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30 Pearl

30 Pearl

Project Update: Review the Call for Offers- Updated 3/15/19 pdf

Monday, March 11, 2019, the city noticed an Offering Memorandum (Call for Offers) to purchase one developable parcel, quadrant 1, at 2360 30th Street, Boulder, CO 80305. Two additional parcels, quadrants 3 and 4 North will be offered at a later date. Staff presentation will be held will be held Monday, March 18 from 1 to 3 p.m. and Tuesday, March 26 from 9 to 11 a.m. in the City Council chambers, 1777 Broadway. Staff from Planning & Development Services, Housing and Human Services, City Attorney’s Office, Community Vitality (Access & Parking) and Parks and Recreation will present important information about the project and be available to answer questions. Interested parties are encouraged to attend. The city will not be responding to questions on this project or process until the first staff presentation. You can now review the Call for Offer due diligence documents- Updated 3/15/19.
 

Boulder Housing Partners (BHP), the city housing authority, is charged with completing the site level planning, utility and affordable housing entitlements of this project. The three sites for sale must be developed in coordination and corporation with BHP’s properties.

Inclusionary Housing (IH), which requires that all new residential development contribute 25% of the total dwelling units as permanently affordable housing, applies to the future development at 30 Pearl. The Master Developer has committed to satisfying IH by constructing 100% of the required affordable housing on-site. Purchasers of parcels in the development will contribute to the on-site outcome through the land cost which will include satisfaction of the IH requirement. Additional details will be provided in the Call for Offers materials.

 

Summary

Boulder Junction is 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 30 Pearl were:
  • 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

  • First Quarter 2019- A ‘Call for Offers’ will be noticed for the selection of a buyer(s) for the market quadrants on the site, quadrants 1, 3, and 4 north
  • 2018
  • First Quarter 2018
    • City Council voted in support of a motion authorizing the City Manager to enter a joint development with Zocolo Community Development for the development of the site
  • Third Quarter 2017
  • City Council voted to approve staff’s recommendation for the redevelopment of the site with Zocalo Community Development as the partner
  • Staff and Zocalo Community Development draft Joint Development Agreement
  • Second Quarter 2017 – Selection process began
  • First Quarter 2017 – Council approval of developer solicitation and future selection process

Contact Information

[email protected] is the preferred way to contact staff for questions and answers about 30 Pearl.

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