Boulder, Colo. — Plaza on Broadway offers 152 beds in 98,000 square feet.
Boulder, Colo. — A $20 million student housing apartment, developed by full-service real estate company Brinkman Partners, Boulder businessman Mike Boyers and Utah-based commercial real estate owner and manager Woodbury Corporation, has opened across the street from the University of Colorado. Plaza on Broadway is made up of two buildings and includes 152 beds and 98,000 square feet.
Prior to this, the property was owned by the Acacia and the Phi Gamma Delta, also known as FIJI, fraternities and served as the former home to their chapter houses. The ownership group worked with Acacia to meet their desire to maintain some presence on the property while fully acquiring FIJI’s portion. This led to a strategy that gave Acacia members the option to lease units at Plaza and preserve their ties to the site through the creation of a 3,000-square-foot chapter room for the fraternity in the south building of the complex.
“Plaza on Broadway represents an exciting new concept in redevelopment near universities,” says Founding Partner and CEO of Brinkman Partners Paul Brinkman. “Through extensive coordination between the ownership group and the city of Boulder, we were able to create a finished product that serves tenants’ wants and needs, helps fill a housing void near the CU campus and maximizes the use of a previously under-utilized piece of premier real estate.”
Brinkman Construction was the general contractor and Brinkman Partners is handling the leasing and real estate management for the property.