Fall Real Estate Conference 2013 - Shinneman

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SPOTLIGHT ON BROOMFIELD 2013

Dave ShinnemanCommunity Development

Director

City and County of Broomfield

BROOMFIELD AND SURROUNDING AREA

BROOMFIELD AT A GLANCE

• 58,751 Residents (Sept 2013)

• 33.6 Square Miles• 15,316 Completed SF Units (Sept 2013)

• 8,874 Completed MF Units (Sept 2013)

• 72 Percent of Housing Units Owner Occupied*• $270,500 Median Owned Housing Value*• 94 Percent of Housing Built Since 1960*• $76,531 Median Household Income*• Lowest Crime Rate in history – 43% clearance

rate for serious crimes (over twice the national acreage of 20%)

*US Census Bureau, 2007-2011 American Fact Finder, Community Facts

COMMERCIAL

• Est. 15,003,655 Square Feet of Commercial Space (Retail and Non-Retail)

• 3,898,201 Square Feet of Commercial in Interlocken

• 2,010,407 Square Feet of Retail in FlatIrons Crossing District

NORTH AREA LIFT STATION

• Major regional sewer lift station is under construction; will be completed by November 2013

• Northwest corner of I-25 and SH 7

HHS BUILDING

• Site has been selected; design to start late 2013

DILLON ROAD/144TH AVENUE

• Regional travel corridor• Intersection improvements at S. 120th Street recently completed

(eastbound left-turn lane and westbound right-turn lane)• Future intersection capacity improvements (auxiliary through

lanes) are proposed at Sheridan Boulevard, Aspen Street, and S. 120th Street. Design funding is proposed in the 2014 CIP budget and construction in the 2015 budget

US 36 EXPRESS LANES PROJECT

• Express lane in each direction of US 36 for Bus Rapid Transit (BRT), High Occupancy Vehicles (HOV) and tolled Single Occupancy Vehicles (SOV)

• New Wadsworth Parkway and Uptown Avenue bridges are open

• Separate commuter bikeway along much of the corridor

• Phase 1 complete from Pecos to 88th Bridge west of Flatiron Interchanges in January 2015

• Phase 2 to Foothills Parkway complete in January 2016

120TH AVENUE CONNECTION

• Provides a direct connection from Interlocken to US 287/120th Avenue

• First phases completed in 2010• Construction of final phase underway in

2014• Project has been delayed due to issues

with BNSF Railroad

120TH AVENUE CONNECTION

120TH AVENUE CONNECTION FINAL PHASE

• Utility relocation is underway. Property acquisition is being finalized

• Project expected to bid in mid 2014• Brainard Drive Relocation needs to begin prior to start of 120th

Avenue Connection for smaller-span (two track) bridge

UPTOWN BRIDGE

RESIDENTIAL – NORTHSTATE HIGHWAY 7

State Highway 7 - Ten residential development projects around the SH 7 and I-25 intersection

PALISADE PARK

•Located NW of SH 7 and Huron Street•155–Acre Mixed–Use with Residential and Commercial•Site currently includes Childrens Hospital and a Federal Records Building•Zoned for:

o Proposed 361 units (161 SF and 200 MF)o 1.5 Million SF of commercialo Current Proposal Pending for 161 SF and 186 MF

HIGHLANDS (D.R. HORTON)

Located NE of SH 7 and Sheridan Parkway (East of Vista Ridge in Erie)• 145-Acre Mixed–Use

Development with Residential and Commercial• Site Development Plan

under review for 210 SF lots.

NORTHLANDS

• NW corner of I-25 and SH 7• 132-Acre Retail Center • Zoned for up to 2.6 Million SF of

Commercial• 1st Phase – 525 Proposed MF Units

ANTHEM FILING NO. 15(STANDARD PACIFIC AND RYLAND)

• Anthem Subdivision, south of SH 7 and west of Sheridan Pkwy

• 172 lots – Standard Pacific, Ryland Homes• Approximately 48.4 acres

ANTHEM FILING NO. 21(STANDARD PACIFIC AND RICHMOND)

• Anthem Subdivision, south of SH 7 and west of Sheridan Pkwy

• 265 lots – Standard Pacific, Richmond Homes• Approximately 106.2 acres

ANTHEM FILING NO. 22(TOLL BROTHERS)

• Anthem Subdivision, south of SH 7 and west of Sheridan Pkwy

• 387 lots – Toll Brothers• Approximately 150 acres

SILVERLEAF(TAYLOR MORRISON)

• West side of Lowell Boulevard, north of W. 149th Court• 71 single-family homes• 30 acres

RESIDENTIAL - SOUTH

AVENUE 120TH APARTMENTS(WASATCH GROUP)

• NW of 120th Avenue and Lowell Boulevard • Approved Mixed-Use / Commercial Corridor• First Recent Residential Project Along Corridor• 144 Proposed MF Units

HARVEST STATION(WOOD PARTNERS)

• Located at Wadsworth Blvd & W. 118th Ave (NE of US 36)

• Zoned for 516 units• First Phase Approval – 297

units by Wood Harvest Station, LLC

• Future Phase with Commercial and Residential

Nort

h

ARISTA

• A Mixed-Use Transit-Oriented Project Adjacent to US 36• Zoned for 2,583,000 SF of Retail Commercial• Variety of Residential types

o Zoned for 2,250 Unitso 1,017 Units Approved

682 Units Completed203 Units Under Construction

ARISTA – UPTOWN APARTMENTS(SMITH AND JONES PARTNERS)

Uptown Apartments - By Smith and Jones Partners • 272 units (Completed in 2013)

ARISTA – VENUE(CENTURY COMMUNITIES)

