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$17 Million, 72,000-SF Office, Condo Project In Boulder's Future

BOULDER CO-Two real estate veterans partner for a $17 million, 72,000-sf office and condominium project in the city's core. The project features nine units specially designed for those who live and work in the same space.

By John Rebchook | Updated on August 31, 2000

Two Boulder-based real estate veterans – Oz Architecture and Deneuve Construction Services – are partnering to develop a $17 million office and condominium project in the heart of Boulder.

The 72,000-sf Iron Flats project at Spruce and 23rd Sts. is the first project by Silk Purse LLC, which plans to team with other developers in the future, Janet R. Fogg, an Oz principal, told GlobeSt.com. Silk Purse is an urban infill development group created by Oz, which helped to design the Pearl Street Mall 18 years ago.

Iron Flats, slated for completion in 2002, will include 35,000 sf of commercial space and 27 condominium units, priced from $280,000 to $450,000 each. Unit prices could rise, says Phillip Shull, a Deneuve principal, who has been a general contractor and developer since the 1970s. “I think buyers will cut across all demographics,” Shull says. “I could see everyone from young professionals to empty nesters, who want to be able to walk to stores and restaurants buy here.”

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