” Niziolek told council.

Council and members of Broomfield’s Planning and Zoning Commission were generally supportive of the plans.

“It’s a good development project,” commissioner Chuck Hastings said.

His concern was primarily parking — especially considering the area was intended to draw people with concerts and street fairs. If they intend it to be a cultural area, the owners need to have adequate parking.

Commissioner Tom Silvers also brought up the logistics of demolition — questioning whether construction be done immediately after or would rubble sit around for months.

The company plans to demolish the buildings this summer.

It will be a complex project, and Silvers said the commission likely will review plenty of variances, but Silvers said he was glad they selected Broomfield for the project.

Commissioner Susan Barkman said she’s been waiting to see what would happen to that space, and since stores have sat vacant for as long as they have, she’s glad there are plans to remodel the area.

Barkman said the project reminded her about the Civic Center brainstorming plans she was a part of, and she can see aspects of this plan in their discussions.

“I’m surprised and happy to see that,” she said. “It’s a unique opportunity to create something that’s really amazing and we don’t really have in Broomfield.”

Several council members asked about the possibility of adding some affordable housing options or condos. Other suggestions and questions revolved around parking and the placement of the bike path.

“I love, love, love the forward-thinking proposal of the dog park,” Councilwoman Bette Erickson said. “Thank you for that.”

She also asked about assigned parking for apartment units and asked the companies to be mindful of schools in the area if they were targeting families.

Councilman Kevin Kreeger was also impressed with the concept and felt that this type of development could help the mall itself.

Access points to the area will remain the same — the main one from Flatiron Crossing Drive and Flatiron Marketplace Drive. The third is the connection to the entrance to the Auto Owners Insurance Co. building east of the development.

The next step is for the applicant to file a formal development application for a PUD amendment, final plat, site development plan amendment and subdivision improvement agreement for the first phase.

The greater Flatiron Crossing shopping district, which includes the Marketplace, has been a major source of sales tax revenue for Broomfield.

Broomfield Commercial Real Estate provides commercial real state sales & Leasing to established businesses, to start ups, to property owners and to investors in the greater Broomfield Colorado area

Contacts

Broomfield Commercial Real Estate Brokerage: Summit Commercial Brokers, 325 Interlocken Parkway Building A #105, Broomfield CO 80021

Broomfield Commercial Real Estate
325 Interlocken Parkway Building A #105,
Broomfield CO 80021
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