Developer seeks additional density for Broomfield apartment project

BROOMFIELD — The developer of a planned new apartment community in Broomfield is asking city leaders to approve a measure that would increase the project’s density and allow for more units to be built.

Pivot Development Co., an Indiana-based multifamily residential developer, which has proposed to build the The Lock at Flatiron community near the intersection of Flatiron Boulevard and Interlocken Loop, is set to go before the Broomfield Planning and Zoning Commission Monday evening with a request to amend its planned unit development to raise the permitted number of apartments from about 250 units to 270 units and increase the maximum unit density from 50 dwelling units per acre to 85 dwelling units per acre.

Additionally, the PUD amendment proposes a zoning change that would allow for a stand-alone multifamily housing community as a permitted use and establishes a cash-in-lieu payment of $817,365 to the city for inclusionary housing initiatives. 

The Lock, Pivot’s first community in the Boulder Valley and Northern Colorado regions, is planned to include one-, two- and three-bedroom units in a single structure, according to Broomfield planning documents. 

Apartments will range from roughly 675 square feet to 1,425 square feet. Prices will be from about $1,400 to $3,500 per month.

Amenities will include a fitness center, pool, and rooftop lounge with mountain views.

© 2021 BizWest Media LLC

BROOMFIELD — The developer of a planned new apartment community in Broomfield is asking city leaders to approve a measure that would increase the project’s density and allow for more units to be built.

Pivot Development Co., an Indiana-based multifamily residential developer, which has proposed to build the The Lock at Flatiron community near the intersection of Flatiron Boulevard and Interlocken Loop, is set to go before the Broomfield Planning and Zoning Commission Monday evening with a request to amend its planned unit development to raise the permitted number of apartments from about 250 units to 270 units and increase the maximum unit density from 50 dwelling units per acre to 85 dwelling units per acre.

Additionally, the PUD amendment proposes a zoning change that would allow for a stand-alone multifamily housing community as a permitted use and establishes a cash-in-lieu payment of $817,365 to the city for inclusionary housing initiatives. 

The Lock, Pivot’s first community in the Boulder Valley and Northern Colorado regions, is planned to include one-, two- and three-bedroom units in a single structure, according to Broomfield planning documents. 

Apartments will range from roughly 675 square feet to 1,425 square feet. Prices will be from about $1,400 to $3,500 per month.

Amenities will include a fitness center, pool, and rooftop lounge with mountain views.

© 2021 BizWest Media LLC