Avatar Provides Financing for High-Profile Boulder Project

Avatar Financial Group LLC provided a $56-million loan that will help to bring Williams Village one step closer to fruition. The Williams Village project aims to transform an aging strip retail center and parking lot near the University of Colorado Boulder’s campus into a mixed-use neighborhood. The two-year loan allows the borrower to buy out two remaining ground leases and get the site fully entitled for redevelopment. The Williams Family and Morgan Creek Ventures are the developers.

Phase 1 will deliver the project’s student housing component, followed soon by Phase 2, which calls for the development of multifamily, retail, and parking components. The final phase of the mixed-use project is planned for a later date. 

 
At full buildout, the high-density project will include up to 600 units of workforce and student housing and more than 90,000 square feet of community-serving retail and restaurants.