Board OKs plans for Boulder Outlook site
Last Updated: 15:28 October 25, 2013
The plans proposed by Austin, Texas-based American Campus Communities Inc. (NYSE: ACC) would replace the hotel at 800 28th St. in Boulder with a two-building, 100-unit apartment complex geared toward University of Colorado students.
ACC is under contract to purchase the hotel from Republic of Boulder Hotel Group LLC, which paid $5 million for the property in 2002. Dan King, a partner in the hotel's ownership group, said this week that the sale could close by the end of the year.
The Boulder Outlook will continue to operate until ACC is ready to break ground.
"We're booking business through November of 2014," King said.
ACC officials could not be reached for comment.
The Outlook redevelopment plans will be considered for call-up by the city council at it meeting on Tuesday, Oct. 29. Planner Elaine McLaughlin said that given the unanimous planning board approval it would be unusual for the plans to be called up.
If council doesn't call up the plans, developers can move forward with technical document review and acquire construction permits, a process that can take a few months. If two-thirds of the council votes to call the item up, it would be scheduled for a public hearing at a future council meeting within 60 days.
ACC submitted two different concept plans for the site after the planning board suggested that the first had some issues that needed to be addressed.
"They came back with something that totally addressed all of the planning board's concerns," McLaughlin said.
The 4.3-acre site is slated to include two four-story buildings with an open area in between with a pool and sand volleyball courts. A six-level wrapped parking garage, with two levels under ground, is also included in the plans, complete with a rooftop deck on top of the parking structure.
The development comes in the wake of a pair of other apartment complexes just to the north that are soon to come online. Province at Boulder is under construction at 950 28th St., while the Landmark Lofts II at 970 28th St. is going through the technical document review process.
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