LONGMONT — Burden Inc. will have a groundbreaking ceremony on Tuesday, Nov. 13, for Roosevelt Park Apartments, a mixed-use development in Longmont.
The $21 million 115-unit development is slated to open in fall 2013.
The complex will be located on the northwest corner of the intersection of Main Street and Longs Peak Avenue. It is east of Roosevelt Park and a regional/local RTD Park ’N Ride.
“We would like to thank the city of Longmont, and the Longmont Downtown Development Authority as this exciting groundbreaking would not be taking place without their collaboration and ongoing support,” said Cotton Burden, president of Burden Inc.
Burden Inc. has received substantial financial support from Longmont for the Roosevelt Park Apartments. The company will spend about $16 million to develop the project. The Longmont Downtown Development Authority has committed $3.5 million, and the city of Longmont $1.4 million.
The four-story apartment complex will be the first high-end, mixed-use development along Longmont’s Main Street corridor.
It will feature more than 197,000 square feet of space that will include a landscaped interior courtyard, a pool with a shallow lounger area, an outdoor see-through fireplace gathering area, a private fitness center, a coffee bar, an all-season dog and bicycle washing station, and multiple telecommunications/data service offerings. The project also will include commercial space for restaurants and retail space.
“The Longmont Downtown Development Authority Board is excited about the possibilities this mixed use development will bring into the downtown footprint,” said Bill Sawyers, board president. “It fulfills 15 of the 29 goals in our master plan of development for downtown, by increasing residents, parking and retail space, as well as coincides with our arts and entertainment plan. It brings a destination to the north gateway of downtown, bookending nicely with the south gateway, recently anchored by Cheese Importers.”
In addition to the amenities for its residents the Roosevelt Park Apartments will also bring to the downtown area, in cooperation with the LDDA, three artist studios and 215 parking spaces.
