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Parkway Circle
(NEC US 36 Boulder Turnpike & Interlocken Loop)

This is a 48.36 acre mixed-use project that will include hotels, restaurants, banks, fast-food and residential development. Parkway Circle is east of the 432 acre former Storage Technology/Sun Microsystems site that was just purchased by ConocoPhillips for $55.6 million. The Houston-based company will tear down most of the buildings and build a global training center and global technology center. The technology center will be a hub for research and development of renewable energy and carbon-fuels recovery. The number of permanent employees is not known, but the training center will attract thousands of employees annually. Construction is expected to begin in 2009 and completed in 2011 or 2012.

· Vantage Point, a 351-unit residential community on 13.4 acres; currently 160 lofts under construction and/or completed and 100 town homes under construction and/or completed with 90 yet to be built. Approximately 100 homes have been sold to date.

Contact Matthew McNeill (303) 949-9889, Kentwood City Properties

· Terracina mixed use on 9.75 acres. PUD approved on 06/12/07 for 376 apartment units and 40,250 square feet of retail space. Construction currently underway with completion in early 2009.

· Catania Apartments, Concept Review on 07/24/07 reviewed a request for 297 apartments on 9 acres located east of 96^th Street and northwest of Via Varra.  Construction currently underway with completion in early 2009. 

· Hyatt Summerfield Suites, City Council approved PUD on 02/26/08 for a 94,784 square foot, 123 unit 4-story hotel on 2.9 acres of 19.46 acre site. Construction has begun and estimated completion date is early 2009. Total cost of project is $11,677,000

· Cambria Suites, City Council approved PUD on 02/26/08 for 86,140 square foot, 129 unit 4-story hotel on 2.9 acres of 19.46 acre site. Construction has begun and estimated completion date is early 2009. Total cost of project is $10,700,000.

· The Overlook District (96^th Street, Northwest Parkway and US 36-divided by Via Varra)

· Flatirons Central Retail Development
Concept Review considered on 01/29/08 for 15.5 acre site of 98,667 square feet mixed-use project consisting of four retail buildings, four sit-down restaurants, a drive-through convenience food/beverage service and a bank/office building. Estimated cost of project is $20,000,000.

Contact-Michael Lapporte (303) 694-6082, David/Hicks & Lampert Retail Brokerage, LLC

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Broomfield Business Center
(96^th Street/South Northwest Parkway)

This is a 74.31 acre mixed-use employment center with potential uses for office, industrial, retail and residential development. Broomfield Business Center is northeast of the 432 acre former Storage Technology/Sun Microsystems site that was just purchased by ConocoPhillips for $55.6 million. The Houston-based company will tear down most of the buildings and build a global training center and global technology center. The technology center will be a hub for research and development of renewable energy and carbon-fuels recovery. The number of permanent employees is not known, but the training center will attract thousands of employees annually. Construction is expected to begin in 2009 and completed in 2011 or 2012.

· BroomfieldBusiness CenterApartments. City Council at Concept Review on 12/04/07 considered multi-family project on 21.2 acres of 53.7 acre site. Project would include 374 acre dwelling units in 20 apartment buildings, 21 garage buildings and a clubhouse.  Land Use Review Commission is scheduled on 08/12/08 and City Council consideration on 09/09/08.  The estimated value of the project is $56 million

Contact Jim Vasbinder (303) 223-2185 or Barbara Myers (303) 223-0496, Etkin Johnson Group

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Vista Point Business and Industrial Park
(SWC of 119th Avenue and Main Street)

Land Use Review Commission considered on 06/09/08 a 22.461 acre site for development of general business and light industrial business park.  The estimated project valuation for land and new construction is $3.3 million.  City Council final hearing is scheduled for 08/12/08.

Contact-Tim Schafer, (303) 469-7367, S & S Development Group

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120^th Avenue Connection

CDOT in partnership with the City and County of Broomfield plan to construct the 120^th Avenue Connection across US 36 between the intersection of 120^th Avenue (SH 128) and Wadsworth Parkway (SH 121) on the west and 120^th Avenue (SH 128/US287) on the east. The purpose of the 120^th Avenue Connection is to accommodate existing and forecasted east-west through traffic, reduce out of direction travel, and alleviate congestion.

The project improvements are scheduled to be completed in three phases.

