Colorado-Real-Estate-Journal_378941

Page 18 - January 3-16, 2024 www.crej.com Mixed-use by Avalon Jacka BOULDER – Boulder Com- mons opened the third com- pleted phase of the mixed-use development, delivering 108,000 square feet of multifamily and retail space in the Boulder Junc- tion neighborhood. The joint venture between San Francisco-based Grounded Capi- tal and Boulder-based Morgan Creek Ventures marked the opening of The Pearl at Boul- der Commons in December. The development is comprised of three buildings located at the corner of 30th and Pearl streets that aim to use 35% to 50% less energy than a typical multifamily building. Coburn Architecture designed the project, with energy modeling and systems engineer- ing by Mazetti and construction by W.E. O’Neil. Greystar is the residential leasing agent. The 77-unit Pearl at Boulder Commons includes a mix of one-, two- and three-bedroom apart- ment homes. Each unit is 100% electric and features Energy Star- certified appliances, modern cabinetry, under-cabinet lighting, floor-to-ceiling living room win- dows, and a balcony or terrace. Community amenities include lobby lounges, roof decks with views of the Flatirons, and under- ground garage parking, as well as an art collection by a mix of estab- lished and emerging local artists, curated by Nine dot Arts. The development maximizes energy and water efficiency through air sealing, continuous exterior building insulation, highly insu- lative triple- and quad-pane win- dows, eGauge energy metering systems, LED lighting, water-sav- ing fixtures, and low-water irriga- tion systems and plantings. The 19,500-sf retail space at the development marks the begin- ning of a new partnership with the city of Boulder that provides below-market-rate commercial space to qualified tenants to cre- ate affordable retail space within the property amid escalating commercial rents within the city. “The retail for Pearl at Boulder Commons is located at what is becoming a second business hub, after downtown Boulder, but with a much higher residential density in a smaller area,” said Angela New development Pearl at Boulder Commons opens by Avalon Jacka ERIE – A new mixed-use devel- opment southwest of downtown Erie is aiming to become the town’s “new center of gravity.” Erie Town Center - Four Cor- ners, situated on the southwest corner of Erie Parkway and Coun- ty Line Road, will bring more than 95,000 square feet of retail, flex, restaurant and office sp ace for local and regional businesses. The site shares the intersection with a future grocery-anchored retail cen- ter on the northwest corner; Erie Library and Erie Community and Recreation Center and Park on the northeast corner; and national and local retail options on the south- east corner. Erie Town Center - Four Corners will address a lack of commer- cial real estate space in the town. The site will include 48,500 sf of retail/flex space, 31,500 sf of office space, 12,000 sf of medical/well- ness space, and multiple restau- rant spaces. Commercial spaces are both for lease and for sale with flexible footprints. The develop- ment will also feature an outdoor promenade, event space, walkable amenities and more than 500 new residential units with “live/work” opportunities as well. Initial phas- es of the development are expect- ed to be delivered by mid-2025. The development is being led by David Waldner and David Starnes of Erie Four Corners LLC. Pel-Ona Architects & Urbanists is serving as the architect, and PG Arnold Construction was recently selected as general con- tractor. BuildMark is serving as construction manager. PCS Group Erie Four Corners creates town center with mixed-use plan The 108,000-square-foot Pearl at Boulder Commons development includes 77 multifamily units and 19,500 square feet of retail space. Please see Pearl, Page 19 Please see Erie, Page 37 Erie Town Center - Four Corners will provide the town with more than 95,000 square feet of retail, flex, restaurant and office space for local and regional businesses, as well as more than 500 new residential units. Building business success through expert commercial real estate solutions. Get in Touch | 719-598-3000 | olivereg.com Commercial Brokerage | Development Services Property and Association Management Services