Groundbreaking: Railway Flats Multifamily Project in Loveland
LOVELAND — The first phase of McWHINNEY’s latest multifamily community in Loveland’s Centerra master-planned community broke ground this week
Located in eastern Centerra off Sky Pond Drive and Centerra Parkway, the Railway Flats project is planned as two phases. Phase one will deliver 240 multifamily homes, consisting of a three-story, 297,331-square-foot multifamily development delivering 48 studio, 112 one-bedroom, 75 two-bedroom and 5 three-bedroom apartments.
The property will feature open green space following urban design principles with amenities including an indoor/outdoor pool, clubhouse and golf simulator and is anticipated for completion in summer 2020. The second phase will consist of 180 homes and is planned to break ground in the second quarter of 2020 with anticipated completion in the fourth quarter of 2021.
As the project owner and developer, McWHINNEY will add a total of 420 multifamily homes to Loveland with the two-phase project, to help meet the market demand of Northern Colorado’s fast-growing population. The project represents the fifth apartment development in Centerra and, upon completion, will mark a total of more than 1,100 apartment homes within the master-planned community.
“We’re proud to continue growing the multifamily offerings in Centerra and support Northern Colorado’s growing economy,” said David Crowder, general manager of Centerra and vice president of community development for McWHINNEY. “This apartment community will provide much needed and high-quality rental housing while offering access to the varied and vibrant amenities within Centerra.”
Images courtesy of McWHINNEY