The land surrounding the Broomfield Event Center will begin sprouting homes and shops shortly before the 6,000- seat venue opens to the public.
Wiens Real Estate Ventures, which is building the 215-acre Arista development, said it will start construction on the “Main Street” segment of the mixed-use development this fall.
Homebuilders Hibernia Holdings, Trammell Crow Residential and Sunburst Design/Design Logic will start construction on multifamily housing in the development at about the same time.
“There will be multiple projects coming out of the ground in October and November,” said Tim Wiens, principal with Wiens Real Estate Ventures.
The entire Arista project occupies a triangle of land along U.S. 36 between West 108th and 120th avenues. The Broomfield Event Center will serve as an anchor for the development, which is expected to include 1,200 homes and 600,000 to 800,000 square feet of retail space when it is completed.
Wiens estimates the entire project will be valued at more than $500 million when it’s completed.
The first phase of retail and office space, called Arista Place, will include 70,000 square feet of retail, 150,000 square feet of office space and a 160-room hotel in a Main Street-style setting of three- to six-story buildings.
The retail component of the project is expected to include a mix of specialty shops and restaurants. Wiens declined to name any tenants signed for the project.
“Even though this is a suburban location,” he said, “this is an urban, transit-oriented development.”
The project will include a 1,500-space garage that will provide parking for the development and for RTD passengers. Housing will be a mix of condos, apartments and live/work units, rather than single-family homes.
“Broomfield had planned this area as an urban-transit village. The uses the developer has proposed and is working to develop are exactly what we had envisioned,” said Charles Ozaki, deputy city manager.
Future development at Arista is expected to include midsize or big-box retailers on pad sites.
The $45 million Broomfield Event Center will be home to the NBA Development League’s Colorado 14ers and the Rocky Mountain Rage hockey club.
The center is scheduled to open in November.
Staff writer Kristi Arellano can be reached at 303-820-1902 or karellano@ denverpost.com.
