Broomfield, CO – HotelBrokerOne (“HB1”) Denver completed the sale of the land at 460 Flatirons Blvd. in Broomfield, Colorado on June 30, 2021.
Pivot Development Co., an Indiana-based multifamily residential developer, is planning a large, new apartment community near the intersection of Flatiron Boulevard and Interlocken Loop. The complex will be known as The Lock at Flatirons.
Matt Hare, President of Pivot announced permits are in hand for The Lock at Flatirons, which will be Pivot’s inaugural development in Colorado. The project’s 261 units will offer upscale lifestyle features including upgraded fixtures and finishes plus amenities for residents of the 675-1425-square-foot unit mix. Monthly rents will range from $1400 to $3500. Amenities will include a rooftop lounge with the enviable Flatirons vista, fitness center, pool, bike storage and stations and secure access parking. Ground floor retail will include a mix of artisan food and beverage and personal services for The Lock at Flatirons residents and the surrounding community.
“Colorado is a market that we really like,” Hare said. “Even with COVID, there are a lot of good economic drivers. With this location, you have Interlocken [business park], a lot of technology companies, and a number of employers nearby in Boulder.” “We will start construction on this project in coming weeks,” Hare said. The build-out time frame is roughly 24 months.
Jim Nelms, VP/Managing Broker HB1 Denver, represented the Seller. In facilitating the transaction Jim Nelms offered the following observation, “The Lock at Flatirons will be the premiere offering of lifestyle residential space as young professionals seek housing near their work, while offering ready access to popular outdoor recreation venues the Boulder corridor provides as its growth continues."
Contact Jim Nelms with HB1 Denver for more information regarding Colorado properties at 720-344-3300, or by email at email@example.com. Contact Amber Ruiz for all other inquiries at 405-810-1414 or firstname.lastname@example.org.
HotelBrokerOne is a national hotel brokerage firm that has sold over 800 hotels and numerous land lots since inception. For more information go to www.hotelbrokerone.com.