NOVEL Flatiron Crossing Apartments
Location: Flatiron Crossing Shopping District - Generally located south of US 36, west of Interlocken Loop, and east of W. Flatiron Crossing Drive
Applicant: Crescent Communities
Project Type: Mixed-Use including Multi-family Residential with Ground Floor Retail and Park Improvements
Project Description: The proposal is to develop a 3.11-acre parcel within The Village at Flatiron Crossing with one multi-family building featuring 24,632 square feet (SF) of ground-floor retail space and 334 residential units in the form of studio, one-bedroom and two-bedroom for-rent apartments. The proposed building is six stories and encompasses approximately 533,254 SF. The building wraps around a structured parking facility which will accommodate 546 parking spaces to serve the new residents. The proposal includes 24,287 SF of amenity space comprising an interior courtyard and pool. Landscaping is included along the north and west streetscapes. The landscaping shown in other locations in the image below such as to the east will be provided by Macerich, the owner and primary developer of the area. A public park and income-aligned housing units will also be provided as described below.
Update: In late 2023, the developer voluntarily opted to pause their application for development review to pursue design modifications. Broomfield Planning is awaiting a revised submittal from the applicant and will resume the development review process once received.
Potential Key Issues: As part of the development review, the proposed plan will be reviewed for:
- Compliance with electric-vehicle parking and other requirements as set forth in the approved PUD Plan governing the property and
- Adequate park amenities for the new 2.1-acre public park.
Income-Aligned Housing Obligation: This residential developer is required to provide 20% of the residential units on-site as income-aligned rental units at 80% of the area median income (AMI). Based on the initial proposal of 334 rental units, the development will require 67 income-aligned units on site.
Public Park: The primary developer is dedicating a 2.1-acre parcel at the northwest corner of the Flatiron Crossing development for a future park. Crescent Communities, the residential developer, is proposing the improvements planned for the park and would provide the park improvements along with the residential development. The park would be open to the residents at NOVEL and the general public. The park will be near the existing 16.6-acre Frank Varra Park to the northeast bringing the total city-owned parkland in the area to 18.7-acres.
Conformance with the Zoning and Compatibility with Surrounding Uses:
The proposed residential use is consistent with the Flatiron Crossing PUD Plan as amended in October 2021. At this time the applicant has not identified any necessary variances or PUD amendments as part of their application.
Long Range Financial Plan:
The proposal is consistent with land use assumptions established in Broomfield's long-range financial plan.
Project Status:
This project is currently under formal review.
The subject project is part of the proposed Flatiron Crossing Village Redevelopment and is the first phase of residential development.
If approved, the development is expected to be built in 2024 and open in 2025.
To view the full submittal, please visit the document library in the upper right corner.
