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Developers report progress on Broomfield Town Square; HUD financing and bond sale remain hurdles
Summary
Developers updated council on engineering, tenanting and financing for the Broomfield Town Square project, reporting HUD financing interest for two apartment buildings, a prospective 18,000‑square‑foot Market Hall tenant, targeted bond sale next year and ongoing soil and groundwater testing for the lake design.
Tim Fratagel, a development executive for the Broomfield Town Square project, briefed council on progress and barriers for the mixed‑use redevelopment centered on the existing Safeway building and adjacent sites. Fratagel said engineering and architecture work continues and recent earthwork near the existing pond was investigative—piezometric and groundwater testing for the lake design—not the start of vertical construction.
Fratagel described Phase 1 components: a 318‑unit multifamily building, ground‑floor retail totaling about 35,000 square feet in the Safeway/Market Hall footprint, and a separate 161‑unit building near existing tennis courts; each vertical building will be financed and capitalized…
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