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The Foundry is in the news

By Colorado Real Estate Journal

9/20/16

Featured in CREJ’s Sept. 21-Oct. 4, 2016, issue:

 Brinkman Partners and the city of Loveland are sculpting a new future for downtown Loveland.

A $75 million redevelopment called The Foundry will bring new apartments, retail space, a five-screen movie theater, community plaza, parking garage and a hotel or office space to a 2½-block area in the heart of downtown. The property stretches from East First Street to the Back Stage Alley (between East Third and Fourth streets) and is bordered to the east and west by North Cleveland Avenue and North Lincoln Avenue.

A half-dozen years in the making, the project, formerly known as the South Catalyst Project, will break ground by April and deliver in summer 2018.

Brinkman Chief Operating Officer Jay Hardy said The Foundry will take downtown Loveland “from a place that has small pockets of interesting locations to a place that really has a central heart and soul.”

"It’s about creating a space where the community can gather, a place."

It’s called The Foundry because, “One of the things we wanted to do was to honor what’s unique about Loveland,” Hardy said. The city is known internationally for its sculpture exhibitions and bronze foundries, and The Foundry, he said, represents art, imagination and starting anew.

Brinkman Partners originally envisioned The Foundry as a two-phase project with 60,000 square feet of office space comprising the second phase. However, “We think there’s a much higher demand for a hotel there,” said Hardy, noting with a hotel, the development would be completed in a single phase.

There hasn’t been a new hotel built between downtown Loveland and Centerra (at Interstate 25) in 20 years, and hoteliers are eager to capture leisure and group travelers, including those headed to Estes Park. The hotel likely would be a four-story, approximately 60,000-sf facility with 90 to 100 rooms.

“We’re pretty excited about that and think it would be a neat opportunity for the project,” Hardy said.

The hotel would be located between First and Second streets. From Second to Third, The Foundry will include two five-story mixed-use buildings, one with 100 apartments over 8,000 sf of retail space and one with 7,000 sf of retail and 46 apartments; a central plaza with a stage and water features; and a four-story, 460-space parking garage with one level below grade. The section between Third and Back Stage Alley, behind the Rialto Theater and restaurants on Fourth Street, will feature a 625-seat movie theater, for which there is a signed letter of intent.

Alleys will be transformed into well-lit pedestrian corridors.

The city of Loveland assembled the redevelopment site over time and has demolished existing structures, giving Brinkman Partners, which was selected from a requests-for-proposals process, a clean slate with which to work.

Brinkman completed the five-story Gallery Flats mixed-use apartment building nearby in 2012. “It has performed very well for us and our investors,” said Hardy.

“We feel very good about the market,” he said, adding that the opportunity to do a public-private partnership for The Foundry was compelling.

“Part of this is market-making because it is new, and that’s where the city has been an enormous partner in making this happen,” he said. “Without that, you wouldn’t have a project.”

The Foundry is estimated to generate $11,000 a day in new retail sales in the downtown area – or $40 million over 10 years – not to mention the jobs, property taxes and community benefits, including additional redevelopment, it will create.

“Historically, we take on projects that are very community-driven,” Hardy said. “Obviously, we’re Northern Colorado-based, and this is home for us.”

The development team includes OZ Architecture and Russell + Mills Studios.

Note: Not shown here is the photo of Brinkman Chief Operating Officer Jay Hardy included in the online article here

 Loveland Cherry Pie Festival!

Saturday, July 7, 5 – 8 pm

Peters Park and 5th Street in front of Museum
FREE EVENT

Admission is free. Pie by the slice, ice cream, and drinks available for sale.

This annual event continues to delight. Enjoy delicious cherry pie and tasty ice cream while listening to live music and browsing vendor booths. Children’s activities, historical displays, and a cherry pie contest make this an evening to remember. Sponsored by Visit Loveland, Good Times Frozen Custard, Loveland Barricade LLC, and Dazbog Coffee.

LIVE MUSICAL ENTERTAINMENT PROVIDED BY:

5 – 6:15 pm Danielle Ate the Sandwich
(featuring a special performance by local Ukulele class)
6:45 – 8 pm Madalynn & the Perennial Sound


 Loveland Loves BBQ, Bands and Brews

Friday, July 13th 3:00pm- 10:00 pm

Saturday, July 14th- 11:00am-10:00 pm

Visit one of the following Downtown Loveland Businesses to enter to win 20 tokens to the BBQ Event!  Drawings will take place July 6th, 9th, 11th, and 13th!

Cloz to Home
Origins Wine and Wood Fired Pizza
Hearth and Home
Lincoln Gallery
Artisan You
Little Piece of My Heart


Visit the Event Website here

“People of Loveland”

Meet Jenny

“Who gets to hang out with awesome election judges, document lovely Lovelanders driving through to drop their ballots off and exercise their voting rights, seeing many new faces and some of my favorite people as well? I do!

I'm the lucky one that gets to document all of the amazing things that people do in this community everyday for the Loveland Reporter-Herald through my lens. I can tell you from experience that Loveland is truly filled with love.

Am I a celebrity? 

You're right about the rest though.

It's truly a gift to be able to embed myself into people's lives. In their best moments or their worst, I'm there. Sometimes they love me for it and sometimes they're not very happy to see me. If they knew me, they would realize I'm shooting with my heart and I feel their joy and their pain. My mission is to make my own little positive difference in people's lives. Whether that's filling readers hearts with joy when they see a joyful photo or causing someone to want to make a difference because they see others doing the same, or evoking empathy and love from a photo of a tragedy- I hope to make a difference, even if just for a moment.

For more of Jenny's Story- follow us on facebook

 

There is a beautiful new mural evolving in Downtown Loveland! 

Stop by to watch her come to live at The Gressiwick!
_______________________________________

Have you noticed the sculptures in Downtown Loveland seem to change each year? They are part of a TAAP Program through the City of Loveland! 

   

TAAP sculptures are on the move as we make way for three new sculptures in downtown.

"Big Vision, Small Steps" by Charlotte Zink, "Convergence" by Steve Shachtman and "Love/Fear" by Joe Norman will be installed next Friday! "Broken Violin" by Jack Kreutzer; "Ovilepod" by Ted Schaal and "Hard Rock" by Pati Stajcar will remain on display for another year. Thank you to all of our TAAP artists -- past and future!









 

Patina Flats at The Foundry is now open and taking tours!

Living spaces at Patina Flats at The Foundry are thoughtfully designed with comfort and convenience in mind, and are stylishly appointed with the kind of premium materials and finishes you won’t find in any other apartments for rent in Loveland. Our Lincoln building is set to open in August 2018, and the Cleveland building is set to open in October 2018!

Our community amenities feature a 24-hour fully equipped fitness center, an executive lounge with a pool table and rooftop patio, a lobby and lounge space, and much more! Patina Flats will also have an on-site hotel and movie theatre, a central plaza for entertainment, and first floor restaurants and retail!   

The apartments offer open and modern floorplans with high-end finishes that make Patina Flats at The Foundry the most desirable new apartments in Loveland, Colorado. Studio, 1-bedroom, 2-bedroom and 3-bedroom urban living units fill the upper floors while retail, restaurants, and creative offices fill the first floor to give residents the convenience of urban living right in the heart of the Sweetheart City!

Stop by our office located at 320 N. Cleveland Avenue; contact us at 970-672-1013 or email us here to set up a tour today! We look forward to speaking with you!


 

350 N Cleveland Ave Loveland, Colorado 80537   |   970.541.4333

Office Hours: Monday - Friday, 9:00 AM - 5:00 PM