First Tenants Signal New Phase For The Foundry

First Tenants Signal New Phase For The Foundry

The first residential tenants — 11 on Wednesday and another three on Thursday — have moved into the new Patina Flats at the Foundry, the new, multi-block redevelopment project in downtown Loveland.

Apartments, mostly studio and one bedroom units on the Lincoln Street side of the development, became available on Wednesday. Brinkman, the developer, received the certificate of occupancy on Tuesday.

Patina Flats, a five-level apartment complex with underground, secured parking for each unit, has two parts. The Lincoln Avenue side that opened this week has 56 units and 51 percent were pre-leased before they were completed. The Cleveland Avenue side, which has larger units including some three-bedroom units, will open in early October. A total of 99 units are available on Cleveland and to date 26 percent are leased. Brinkman’s target upon completing either side was to pre-lease 30 percent.

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