• Venue - By Century Communities• 121 units

ARISTA – KB HOMES

KB Homes • 62 Paired Homes

ARISTA – AMLI APARTMENTS

AMLI Apartments• 168 MF Units

North

DRY CREEK VALLEY BUSINESS CENTER(THE WOLFF)

• 360 Apartment units• 13.59 Acres• South of Arista along Uptown Avenue

PARKWAY CIRCLE

• A Mixed-Use Project Adjacent to US 36 and the Northwest Parkway

• 1 Million SF of Commercial Plannedo 94,047 SF Completed for Hyatt House Hotel

• Approved for 648 MF Residential Unitso 551 Units Completed

BROOMFIELD BUSINESS CENTER(ALLIED REALTY)

• Located SE of the Northwest Parkway and Via Varra

• Future Mixed-Use Development – Commercial, Office, Retail

• Zoned for 500 Units• Phase 1 - 374 MF Units

Approved – Under Construction

INTERLOCKEN

• Broomfield’s Premier Office Park includes 3 Residential Developments

• Two Projects by Camden and One by AMLI totaling 1,107 MF Units

INTERLOCKEN – CAMDEN FLATIRONS

• NE of Interlocken Blvd and Interlocken Loop• 424 Approved Units – Under Construction

INTERLOCKEN - AMLI

• 343 Approved Units – Under Construction

ROCKVUE (CARMEL)

• Located SW of Coalton Rd and Summit Blvd (SW of FlatIrons Crossing)

• Situated near the west end of MidCities Mixed-Use Development

• 1,201 MF Units Approved in MidCities Planed Unit Development

• 706 Completed MF Units• 220 MF Units under construction

SUMMIT GREEN(BRINKMAN DEVELOPMENT)

• Located SW of Coalton Rd and Summit Blvd (SW of FlatIrons Crossing)

• Situated near the west end of MidCities Mixed-Use Development

• 200 MF Units Zoned and SDP Approved• No Construction as of September 2013

COTTAGES AT WILLOW PARK(CENTURY COMMUNITIES)

• Southeast corner of Midway Boulevard and Sheridan Boulevard

• 31 single-family patio homes• Approximately seven acres• Under construction

THE ENCLAVE AT MCKAY SHORES(TOLL BROTHERS)

• Lambertson Farms Subdivision, NW corner of W. 136th Avenue and Kalamath Street

• 109 single-family homes• 36.47 acres

THE PRESERVE AT MCKAY SHORES(TOLL BROTHERS)

• Lambertson Farms Subdivision, NW corner of W. 136th Avenue and Huron Street

• 123 single-family homes• 72 acres

SKYESTONE PHASE 1 & 2(TAYLOR MORRISON)

• Great Western Park Subdivision, north of Skyestone Parkway, ½ mile west of Simms Street

• 125 age-restricted single-family homes as the first phase of a 432-lot subdivision

• 36.4 acres• 11,750 sq. ft. clubhouse

SENIOR HOUSING

AZURA MEMORY CARE

• Westlake Manor Subdivision , 13005 Lowell Boulevard, south of Paul Derda Recreation Center

• Memory care facility built around Westlake School House on 2.315 acres

• 52-bed memory care facility, 26,000 sq. ft. in additional to Westlake School House

THE LEGEND AT BROOMFIELD

• Mountain Terrace Subdivision, SE of Midway Boulevard and Lowell Boulevard

• Assisted Living and Memory Care

• 72 assisted living units, 18 memory care units, and 32 independent living duplex cottages

• Approximately 10.8 acres

5900 W 120th AVENUE

• Located in unincorporated Jefferson County, being serviced by Broomfield utilities

• South of W. 120th Avenue, east of Greenway Park and west of Broomfield Banking Center Subdivision

• Memory care facility and apartments for seniors on 2.5 acres• 72-bed, memory care building• 2 lots available for commercial

BROOMFIELD BUILDING PERMITS 1990-2013

COMMERCIAL DEVELOPMENT MAP

FLATIRON DISTRICT

• 2.1 Million Square Feet of Retail• Home to FlatIron Crossing-Super

Regional Mall• Top-notch Shopping, Dining

Entertainment District

ARISTA

• Transit Oriented Development

• 200 + Acres of Opportunity

• Ability to deliver over 2.6 million square feet of commercial development

120TH CENTRAL

• 2-mile central thoroughfare• Over 200 independent and

national retailers• Population of more than 300,000

within a five-mile radius

120TH CENTRAL

BROOMFIELD INDUSTRIAL AREA

• Over 4.8 million square feet of space• New and redevelopment opportunities• Easy access to major transportation

corridors

BROOMFIELD INDUSTRIAL AREA• Friends Building• Issued Sq. Ft. 15,126

BROOMFIELD AT 7

• Brand new retail and mixed-use corridor

• 90,000 consumers within 5-miles and growing

• Regional connector for north metro communities

• 6,205 Residential

NORTH PARK• 935 Acres located SW of I-25 and SH 7• Owned by McWhinney Group• Planned for High Quality Mixed-Use Development• Zoned for:

o Up 6,000 MF residences possibleo 17 Million SF of commercial developmento To include a future town center

NORTH GATEWAY REGIONAL TECHNOLOGICAL CENTER

• Six mixed-use developments planned in the area• 257 Land, Northlands, Palisade Park, Seven 25, Highlands

and Northpark• Over 30 million square feet of development opportunities

257 LAND

• 500-Acre Site Located NE of I-25 and E 168th Ave

• Future Mixed-Use Development with Mix of Residential, Commercial, Office

• Zoned for 2,700 unitso 1,200 SFD unitso 1,500 MF units

QUESTION AND ANSWERS