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30Pearl

30Pearl

30Pearl Project Update: Call for Offers

*NOTICE: Bid Due Date Moved to Friday April 17, 2020, by 5pm. 

Questions can be submitted to Housing-30Pearl through April 3 

On Feb. 16, the city noticed an Offering Memorandum (Call for Offers) for the sale of two developable parcels, quadrants 3 and 4N, at 2360 30th Street, Boulder, CO 80305: 30 Pearl. 30 Pearl includes 5 quadrants; two are the subject of this call for offers, two are being developed by BHP as permanently affordable housing and one is being developed by Morgan Creek Ventures as market rate rental housing above ~18,600 sq. ft. commercial half of which will be leased at below market rates.
 
Boulder Housing Partners, the city housing authority, is the master developer responsible for completing the site level planning, utility and affordable housing entitlements of the two sites being offered for sale must be developed in coordination and corporation with the other three properties.
 

Planning Board approved the Form-Based Code – The 30Pearl property has all entitlement approvals. The parcels owned by BHP are under construction. The Q1 parcel is moving through TEC doc approval process. The Q3 and Q4North parcels will need to go through TEC Doc to receive a building permit. Development Agreement LUR2018-00064 provides approval for the BHP parcels and the North parking garage. Notice of Disposition for FBC Review Application LUR2019-00028 provides entitlement approval for Q1, Q3 and Q4North. 

30Pearl Bid to Contract Timeline

  • April 24 - Select and notify top bidders
  • May 1 - City staff will meet one-on-one with selected parties during this week
  • First week of June - Under contract with selected bidder(s)

Resources

Map of 30Pearl

Summary

30Pearl is located in the south west corner of Boulder Junction, a 160-acre redevelopment area that is being transformed into a mixed-use, pedestrian-oriented neighborhood with regional transit connections and public spaces that will benefit the entire community. The vision for the area is guided by the 2007 Transit Village Area Plan (TVAP). pdf

The impetus for Boulder Junction began in 2000, when the City of Boulder initiated a planning effort for a transit-oriented development (TOD), in anticipation of new transit facilities. 

The goals for purchasing 30Pearl are:
  • Advance Boulder’s long-range vision for a TOD that maximizes public investment in multimodal transportation, infrastructure improvements and affordable housing;
  • Create a mixed-use development with predominantly residential uses and some supporting commercial uses;
  • Create a range of housing types, including up to 50 percent permanently affordable housing, and;
  • Create a mix of ownership and rental housing.

Council Action

  • 2019              
    • Fourth Quarter, Council approves the disposition of 30Pearl to BHP
    • Fourth Quarter, Council approved the disposition of Q1 to Boulder-based Morgan Creek Ventures
  • 2018
    • Fourth Quarter, City Council voted in support of Boulder Housing Partners as Joint Master Developer for the site 

Contact Information

For questions and answers about 30Pearl email city staff at:  [email protected] .


Notice of Nondiscrimination

Equal Housing Opportunity logo

The City of Boulder, Division of Housing does not discriminate on the basis of race, color, religion, gender, age, national origin, disability, marital status, familial status, sexual orientation or military status in any of its programs, services or activities.

Reasonable Accommodation

The Department of Housing and Human Services, upon request, will provide appropriate aids and services leading to effective communication for qualified persons with disabilities so they can participate equally in programs, services and activities. Anyone who requires an auxiliary aid, communication service, or a reasonable accommodation to participate in a program, service, or activity of the Department, should call the ADA/Section 504 Coordinator at 303-441-3231. For hearing or speech impaired residents, please dial 7-1-1 for Relay Colorado.

For more information on legal notices and resources, visit: bouldercolorado.gov/housing/legal-notices