Hines Inc., a Houston-based global real estate development firm, is planning a new 234-unit apartment community in Broomfield.
The complex, called Retreat at Broomfield, is planned for a vacant, roughly 6.5-acre parcel at 400 Interlocken Crescent.
Hines, which developed the Raleigh at Sloan’s Lake community in Denver, is planning to include 136 one-bedroom, 72 two-bedroom and 26 three-bedroom units at the Broomfield project, according to city planning documents.
Rents are expected to range between $1,625 and $3,400.
There aren’t any affordable units proposed. Rather, Hines plans to pay a $1.4 million cash-in-lieu fee.
The construction timeframe is expected to be about 18 months, planning documents say.