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Developer says Center Street at Baseline is advancing, but financing and leasing risks remain
Summary
McWinnie Real Estate told Broomfield council that Center Street’s horizontal infrastructure must be in place before retail and housing go vertical, that a first-phase retail opening is targeted for summer 2028, and that financing and leasing thresholds — including an underwriters’ informal 50% pre-leasing target — are material risks to the schedule.
McWinnie Real Estate LLC provided the City and County of Broomfield an update on the Center Street District and other Baseline-area projects, highlighting infrastructure work under way, a construction schedule tied to bond issuance and life-safety systems, a grocer under lease, and financial and market risks that could affect the project timeline.
Kyle Harris, senior development lead with McWinnie, told the council that Baseline infrastructure work is approaching final phases and that residential and park construction is anticipated to progress into vertical construction later this summer for several parcels. Harris said Center Street’s "horizontal" infrastructure must be in place before substantial retail and residential vertical…
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