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Page 20 — Multifamily Properties Quarterly — November 2016
CONTACT US Michael Thomas
303.810.5170
Scott Graber
303.647.4262
Recently Completed:
Covenant Place
101 Unit Affordable Elderly 62+
St. Louis, MO
$5,508,900 FHA 221(d)(4) New Construction 1st Mortgage
Affordable Elderly 62+ Residences
Market Rate and Affordable Elderly Age-Restricted 62+ as well as
Multifamily and Healthcare Requests are Welcomed Nationwide!
COVENANTPLACE
R evitalization plans for Long-
mont’s historic downtown
began more than 20 years
ago. The 1995 Downtown
Longmont Master Plan
Development put forth a process of
ongoing commitments to improve
the quality of life in Longmont.
Even with economic turbulence,
this area has progressed with new
restaurants and businesses add-
ing to downtown’s revitalization.
The growth was planned to retain
Longmont’s historic fabric while
also providing a walkable, modern
community. Just last year, Longmont
popped up on Livability’s 2016 list
of 100 Best Places to Live, ranking
No. 23. The ranking criteria factors
in housing, amenities, demograph-
ics, economy, education, health care,
social and civic capital, and trans-
portation and infrastructure.
The city of Longmont had the dis-
tinction of being the first planned
community in Boulder County. It
began when a group of business-
men in Chicago put together the
Chicago-Colorado Colony, a city
planned from scratch and laid out
in a grid before being settled. Long-
mont’s location was key because
the railroad already came through
this area. With the growth of the
railroad, the population and popu-
larity of the area increased. If you
stroll down Main Street in historic
downtown Longmont today, you
can still see many classic buildings
with original facades and interior
features dating back to the original
Chicago-Colorado Colony’s estab-
lishment in 1870.
A recent unique development
downtown strad-
dles the history of
Longmont as well
as contributes to
downtown’s evo-
lution. The Terry
Street Brown-
stones, on the cusp
between commer-
cial and residential
uses in this historic
area, gives a nod to
the Chicago-Colo-
rado Colony’s roots
while providing
an elegant, work-
able solution to the
L-shaped, tight infill site.
“This development strikes a bal-
ance between the commercial and
residential transition of this area
and adds to the century-old charac-
ter of this neighborhood,” said Jeff
Van Sambeek of Lodestone Design
Group, the project architect. “The
choice of brownstone-style homes
worked perfectly on this challenging
lot, putting each home’s stoop right
at the street and creating an alley
toward the center of the block.”
An existing historic structure, a
house and garage, were moved to
a lot downtown, where they were
preserved before construction of the
Terry Street Brownstones began.
“It was a good process with the
city of Longmont and the Longmont
Downtown Development Author-
ity,” said Craig Jones, the developer
in the project. “I’ve had tremendous
feedback about how the brown-
stones are impacting the neighbor-
hood.”
The lot had long been vacant, so
neighbors were glad to see it being
developed and many became propo-
nents for the project, Jones said.
When the project broke ground
last year, city officials, architects,
neighbors and investors attended
the ceremony.
“People were excited to have a
new addition in this area down-
town,” said Joe Black, project manag-
er for Krische Construction, the gen-
eral contractor on the project. “The
choice of design was a good one to
fit in with the surrounding neigh-
borhood. People told me they love
to walk downtown to have coffee in
the morning, and these homes, just
two blocks from Main Street, will
allow people to walk downtown to
shop or eat out, but are far enough
away from Main Street’s traffic that
it’s a quiet neighborhood. Having
the parks and schools nearby is a
benefit too.”
Longmont boasts an impressive
“urban forest,” a catalog of mature
trees integral to the charm and
character of the historic district.
Several trees along Terry Street,
which tower over the new develop-
ment, were carefully preserved dur-
ing construction.
Downtown also is served by RTD
with a hub located off Main Street
Karen Peterson
Project
development
manager, Krische
Construction,
Longmont
Project Highlight
Dave Zader Photography
The Terry Street Brownstones in Longmont gives a nod to the Chicago-Colorado Colony’s
roots while providing a workable solution to the L-shaped, tight infill site.