Developer acquiring property for apartments
Wood Partners plans to build Alta Harvest Station Apartments on 13.75 acres at the southwest corner of Wadsworth Boulevard and 118th Avenue. The project, scheduled to be completed in February 2014, is across U.S. Highway 36 from 1stBank Center.
Job growth in Broomfield attracted Wood Partners to the city, which has a number of apartment complexes in the works.
"Our primary goal for this new multifamily community is to serve the nearby Interlocken/Broomfield business hub, where recent job growth has been strong," Wood Partners director Tim McEntee said in the release.
Alta Harvest Station will be 13 three-story buildings with 175 one-bedroom units, 107 two-bedroom units and 15 three-bedroom units. Average size of the units will be 940 square feet.
According to information submitted to Broomfield during the planning process, Wood Partners intends to purchase the property from Jere Mock. During the planning process Wood Partners valued the land at $4.8 million.
Wood Partners projected the cost of construction to be $40.2 million, according to Broomfield records.
Wood Partners is the general contractor. Womack + Hampton, a Dallas-based firm, is the architect.
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