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Titan Development and Pivot Development Joint Venture Host Groundbreaking Event for ‘The Lock at Flatirons,’ a Luxury Multi-Family Project in Broomfield, Colorado

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The 254-unit community will offer upscale amenities, a convenient location to live, work and play, and a view of the Flatrions Mountain Range

BROOMFIELD, Colo., June 13, 2022 /PRNewswire/ — Titan Development (“Titan”) and Pivot Development (“Pivot”), leading real estate development and investment firms, today hosted a groundbreaking event at The Lock at Flatirons, a new $80 million254-unit luxury multifamily development in Interlocken Technology Park within the MidCities District of Broomfield, Colo.a suburb of denver. The project, which was announced in july 2021 and started construction on december 2021it is scheduled to be completed in the second quarter of 2024. Dwell Design is the project architect, Shaw Construction is the general contractor, and FPI Management will be the operator.

The 3.3-acre community at 460 Flatiron Blvd. is directly off the Interlocken Loop and close to the Denver Boulder Turnpike, a major thoroughfare in the area, and broom location midway between denver Y Rock will offer residents easy access to both cities and nearby employers including Ball Corporation, Oracle, Salesforce, Uber, CenturyLink and Vail Resorts. As part of the Interlocken area, the development is within walking distance of many shops, restaurants, and entertainment venues, and nearby are golf courses, hotels, and the FlatIron Crossing shopping center. The property is located in the Boulder Valley School District, which consistently ranks in the top three of colorado large Front Range school districts.

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The Lock at Flatirons will feature upscale fixtures, finishes and appliances in every apartment home, a sky lounge overlooking the Flatirons, fitness center, resort-style pool and spa, storage and bike stations, a dog park and dog spa, secure access parking, technology packages throughout the property, and co-working space. Smart home technology will be installed to increase the safety of residents. Floor plans include studio, one, two and three bedroom apartments. Residents will experience the conveniences of urban living combined with the convenience and comfort of suburban living.

“We are excited to bring The Lock at Flatirons to broom field residents along with our partners at Pivot,” said jose rogers, Senior Vice President of Titan. “The denver The area is one of the fastest growing regions in the country for high-income renters, which, combined with the national housing shortage, presents a tremendous opportunity for us to provide best-in-class apartment living to young professionals who work in the area, as well as attracting residents of the great broom field community.”

“With the combined multi-family experience between Pivot and Titan, we know this will be a premier Class A multi-family development,” said L. matthew hare, president and chief investment officer of Pivot Development. “The anticipation is well worth the wait for Pivot’s first multi-family project in broom field – the market needs housing, and Pivot Development wants to be a part of meeting that need in our Colorado communities”.

The Lock at Flatirons is the first Colorado project for Pivot Development, which was founded in 2018 and focuses on the urban and suburban multifamily sector; the company has offices in Carmel, IndianaY green wood village in Colorado. Titan Development, which has offices in Albuquerque, New MexicoY austin, texashas a strong track record of multifamily, industrial, and self-storage projects throughout the Southwest.

“The City of Broomfield is pleased to welcome respected developers like Titan and Pivot to our community,” said Guyleen Castriotta, broom field Mayor. “The Lock at Flatirons supports one of the city’s initiatives to ensure a variety of housing options for current and future residents.”

About Titan Development
Titan Development is a leading Southwest full-service real estate investment and development company with proven returns, across diversified asset classes in diverse geographic markets. Titan has completed more than $2.5 billion in project cost since the company was formed in 1999. Titan Development has extensive experience developing real estate across many asset classes, including private equity investment and fund management, and has offices in austin, texasY Albuquerque, New Mexico.

Titan Development recently closed its third fund, Titan Development Real Estate Fund III (TDREF III) in $122 million in May 2022, continuing its successful strategy of focusing on multi-family and industrial investments in secondary and tertiary markets. The Lock at Flatirons was funded by Titan’s previous fund, TDREF II, which raised $95 million, began in November 2020 and has committed 100% of the fund to 13 projects. Titan Inaugural Fund, TDREF I raised $112 million and invested in a variety of real estate asset classes.

For more information, visit www.titan-development.com.

Media contacts:
Amy Calderon
Director of Marketing and Communications, Titan Development
[email protected]
505.998.0163

Lisa Baker
Managing Director, Lambert
[email protected]
603.868.1967

About pivot development
Pivot Development is a vertically integrated real estate development and investment firm that started in 2018 and focuses on urban/suburban multi-family development projects. Pivot Partners have been involved in real estate development for a combined 60 years and Pivot has offices in Carmel, ON Y green wood villageCO.

The Lock at Flatirons will be Pivot Development’s first multi-family project in Colorado as the company continues to grow its platform in all of its target markets.

For more information, visit www.pivotdevco.com.

Media Contact:
he matthew hare
President and CIO, Pivot Development Company
[email protected]
317.410.9935

SOURCE Titan Development

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