Thistle refinanced the “Corwood Properties”
Thistle refinanced the “Corwood Properties” (Correll, Pinewood, and Valmont) on September 30, 2017. The buildings date from 1948, 1957, 1964 and 1983. They were antiquated and in need of modernization due to their age. The total budget was $27M, the project began on Oct. 23, 2017, and concluded September 30, 2019.
Thistle invested $27M to remodel 80 apartments
Thistle invested $27M to remodel 80 apartments in three different Boulder communities owned by Thistle: Correll Apartments (21 units), Pinewood Apartments (23 units) and Valmont Square (36 units). Thistle worked with PEH Architects to achieve meaningful improvements to the building envelope, systems, and livability to preserve these apartments for the long term.
Thistle’s rebranding effort defined our core values as Positive, Professional, Authentic, Diverse and Inclusive. In late summer we combined four offices into one centrally located office in Gunbarrel, improving customer service, staff communication and efficiency. Total People served: 30,673 Total homes: 871 PHOTO: Thistle office on Spine Road in Gunbarrel
Thistle established partnerships with Naropa University, Attention Homes, Open Studios, Human Services Alliance and in partnership with the Koelbel Company and Allison Management, Thistle added 69 units at Lumine at 28th in Boulder. Total People served: 27,133 Total homes: 871 PHOTO: Workforce housing at Lumine on 28th
Increase of 104 Affordable Apartments
In partnership with Koelbel Company and Allison Management, Thistle added 61 units at Ledges at 29th in Boulder. In Longmont, Thistle purchased 1200 Kimbark, a 48-unit complex of two- and three-bedroom units in Longmont. After being certified in the Crime Free program, police calls were reduced from 10 per month to three, according to the Longmont Police Department. Total People served: 25,033 Total homes: 802 Kimbark Acquisition and Redevelopment cost: $7,800,000 PHOTO: After renovation with tax credit funding, Kimbark Apartments..Read More
Jack Kemp Award for Workforce Housing
Thistle and Allison Management accepted the Jack Kemp Award from the Urban Land Institute for Yarmouth Way due to the innovative partnership, replicability and financing without public subsidy. t 1000 Rosewood in north Boulder, construction of the neighborhood was completed, adding nine affordable ownership homes to the City of Boulder’s Deed Restricted program. Total People served: 23,304 Total homes: 696 Rosewood Development Cost: $6,500,000 PHOTO: Left to right, Andy Allison, Mary Duvall and Dan Rotner accept the Jack Kemp Award..Read More