Phase One constructs a new roadway through Arista and the bridge structure over US 36 tying into Wadsworth Boulevard on the north side of US 36.

· Funding is in place to design and construct this phase. A contract is in place between CDOT and Broomfield for preliminary design of all phases, and right of way acquisition necessary for Phase I, and work is underway. A second contract will be put in place in the first quarter of 2008 to facilitate the Design-Build of Phase I.

· CDOT expects to release the RFP for Design-Build in the Spring of 08, with construction complete in 2010.

· RTD is working concurrently to complete bus-only slip ramps adjacent to the Broomfield Event Center, along with a pedestrian bridge and anticipates bus service to be operational in 2010.

Phase Two construction continues the 120^th Avenue improvements under the BNSF railroad and completing the “connection” at 120^th Avenue and Teller Street.

· Partial funding is in place for ROW acquisition. Broomfield is pursuing federal funding in partnership with CDOT for completion of Phase II.

· It is anticipated that the design and construction of Phase II will take approximately three years. The anticipated schedule is begin in 2010 with completion in 2012, but as noted, this is subject to assembling the funding needed.

Phase Three completes the local road system facilitating north/south travel through Original Broomfield. A portion of Phase III is proposed to be included in Phase I work to maximize “best value” of the design-build contract. The timing for the improvements not included in Phase I has not been determined and is subject to funding.

RTD is responsible for a key project that is inter-related to the completion of the 120^th Avenue Connection. The construction of transit improvements which support the use of the Event Center parking structure as a regional park n Ride must be completed prior to the closure of the existing Broomfield park n Ride. The first phase of the 120^th Avenue Connection runs right through the existing park n Ride to connect to State Highway 128 (the location of recently completed intersection improvements).

RTD constructed improvements include bus-only slip ramps from US 36, allowing regional buses quick on and off access, a pedestrian bridge linking the two sides of US 36, and a bus turnaround adjacent to parking structure facilitating local bus service to Arista and connections to regional bus service.

· The RTD improvements are funded. The improvements are scheduled to be completed in January 2010 to coordinate with the 120^th Avenue Connection improvements.

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Assisted Living Projects

The City and County of Broomfield has had a goal in recent years to attract new assisted living/senior housing projects. To date, there have been two projects approved and currently under construction, with three others in the planning phase. See below for information.

· Highland Trail at northeast corner of 136^th & Sheridan, an 86-unit assisted care/130 independent living project approved by City Council 10/24/06. Construction has started with first building to be completed by early 2009.

Contact-Holiday Retirement Corporation, (503) 370-7071

· The Stratford at FlatIrons, this is a 230,000 sq. ft. facility with 130 independent living units and 30 assisted living units and 40 memory care units located on 6.83 acres. City Council approved the plans 01/09/07. Construction began in the fall 2007 and will open by May2009. Project located between Wal-Mart Supercenter and Lakeshore Athletic Club in MainStreet at FlatIron. Total cost of project is $70 million.

Contact-Jennifer Henkel, Executive Director (303) 466-2422, The Stratford at FlatIrons, a Sunrise Senior Living Community

· Great Western Park Active Adult Community, this is a continuum of care facility on a 110-acre campus featuring approximately 1,400 units. Good Samaritan Society will provide nursing care, independent and assisted living plans. Land Use Review Commission will review project on 08/12/08 and City Council final consideration is scheduled on 09/09/08. Construction planned to begin in late 2008 with completion and opening planned for late 2009.

Contact-Charlie McKay, (303) 469-1873, Church Ranch.

· Mountain Terrace, a 90-unit assisted living and memory care building and 26 senior living cottages on 18.19 acres at the southeast corner of Lowell and Midway was approved by City Council on 07/24/07. This is part of a three-phase senior complex to be built on the 20 acre site and construction will begin late fall 2008.

Contact–Cliff McKissack, (303) 431-1921, JCM Development

· CroftonPark, a 62 unit independent apartment unit/18 single family homes project approved by City Council in 2000.

Contact-Len McBroom, The McBroom Company, (303) 893-6655

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Broomfield Vacancy Rates-July 2008

Office	9.57%	558,632 sq. ft.
Retail	6.16%	274,704 sq. ft.
Industrial	6.67%	326,795 sq. ft.
Total	7.63%	1,160,131 sq. ft.

Building Permits For Single Family Homes