Mix of Market-rate and Affordable Units Planned for Longmont
Massimino Development and Origin Investments will develop a 280-unit, Class A apartment project called Farm Haus, in the north Denver suburb of Longmont. Of the 280 units, 247 will be market-rate and 33 will be designated as affordable. JLL worked on behalf of the developer to provide $50.4 million in construction financing.
Farm Haus will be constructed on a 13.52-acre parcel at the northwest corner of East 3rd Avenue and Great Western Drive just south of E. Ken Pratt Boulevard (Route 119). Due for completion in 2021, the property will feature a modern farmhouse design while incorporating resort-style amenities and lush landscaping. Interior amenities will include a lobby with expansive windows overlooking the grand exterior patio, pool terrace, tree orchards and Lone Peak that leads into a resident lounge and clubhouse equipped with billiards and gaming space and demonstration kitchen with flexible dining or co-working space. Outdoor amenities include built-in barbecues, resort-style pool with multiple water features, pool house with built-in bar, outdoor TVs and games, playground, dog park and several landscaped “pocket” parks with seating.
Residences will feature master suites with spacious walk-in closets, double vanities, oversized tubs, charging stations, nine-foot ceilings, full-sized washers and dryers, large modern kitchens, designer cabinets, stainless steel appliances, pendant lighting, designer flooring, private balconies and Bluetooth keyless entry. The four-story property is less than three miles from downtown Longmont and is a short drive to the Longmont Park-n-Ride.
The JLL Capital Markets team representing the developer was led by Managing Director Josh Simon and Senior Director Leon McBroom.