Indiana firm buys Longmont land for proposed 276-unit apartment complex

LONGMONT — An affiliate of Indiana-based development firm Thompson Thrift closed recently on the $3.45 million purchase of a 23-acre parcel of land near the Harvest Junction shopping center in Longmont where it aims to build a 276-unit apartment complex.

The property sits on the south side of East Ken Pratt Boulevard and borders the parcels on which Sunflower Bank and Panda Express sit at the east end of the shopping center. Denver-based Longmont Quail Road LP sold the land.

Officials for Thompson Thrift couldn’t be reached Wednesday. But plans filed with the city indicate that the complex, dubbed Watermark at Harvest Junction Village, would spread the apartment units among three three-story buildings. Plans also call for a clubhouse, 106 garages and a 1.8-acre pocket park.

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The apartments would include 132 one-bedroom units, 108 two-bedroom units and 36 three-bedroom units. The overall average size of the units is slightly more than 1,000 square feet.

The apartment complex would sit just north of a recently approved neighborhood of 277 single-family homes that stretches south to Quail Road.

Watermark also joins a boom in proposed apartment complexes in the southeast part of town. Developers have proposed a pair of 240-unit complexes — Springs at Sandstone Ranch and Sandstone Vistas — just south of the Super Walmart at Highway 119 and County Line Road.