Redevelopment taking shape 10 Lafayette
The first phase of redevelopment plans for Coal Creek Sports Center, at the southeast corner of U.S. Highway 287 and South Boulder Road, has received preliminary approval from the city’s planning department. Pending final approval, Jarrett Armstrong of Armstrong Capital Development in Centennial said the plan is to break ground by early next year and deliver the first phase to tenants in the second half of 2014.
Armstrong said his company is working on finalizing the purchase of three acres at the 7.25-acre site that includes a 55,000-square-foot commercial building anchored by a bowling alley and supplemented with retail shops.
The first phase of the redevelopment that will be dubbed Lafayette Crossing includes four pad sites. Three sit along South Boulder Road, in front of the bowling alley and shopping center where only a vacant former gas station sits now. A sit-down restaurant is intended for one of those locations while the other two will be multi-tenant retail buildings. The fourth pad will be to the south of the bowling alley off of Stacy Court. That pad is slated for a Christian Brothers Automotive Center.
Don Casper Architects of Highlands Ranch is designing the project, and Williams Construction of Lakewood is general contractor. Sullivan Hayes will handle the leasing.
In September, the city approved an incentive package for Lafayette Crossing that includes a rebate of 50 percent of the sales tax generated from the site for the first 10 years, as well as various permit fee waivers.
Coal Creek Sports Center is owned by Dick Blumenheim of Boulder, and Armstrong said Armstrong Capital Development’s intent is to purchase the rest of the land, which includes the shopping center, for Phase 2 of the project. Armstrong said he couldn’t disclose the purchase price for any of the land until the deal has closed.
The timeline for Phase 2, Armstrong said, depends on the market. What Phase 2 consists of also is up in the air with regard to whether the 55,000-square-foot building would be refurbished or redeveloped.
BHP STARTING APARTMENTS: Construction of Boulder’s first housing development for the homeless is under way.
Boulder Housing Partners’ 31-unit apartment complex at 1175 Lee Hill Drive in North Boulder will provide permanent homes and supportive services for homeless people to help them achieve long-term stability and self-reliance.
Boulder Housing Partners, the city of Boulder’s housing authority, builds, owns and manages affordable housing for low- and moderate-income Boulder residents.
Boulder-based Deneuve Design Inc., doing business as Deneuve Construction Services, is the general contractor for the $7.6 million project. Humphries Poli Architects PC in Denver is handling the design.
Funding for the project is coming from Boulder County, the Colorado Division of Housing, the city of Boulder, Fannie Mae and Colorado Housing and Finance Authority.
The two-story, multifamily apartment building will have one-bedroom, furnished units. Residents will have access to indoor and outdoor community spaces, laundry facilities and a community room for classes and social events.
Residents will be charged rent of up to 30 percent of their income. The remainder of the rent will be covered by a federal voucher from the U.S. Department of Housing and Urban Development.
Prospective tenants may apply if they are an unaccompanied homeless individual with a disabling condition who has either been continuously homeless for a year or more or has had at least four episodes of homelessness in the past three years. They can apply online at www.boulderhousing.org/LeeHill.
MAIN STREET MOVING: Main Street Power Co. Inc. is gearing up for expansion with a planned move from 1245 Pearl St. to 4875 Pearl East Circle. The new 8,671-square-foot location is more than double the size of Main Street’s current digs.
Wade Wimmer of CBRE and Brady Alshouse of Jones Lang LaSalle represented the tenant in the new lease, while Chad Henry and Nate Litsey represented landlord W.W. Reynolds Cos.
Main Street Power closed a $5 million Series B round of equity fundraising earlier this month. Eric Hinckley, chief technology officer and senior vice president, said the company has tripled its residential business over the past year and doubled its commercial business.
ORBOTIX, REVOLV SHUFFLE: Orbotix Inc. is preparing for more growth, planning a late November or early December move from its office in downtown Boulder to 4772 Walnut St., in the Tierra Centre Business Park.
Orbotix, maker of the Sphero robotic ball that can be controlled with a smartphone, recently leased 16,374 square feet of space in the business park in east Boulder. It will leave behind about 6,800 square feet of space at 1155 Canyon Blvd.
Brokers Wade Wimmer of CBRE and Ken Gooden and Mike Deatly of Jones Lang LaSalle represented Orbotix in the lease, while Chad Henry and Nate Litsey of W.W. Reynolds Cos. served as listing agents.
Once Orbotix leaves 1155 Canyon, Revolv Inc. is ready to fill the void.
Revolv will sublease the space at 1155 Canyon. With the launch of its smart-home automation solution slated for late October or early November, Revolv already has moved into temporary space close by to ease some of the transition.
Revolv co-founder and head of marketing Mike Soucie said the company outgrew its 1,000-square-foot home at 2060 Broadway. The company moved in late August into first-floor space at 1155 Canyon, subleasing from First National Bank. Revolv will move upstairs into its permanent home when Orbotix leaves.
