Plans have been announced for the construction of new affordable apartments in the growing city of Broomfield, Colorado.
The Ulysses Development Group of Denver says that it wants to build 52 units on the north side of the city, at the intersection of 118th Avenue and Wadsworth Boulevard.
What is being called the Harvest Station is expected to cost around $30 million to build and will include apartments ranging in size from one-bedroom to three-bedroom. The company additionally proposes to build a business center, community room with workstations, and indoor bike storage space.
Exterior amenities will include a half-acre pocket park, playground, and community gathering space.
The proposal comes as statistics show that the average rent for a one-bedroom unit in Broomfield is now at $1,769 per month, up from $1,379 in late 2017. The increase in Broomfield’s rents have coincided with a population jump taking the city from 38,200 two decades ago, to more than 74,100 today.
The project, which has sparked some opposition from nearby residents complaining about its size, won the approval in December of the Douglas County Board of Commissioners.
The Ulysses Development Group was launched in 2021 with a goal of building affordable, but quality, housing. The company has spearheaded projects in Colorado and Florida, including three senior living projects in the cities of Aurora, Greeley, and Sheridan in the Centennial State.
By Garry Boulard
