Final Phase of Sustainable Mixed-Use Development Breaks Ground at Boulder Commons

Boulder Commons — a joint venture between Grounded Capital, a leading impact investment firm based in San Francisco, and Boulder-based developer Morgan Creek Ventures — today announced the groundbreaking of the final phase of its mixed-use development. Boulder Commons is a constellation of four projects including office, retail, and multifamily residential strategically located along the Goose Creek bike path at the RTD transportation hub in the Boulder Junction neighborhood.

“Through a holistic, systems-based approach, we are collaborating with diverse stakeholders to rebuild and revitalize the community at the corner of Pearl and 30th Street,” explained Stephen Hohenrieder, CEO and founder of Grounded Capital. “By integrating the built environment and renewable energy, people, food and nature, this Class A, Net-Zero-aspiring community seeks to connect people to each other, themselves, the spaces we inhabit and the broader Boulder community.”

The final phase of the Boulder Commons development pipeline is an 89,000-square-foot multifamily residential project spread
across four buildings. Construction of the project, located at the corner of Spruce Street and Junction Place, will be completed and leasing of the units will begin in the summer of 2024.

The Boulder Commons initial construction schedule is highlighted by the following milestones:

●  2018: completion of 100,000 square feet of office and retail space at 2440 and 2490 Junction Place

●  2021: completion of 56,000 square feet of office space at 2530 Junction Place and 48,000 square feet of multifamily and retail space at 3200 Bluff

●  Summer 2023: 108,00 square feet of multifamily and retail space will soon be ready to lease at 30th and Pearl

The planned multifamily residential buildings, designed by Morgan Creek Ventures and Coburn Partners out of Boulder, integrate energy efficiency, onsite solar power generation, and human-centered design and construction to foster an aligned community. This final phase of development will provide 83 one-, two- and three-bedroom luxury apartment homes and feature amenities including a fourth-floor roof deck with dramatic views of the Flatirons. Residential leasing is led by Greystar.

“We are thrilled to be a part of the vibrant and dynamic Boulder Junction district, where we have incorporated exceptional design into our mixed-use development,” said Andy Bush, principal of Morgan Creek Ventures. “ With its prime location offering convenient access to bike and nature trails, public transportation, and the Google Campus, Boulder Commons embraces the essence of Boulder’s flourishing community, encompassing a multitude of dining, entertainment, and future growth opportunities.”

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