Builders team on neighborhood in N. Boulder
Markel Homes Construction Co. and Coast-to-Coast Development Corp. will be the lead builders of Kalmia Estates, a development that will have will have 29 single-family homes, 16 duplex units and 12 quad units. The development is at 3015 Kalmia Ave. on a 9.9-acre parcel.
“We’re planning to get started imminently,” said Gary Calderon. Calderon is managing broker of Accent Properties of Colorado Inc., which is invested in the project.
Hendricks Fine Homes LLC also will build homes on the site, Calderon said.
A collection of companies created by the builders and investors purchased the property recently for $4.1 million, according to county records.
G&K Kalmia Properties LLC, Kalmia Investments LLC and Kalmia Holdings LLLP are the purchasers.
Harper Hollow LLC is the seller and is listed as the developer that put the project through the design and entitlement process.
Kalmia Estates will have some affordable housing units, Calderon said.
NEW PROVINCE: First Christian Church of Boulder has been sold for $3 million to the Ohio company that will redevelop the landmark property into an apartment complex targeted to University of Colorado-Boulder students.
University Residence Boulder LLC purchased the church at 950 28th St. and the three acres on which it sits in a deal that closed in early August.
Edwards Communities Development Co., a Columbus, Ohio-based company, plans to convert the church into an 84-unit apartment complex named the Province. Its plans will leave the exterior structure of the 52-year old church intact. The interior will be converted into a clubhouse for use by residents. The new construction will be built around the church in a U shape.
The Disciples of Christ congregation has moved to 1700 Stonehenge Drive in Lafayette and renamed itself Cairn Christian Church, said Steve Crowder, chairman of the church’s board of trustees.
The sale helps the church “to move on and get on with its ministry,” Crowder said.
1900 9TH STREET: The office building at 1900 9th St. in downtown Boulder has sold for $7 million.
1900 9th Street Associates LLC purchased the 15,577-square-foot building from 901 Walnut Street LLC, according to Boulder County property records.
The building is occupied by the downtown Boulder branch of Great Western Bank and Maxim Financial Corp.
The new owner declined to comment on the sale.
Lynda Gibbons and Angela Topel of Gibbons-White Inc. represented the buyer and seller.
The building was built in 1999, records said.
STUDENT APARTMENTS: A 16-unit student housing complex near the University of Colorado-Boulder campus has sold for $3.54 million.
The building, at 810 20th St., was purchased by Rubicon Twenty LLC, according to Boulder County records. 810 20th Street LLC sold the property.
The purchase is an investment in Boulder’s hot market for multifamily housing, Rubicon Twenty principal Rob Castellino said.
“I think it’s a great location and in a solid building,” Castellino said. “Multifamily property in Boulder is relatively scarce. It was attractive to simply find something, and I thought the price fairly reflected its value.”
According to property records, 810 20th St. was built in 1972. 810 20th St. purchased the building in December 2009 for $3 million.
ARISTA CLINIC: Children’s Hospital Colorado opened the doors this week on its new therapy center in Broomfield.
The Children’s Hospital Colorado Therapy Care Center in Broomfield is a newly built 20,000-square-foot facility at 8401 Arista Place, in the Arista mixed-use development.
The center offers physical, occupational and speech therapy for children, as well as neurologic and psychiatric treatment. The center cost $1.2 million to outfit and will see more than 22,000 patient visits per year, according to Children’s Colorado. The center previously was in Westminster.
Urban Frontier LLC, a Denver-based development and investment company, owns the property, which cost about $3 million to build. Children’s Colorado has a 20-year lease for the property.
G.H. Phipps Construction Co. was the contractor.
MARRIOTT BREAKS GROUND: Work has begun on a 212-room Marriott hotel in Westminster that is expected to open in fall 2013.
The Marriott Denver Westminster at 7000 Church Ranch Blvd. will overlook U.S. Highway 36. According to a release from White Lodging Services Corp., which will operate the hotel, the Marriott is the first full-service hotel to be built in the corridor in more than a decade.
The hotel will have a full-service restaurant and 12,000 square feet of meeting and conference space.
Denver-based Etkin-Johnson Group Inc. is partnering with White Lodging to build the hotel. The designer is PFVS Architects, an Atlanta-based firm.
Etkin-Johnson built the 164-room SpringHill Suites by Marriott at 6845 W. 103rd Ave., which is adjacent to the Marriott. The group has plans to build a 115-room Hyatt Place hotel in Westminster after the Marriott is completed.
Michael Davidson may be reached at 303-630-1943 or via email at firstname.lastname@example.org.
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