Real Estate & Construction  January 10, 2019

Broomfield approves $210M redevelopment of Flatiron Marketplace

BROOMFIELD — The Broomfield City Council has approved a $210 million redevelopment within the Flatiron Marketplace Lifestyle District.

The Broomfield Enterprise reports that about 20 acres within the district will be redeveloped, with the city council on Jan. 8 approving $33 million in reimbursements to developers. The property is located at the southeast corner of U.S. Highway 36 and East Flatiron Crossing Drive.

Flatiron Marketplace has struggled for years, with large-scale vacancies in the former Best Buy, Great Indoors and Office Depot buildings. The property is owned by Flatiron Marketplace 2013 LP and Broomfield Village Metropolitan District No. 2.

Developers plan to demolish the buildings and construct up to 1,200 multifamily residential units and a limited amount of commercial space.

BROOMFIELD — The Broomfield City Council has approved a $210 million redevelopment within the Flatiron Marketplace Lifestyle District.

The Broomfield Enterprise reports that about 20 acres within the district will be redeveloped, with the city council on Jan. 8 approving $33 million in reimbursements to developers. The property is located at the southeast corner of U.S. Highway 36 and East Flatiron Crossing Drive.

Flatiron Marketplace has struggled for years, with large-scale vacancies in the former Best Buy, Great Indoors and Office Depot buildings. The property is owned by Flatiron Marketplace 2013 LP and Broomfield Village Metropolitan District No. 2.

Developers…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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