03.20.19 HAB 30-Pearl Presentation1
30 Pearl
Update
March 20, 2019
BoulderColorado.gov/
Housing/30Pearl
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LOCATION
OVERVIEW
•Transit Village
Area
•Surrounding
Areas
North:
Steelyards, S*PARK
The Commons
East:
RTD, Hyatt Place
South:
REVE and Griffis Apt.
West:
Google, Mapleton Ball
Fields
THE OPPORTUNITY
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Boulder Housing Partners
Master Developer w/ City
•Q1 offers due April 12, 2019
•Buyer coordinate with Master
Developer
•FBC Submittal Phase I & II
•BHP Quadrants, 2 & 4S, transferred
separately from Q1
•Entitlements complete
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•Form-Based Code
•Access & Parking
•Boulder Junction Access
District
•SUMP
•District & PILOT Fees
•Below-Market Commercial
•Inclusionary Housing
GENERAL EXPECTATIONS
&
REQUIREMENTS
QUADRANT 1
QUADRANT 2 QUADRANT 3
QUADRANT 4S
QUADRANT 4N
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FORM-BASED CODE
City and BHP Initiating FBC
Phase II for other quadrants
Includes building form and
bulk
•Purchaser will be
responsible to initiate Tec Doc
and Building Permits
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ACCESS & PARKING
•30 Pearl Parking
•Garages:
•Q1
•Q2 &3
•Parking
•Q4 North
Lease spaces from Q1
•Q4 South
Parks in Q2
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Economic Vitality, Community Character,
Social Sustainability
17,000 Square Feet
Ground floor
Units average no more than 2,000 SF
BELOW MARKET –
RATE COMMERCIAL
Facing northeast across
30th St.
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Affordability Base rent at 75% of market Triple net at full cost
AccessOpen marketing Transparent tenant selection
PartnershipTest program conceptsOwner markets and selects tenants; city reviews and makes exceptions
BELOW MARKET –
RATE COMMERCIAL
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ACCEPTING BIDS
•Total Land Area 47,204 SF
Zoning Mixed-Use 4 (MU-4)
•For Sale Condominiums
+/-76 res units 1,2,3 beds,
Avg. ~930 SF
•Below Market Commercial
Space +/-17,025 SF
QUADRANT 1
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FUTURE OFFERING
•Total Land Area 71,263 SF
(less ~.6 acre park)
•Zoning Mixed-Use 4 (MU-4)
•For Sale Condominiums &
Townhomes
•+/-49 res units 1,2,3
beds, Avg. ~945 SF
•+/-14 TH ~1600 SF
QUADRANT 3
Park
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FUTURE OFFERING
•Total Land Area 11,717 SF
Zoning Mixed-Use 4 (MU-4)
•For Sale Condominiums
+/-30 res units 1,2,3 beds
•Preferred outcome
•Co-Housing and
Cooperative Housing
QUADRANT 4N
4N
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