Avatar Financial Group LLC has granted a $56-million loan to support the development of Williams Village. This project aims to revitalize an aging strip retail center and parking lot near the University of Colorado Boulder’s campus, transforming it into a vibrant mixed-use neighborhood. The two-year loan will allow for the acquisition of two remaining ground leases and obtaining full entitlements for redevelopment. The developers behind this project are Williams Family and Morgan Creek Ventures.
The first phase of development will focus on creating student housing, followed by Phase 2 which includes plans for multifamily residences, retail spaces, and parking facilities. The final phase is scheduled for future development.
Once completed, this high-density project will feature up to 600 units of workforce and student housing along with over 90,000 square feet of community-serving retail shops and restaurants. Avatar’s financing plays a crucial role in bringing this highly anticipated Boulder project one step closer towards completion.
