The property is an existing commercial asset in a supply constrained Central Boulder location on Pearl Street “Main” between the new Google campus, the pedestrian mall (major retail corridor) and the University of Colorado campus.  

We recieved Site Review approval from the City of Boulder to develop a three story for-rent multifamily and retail project in September, 2024.  We are targeting breaking ground in 2025 subject to recieivng the building permit.

We are targeting an underserved population of middle-income (80% to 120% AMI) renters who are unable to buy in Boulder (single family home pricing serves the 250% to 400%+ AMI demographic) and are tired of roommate living. We intend to hold long term or exit in year ten at a market exit cap rate to an institutional investor seeking a core Boulder asset that is high performing and wellness-oriented.

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