Broomfield approves $210M redevelopment of Flatiron Marketplace

ByWhitney Denison| Jan 10, 2019|News

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BROOMFIELD — The Broomfield City Council has approved a $210 million redevelopment within the Flatiron Marketplace Lifestyle District.

The Broomfield Enterprise reports that about 20 acres within the district will be redeveloped, with the city council on Jan. 8 approving $33 million in reimbursements to developers. The property is located at the southeast corner of U.S. Highway 36 and East Flatiron Crossing Drive.

Flatiron Marketplace has struggled for years, with large-scale vacancies in the former Best Buy, Great Indoors and Office Depot buildings. The property is owned by Flatiron Marketplace 2013 LP and Broomfield Village Metropolitan District No. 2.

Developers plan to demolish the buildings and construct up to 1,200 multifamily residential units and a limited amount of commercial space.
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