Development Map Updates

by Osman Parvez
Time for updates to our development map.

- S'park, located just North of Boulder Junction. Sutherland Park will feature 246 residential units spread across multiple buildings in a mixed use development. Only 25 residential units will be for sale. The rest are rentals of which 45 will be affordable housing and the remaining, market-rate. I wonder if the low rate of owner occupancy will impact financing and marketability. Time will tell. 

Pearl West Making Progress
- Boulder Junction Townhomes, located next to Boulder RV on 30th Street. 32 row houses having 3 bedrooms each, surrounding a central park. Unclear at this point whether the project will feature for-sale units or only rentals. 

- Fruehauf Plaza, boutique grocery and other retail to replace the old Olive Garden.

- Boulder Jewish Community Center. A $14.4MM project located on East Arapahoe. 

- Dakota Ridge row houses (Markel). 9 units under 1,000 SF with 2 bedrooms each.   

- The Outlook Hotel redevelopment at  800 28th Street. Developer paid $9.3MM in January 2014 and proceeded to scrape the hotel. It's being replaced with a 212 bed student rental complex. Permit costs are $28.2MM.  

1036 University. It was an office, now it will be four small residential units no doubt aimed at students. 

- Giant auto dealer at 5075 Pearl Pwky. Two story building, lots of showroom space. 

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.