Mixed-Use Affordable Housing Project Breaks Ground in Longmont
Construction has started on the Spoke at Coffman, a new mixed-use affordable housing and parking garage in Longmont. Located at 518 Coffman Street, the $28.8 million construction project includes 73 units of permanently affordable 1-, 2-, and 3-bedroom apartment homes, 10,000 square feet of office space and community cafe, and a 262-space parking garage.
The project is the result of a public-private partnership between Boulder County, the Boulder County Housing Authority (BCHA), and the Longmont Downtown Development Authority (LDDA). Pinkard Construction is the general contractor and RNN Architects is the architect of record. The project is expected to be complete spring 2022.
“Affordable housing is extremely important, especially now with the COVID-19 pandemic,” said Tony Burke, president of Pinkard Construction. “I know our team is working hard to get these units available to potential tenants while also minimizing disruptions to the surrounding community.”
Unit size in this four-story structure averages 650 square feet for one-bedroom; 950 square feet for two-bedroom; and 1,300 square feet for three-bedroom units. The permanently-affordable apartment homes are for families and individuals with incomes at or below 60% of the Area Median Income (AMI), or $62,160 for a 3-person household.
“The Longmont Downtown Development Authority Board invested in The Spoke on Coffman to add increased workforce housing options and public parking, which meets the goal of extending the vibrancy of downtown to an 18-hour, 7-day activity zone by adding more residents, entertainment and jobs,” said Kimberlee McKee, executive director for Longmont Downtown Development Authority. “This project advances the goals of the LDDA and will make a positive impact for years to come.”
Photo courtesy of Pinkard Construction