IMBA EXPANDS: The International Mountain Biking Association is relocating from 207 Canyon Blvd. to 4888 Pearl East Circle, where the nonprofit organization has leased 6,371 square feet of space.
IMBA executive director Mike Van Abel said the new location provides room for expansion and the addition of staff. The IMBA, with 35,000 members worldwide, is an advocacy organization geared toward encouraging low-impact riding, volunteer trailwork participation and innovative trail-management solutions.
Jason Kruse of The Colorado Group represented IMBA in the lease, while Nate Litsey represented landlord W.W. Reynolds Cos.
HILLTOP PLAZA DEALS: Transwestern announced the completion of a pair of lease deals at Hilltop Plaza, the retail and office building at 1310 College Ave., on University Hill.
Spark Boulder, a University of Colorado student-run co-working and incubator space, has leased 5,482 square feet in the building’s basement, with a planned November opening. BoCo Café, meanwhile, has leased 1,742 square feet in the food court, where it will be open for breakfast, lunch and dinner and feature a full-service coffee and espresso bar.
Transwestern’s Karen Clarke and Bucky Dilts represented landlord GCP Hilltop Plaza LLC in the deals.
R/X BUYS BUILDING: The owners of R/X Automation Solutions Inc. closed recently on a deal to purchase a building at 1314 Sherman St., in Longmont for $779,000.
R/X will begin moving its headquarters there this month, although it likely will be spring before the company is occupying the entire 14,070-square-foot space.
The Denver Post occupies part of the building with a distribution center that serves the Post, the Boulder Daily Camera and Longmont Times-Call. The Post has a lease that runs through April, and senior vice president for circulation Bill Reynolds said the company is exploring other options for a new distribution center, adding that it would likely remain in Longmont.
R/X secretary-treasurer Heather Chambers said her company in the meantime will move its production operations into about 6,000 square feet of the building.
R/X engineers and manufactures packaging and inventory-management systems for the mail-order pharmacy industry. It is based at 1830 Boston Ave., where its lease ends at the end of this month. The company also leases about 3,000 square feet at 105 Sunset Ave., and will pick up an additional 3,000 square feet there where it will move the rest of its office and staff until it can fully occupy the new building.
Sherman Street Ventures LLC, the entity formed by R/X owners to purchase 1314 Sherman St., bought the building from Bramwood LLC. Jason Kruse of The Colorado Group represented the buyer, while Bramwood was represented internally.
R/X added an information technology and software division this year, and Chambers said the company is looking at new channels for its business as well, such as diagnostic labs and Internet retail companies.
MUSEUM BREAKS GROUND: Ground has been broken for the expansion of The Longmont Museum.
The groundbreaking marks the next stage in the museum’s $4.2 million project to construct a 250-seat auditorium, a multipurpose education space and an atrium/event space next to its current building at 400 Quail Road in southeast Longmont.
The expansion is being designed by OZ Architecture of Boulder/Denver, the same architects who designed the original Longmont Museum building, completed in 2002.
Funding for the expansion has come primarily from private sources, led by contributions from the Stewart family of Longmont. The expansion project is expected to be completed in late 2014 or early 2015.
DOCS PURCHASE BUILDING: The group of doctors that owns Orthopedic Professional Association PC closed recently on the purchase of the medical office building at 1032 S. 88th St., in Louisville, setting the stage for the practice to move both of its office locations.
Orthopedic Professional Association, rebranding as Boulder Bone and Joint, paid Dr. Scott Replogle $1.2 million for the 4,700-square-foot building. Replogle, a plastic surgeon, announced earlier this summer that he’s downsizing his practice as he transitions to retirement, and he’s now seeing patients only on Fridays at the Avista Office Building One in Louisville.
Broker Todd Walsh of The Colorado Group represented Replogle in the sale of the building, while Boulder Bone and Joint’s owners were represented by their attorney.
Boulder Bone and Joint has offices in Boulder at 1155 Alpine Ave. in Boulder and on the Avista Adventist Hospital campus in Louisville. The group will move its Louisville practice into the building at 1032 S. 88th, just across the street from Avista’s campus.
Boulder Bone and Joint’s owners in spring paid $605,000 for the shell of a 2,449-square-foot medical office condominium at 4820 Riverbend Road, across the street from the Boulder Community Hospital Foothills campus. Once buildout is complete, Boulder Bone and Joint will move its Boulder office there around Nov. 1 in preparation for Boulder Community moving its Broadway operations to the Foothills campus next year.
SOUP WORKS MOVING: RNB Boulder LLC, an entity formed by the owners of Boulder Soup Works, paid $1.68 million recently to purchase the former Community Food Share building at 6363 Horizon Lane in Niwot.
Boulder Soup Works founder Kate Brown said the company is planning a move from 2510 47th St. in Boulder, where it has a little less than 10,000 square feet. The timeline for the move still is to be determined.
Boulder Soup Works manufactures and distributes organic soups.
Joshua Lindenstein can be contacted at 303-630-1943 or firstname.lastname@example.org.
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