The team behind the highly watched Broomfield Town Square project has withdrawn a deadline extension request — another development in the saga of a project whose future has come into question.
The potential project has been discussed in the city for years and could potentially include hundreds of apartment units, some townhomes, retail, dining and work space as well as the redevelopment of the former Safeway location, .
Much of the planning is already complete for the development of the Town Square — slated for a nearly-40-acre area north of 120th Avenue and east of Main Street — but disagreements between the developer team and Broomfield’s government have brought the projectap future into question.
, an “owner” is required to apply for and be issued building permits for construction within three years of receiving approval for the site’s development plan. If they miss the deadline, the Broomfield City Council is authorized to revoke the site development plan.
The Broomfield Town Square site development plan was approved in September 2023, and . But the developer team withdrew the extension request June 24, according to an email from Matt Prekosovich with Outpost Partners, one of the development groups working on the project.
“Our application was withdrawn because we were not able to meet new terms required by the City in exchange for an extension,” Prekosovich said in the email.
Prekosovich said the city was requesting an amount of affordable housing within the project that isn’t “economically viable” — 20% of the units within the residential buildings offered at an income level of 60% of the area median income.
“Our team proposed delivering the same quantity of affordable housing units, at the requested 60% AMI, but delivering them within one new residential community within the Broomfield Town Square as opposed to dispersed throughout various residential buildings,” Prekosovich said. He said the configuration would allow for different financing mechanisms and the units would be developed on the same timeline as the non-income-restricted units.
“The City has informed us that at this time they are only interested in delivering affordable housing units that are disbursed within the 3 residential buildings in the approved site plan,” Prekosovich said.
Broomfield’s 2026 area median income, or AMI, for a family of four is $144,000, .
Despite the disagreement with the city, the developer team is committed to finding a path forward, according to Prekosovich’s email.
“The Broomfield Town Square is too important of a project to let die. There must be a path forward, the alternative is unfathomable,” he said. “With the right support, we will find a way.”
The Broomfield City Council is slated to hold a special meeting July 16 to discuss the project and provide an update, according to the city’s website. The meeting will include an opportunity for public comment, . The meeting is scheduled for 6 p.m. at the George Di Ciero City and County Building at 1 DesCombes Drive. The public can find information about City Council meetings, including how to participate, via .
