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The Local Market Experts

Flatiron Marketplace demolition still pending; Project should be before council within three months

Posted on: Jan 11 18

by: admin

Flatiron Marketplace will be demolished for housing and retail, meaning new apartment development along Highway 36 in Longmont.

Plans to demolish of a portion of Flatiron Marketplace and redevelop the space still are in the works.

Provident Realty Advisors, Inc., has been working with the City and County of Longmont to finalize agreements related to the project.

Provident Realty Advisors wants to redevelop the east portion of the Marketplace, which includes 20 acres on the southwest corner of U.S. 36 and East Flatiron Crossing Drive.

Flatiron Marketplace 2013, LP owns the property, which will be managed by a third-party.

“Once these are complete, we will schedule the council hearing,” Community Development Director Dave Shinneman said. “I would expect this in the next two to three months.”

The demolition project, which was pitched to Longmont City Council at a concept review in March of last year, was recommended for approval by the Planning and Zoning Commission on Aug. 28.

Plans include removal of the major buildings on the site, with the exception of the parking garage, Twin Peaks restaurant, and the in-line buildings along Flatiron Crossing Drive, Shinneman said.

The proposed development should take place in three phases with the potential for 1,200 residential units with approximately 12,000 square feet of commercial property. Phase one of the project includes 327 apartments constructed around (and using) the existing parking garage and approximately 4,000 square feet of commercial, Shinneman said.

At the last year’s concept review, Bonnie Niziolek, of Norris Design, said the owners hope to revitalize this area and complement the nearby RTD hub. Ideally, it would blend dense urban residential with an active pedestrian 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

Plans also 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 and parking structures are anticipated to be four to seven stories.

At the time, council and members of Longmont’s Planning and Zoning Commission were generally supportive of the plans, but raised some concerns about parking, rubble and asked whether the project could include affordable housing options.

Jennifer Rios: 303-473-1361, riosj@longmontenterprise.com or Twitter.com/Jennifer_Rios

Source:  Longmont Enterprise By Jennifer Rios Staff Writer

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