Colorado Real Estate Journal - September 7, 2016
An “e-Urban” apartment community is coming to Harvest Junction in Longmont. Indianapolis-based Watermark Residential, a national apartment developer and manager, recently started construction on Watermark at Harvest Junction, which will deliver 276 units to the market in November 2017. The more-than-$50 million community will be located at 766 S. Martin St., next to stores and restaurants at the 322,816-sf Harvest Junction retail center. The three-story apartment buildings were designed by Humphreys & Partners Architects and will feature the firm’s nationally acclaimed e-Urban design, which is 30 percent more efficient and utilizes 30 percent less materials and associated waste than typical corridor style apartment buildings. The buildings will have 25-foot corridors with minilobbies at each of the four corners. “With short corridors and elevators, residents enjoy style and convenience with a focus on luxury,” Jason Purvis, Watermark Residential managing partner, said in an e-mail. “When it comes to design, the e-Urban is unrivalled,” he added, noting each building is architecturally articulated with distinct jointing, creating aesthetic appeal. Each unit will include a gourmet bar-kitchen with custom cabinetry, granite countertops and pendant lighting; modern appliances, including built-in microwaves; 9-foot ceilings with designer light fixtures; full-size washers and dryers; walk-in closets; garden tubs; private balconies and patios; and detached garages. Community amenities at Watermark at Harvest Junction will include a professionally decorated clubhouse with TVs, a kitchen, conference room, coffee bar, game room and screened-in porch, as well as Wi-Fi hot spots throughout the clubhouse and pool area. There will be a 24-hour, state-of-the-art fitness center; a resort-style swimming pool with cabanas, poolside hammocks and an entertainment area with gas grills; courtyards with water features; gathering areas with corn hole boards; 24-hour emergency maintenance; valet trash service; and a large Bark Park for pets. Watermark Residential was drawn to Longmont’s quality of life, strong occupancy and employment, Purvis said. “We were attracted by the high quality of life in Longmont, evidenced by Money Magazine’s inclusion of Longmont as a Top 100 Place to Live. Apartment occupancy has remained strong. Additionally, the city is currently experiencing the fourth-lowest office vacancy rate in the greater Denver area,” he said. With employers including Longmont United Hospital, Seagate Technology, IBM, Covidian and others, Longmont is “one of the more robust employment hubs anywhere,” said Purvis. Watermark at Harvest Junction will include a mix of one-, two- and three-bedroom units, with an average unit size just over 1,000 square feet. “Our apartment homes include Class A, premium interior finishes, creating a lifestyle experience focused on luxury. Spacious, open floor plans and superior amenities demonstrate Watermark’s dedication to quality,” said Purvis. Thompson Thrift Construction is the contractor for Watermark at Harvest Junction. Other News An industrial/flex property at the south end of downtown Longmont sold for $2.32 million. Pepper Center LLC and Bell Forty-Two Investments LLC, which list a Flagstaff, Arizona, address, purchased the property at 209 Emery, and 202 and 218 Kimbark streets from PFP Longmont Holdings I LLC. Brian Bair and Trent Rice of NAI Shames Makovsky represented the seller in the transaction. The property includes two freestanding buildings of 8,330 and 11,571 square feet, plus a 5,580-sf gazebo/pavilion.