As Seen In The Denver Post – October 24, 2012

The sleepy bedroom community of Broomfield is being jarred awake by the sound of construction and development, with Etkin Johnson Group the latest to begin work there.

The Retreat At The Flatirons luxury apartments will offer a true resort-style atmosphere with the most sophisticated lifestyle amenities in the market.

The Retreat At The Flatirons luxury apartments will offer a true resort-style atmosphere with the most sophisticated lifestyle amenities in the market.

Etkin Johnson has started the first phase of development of Broomfield Business Center, a 74-acre mixed-use project northeast of FlatIron Crossing mall.

The initial components include a luxury apartment community the 374-unit Retreat at the Flatirons as well as Del Corso Park, a 41/2-acre parcel that will be dedicated to the city of Broomfield.

The $80 million first phase also will see construction of infrastructure for the remaining 51 acres.

“We’ll deliver our first building and be available for leasing in July of next year,” said Aaron Johnson, vice president of investments at Etkin Johnson. “We estimate that overall construction will be a 22-month process.”

Apartment amenities will include a fitness center, saunas, yoga center, Internet cafe, billiard room, 25-meter lap pool, outdoor grilling station, bike repair shop and dog wash facility. Monthly lease rates are expected to range from $1,000 to $2,235.

The remainder of the project will include restaurants, banks, retail, single and multistory office/flex, structured and surface parking and a hotel. It all is projected to be completed in five years. When complete, the community will total more than 1.5 million square feet.

The business center, bounded on the north and west by Northwest Parkway and on the east by Burlington Northern Santa Fe railroad tracks, is one of the largest projects Etkin Johnson has ever done.

“Is it outside our core? Maybe,” Johnson said. “We haven’t done anything on this scale. But I think we have a good handle on this market in the northwest corridor. We’re most bullish on this market. We’re heavily invested here.”

Etkin Johnson a Denver-based development, investment, ownership and management company with a portfolio of more than 6 million square feet of office, retail, hotel and industrial holdings nationwide valued in excess of $500 million is constructing a 212-room Marriott Hotel at Church Ranch Corporate Center. It also owns property at Colorado Technology Center in Louisville and at Westmoor Technology Park.

Its venture into Broomfield follows a trend by other developers.

“Broomfield Business Center is another perfect example of foresight by the leaders of Broomfield,” said Tim Wiens, whose Arista development across U.S. 36 is booming. “We’ve worked long and hard, individually and together, to create infrastructure for transit stops and everything Arista is.

“Now, work is happening on the other side of U.S. 36 to continue that. It’s just terrific.”

Broomfield already is home to such corporations as Ball Aerospace, Level 3 Communications, Oracle and Vail Resorts.

“I’ve lived in Broomfield since 1981,” said Broomfield Mayor Pat Quinn. “We were just a bedroom community, but that’s changing.”

John Mossman: 303-954-1479,