Retreat at Broomfield - PUD Plan Text Amendment

Location: 400 Interlocken Crescent (Interlocken Filing No. 14)

Project Type: PUD Plan Text Amendment

Project Description: Hines has submitted an application for a proposed Planned Unit Development (PUD) Plan text amendment to add multi-family residential to the allowed uses for the 6.5 acre parcel of land located at 400 Interlocken Crescent. The requested amendment also includes a requested variance from the Interlocken PUD Plan's minimum parking requirements for multi-family residential uses to establish a project specific parking ratio of 1.5 spaces per unit.

There is no site development plan included as part of this application, should the amendment be approved and the applicant chooses to move forward, a Site Development Plan would be required to be reviewed and processed as a separate application.

To view the full submittal please download the documents linked within the document library.

Applicant: Hines

Conformance with the Zoning and Compatibility with Surrounding Uses:

The property is currently zoned PUD and Interchange Influence Area (IIA). The site is within the Interlocken Advanced Technology Environment PUD Plan, and is governed by the Sixth Amendment to the PUD (approved in 1999). The PUD Plan allows a variety of residential, corporate and professional offices, commercial uses and research and development facilities.

The applicant’s project area is identified in the PUD Plan as being intended to develop as a corporate or professional office, and is not currently approved for residential uses. As such, the applicant's proposed residential development is not currently consistent with the underlying zoning. Should the applicant's requested amendment be approved, a multi-family residential development would then be consistent with the zoning.

The property is located internal to the Interlocken PUD, and all of the surrounding properties are also part of the same PUD area. To the north of the site is a portion of the Interlocken golf course and the Omni Interlocken Resort. To the east of the project site is Vail Resorts. To the south is an office building occupied by Webroot. To the southwest is Central Park, a large public space within Interlocken which includes walking trails around a large pond. To the west of the site is an existing multi-family residential development currently marketed as Fusion 355.

Long Range Financial Plan:
The proposal is not consistent with the assumptions in the Long Range Financial Plan. The assumption for this parcel was that it would develop as a professional or corporate office. The proposal is anticipated to reduce the expenditures to revenues ratio in the Long Range Financial Plan and reduce the projected annual revenue at build out.

Neighborhood Meeting:
The applicant held a publicly noticed neighborhood meeting on March 1, 2021. Two residents/property owners attended the meeting and asked the applicant questions about their development proposal, and shared thoughts and concerns. The applicant has provided a summary of this meeting which is included in the document library.

Potential Key Issues for Discussion:

• PUD Amendment and Impact to LRFP- This development proposal is not consistent with the current Interlocken PUD Plan, and requires an amendment to add multi-family residential and townhomes as allowed uses for this lot. This amendment will also result in a negative impact on the LRFP reducing the revenues to expenditures ratio and the projected annual revenue at buildout.

• Parking Variance - The applicant is currently requesting a variance to establish a custom parking ratio for this development.
  
  

  Project Status: Approved