After years of sitting quiet and empty, Longmont’s former Walmart site has finally changed hands, selling for nearly $7.6 million and nudging a long‑talked‑about apartment project closer to reality. The June 26 sale removes a major hurdle for a proposal that could bring several hundred new homes to the sprawling big‑box site.
The nearly $7.6 million deal was reported by BizWest. Local coverage and city materials tie the property to plans for an initial phase of roughly 265 apartments, followed by a potential second phase of about 230 additional units, according to the Longmont Times‑Call.
How the City Cleared the Path
To get this corner moving again, Longmont officials rewired the Twin Peaks Mall urban‑renewal plan and negotiated tax‑increment financing language that would reimburse certain public‑infrastructure costs on a performance basis. The changes, laid out in the Nov. 18, 2025, City Council record, include reimbursement caps and a structure that staff says is designed to make the project pencil out financially, as seen in the council video posted by Longmont Public Media.
Those policy tweaks are essentially the city’s way of saying: we will help pay for eligible public improvements, but only if the project actually gets built and performs.
Developer Plans and Next Steps
Reporting has identified Hines, working through an affiliate called Hines Longmont 800 LLC, as a party at the table in the redevelopment talks. City materials outline a TIF model that could reimburse up to $15 million over 25 years for qualifying public‑improvement costs tied to the project…