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S’PARK: $100 million mixed-use project for Boulder

January 19, 2016 6
S'PARK Boulder

Aerial rendering of S’PARK courtesy Element Properties

In a new joint venture, Kinship Capital, The John Buck Company and Element Properties, have closed on a land investment to redevelop the Sutherlands lumberyard site in Boulder. This mixed-use development has been titled S’PARK which is short for Sutherland Park. S’PARK is projected to be a $100 million development. The property is 10.8 acres in size.

The development will be developed at 3390 Valmont Road which is located approximately 2 miles east of downtown Boulder.

Element Properties, a real estate development company founded in 2010 by Chris Jacobs and Scott Holton and based in Boulder, focuses on infill market-rate housing, affordable housing, and mixed-use developments.

“S’PARK promises to be an incredible place for Boulder,” said Scott Holton of Element Properties. “With this great new development team in place, we look forward to partnering with the Boulder community to see this project to completion and into the future.”

S'PARK Boulder

Rendering courtesy Element Properties

S’PARK is slated to feature 100,000 square feet of office space, a total of 250 condo and townhome units, and leasable space for retail and restaurants. Boulder-Based Sopher Sparn Architects is the firm that designed this development. Jones Lang LaSalle will be handling the leasing of the office space.

S'PARK Boulder

Rendering of S’PARK courtesy Element Properties

The development team states that the project will be consistent with Boulder’s commitment to sustainability and transportation initiatives. S’PARK has been designed to meet the U.S. Green Building Council’s LEED Platinum standards.

“This project represents the best that development can offer – a great place for the community, much needed housing and office space and a really fun and creative atmosphere – all in a truly pedestrian-
oriented neighborhood,” said Kevin Hites of The John Buck Company.

S’PARK is expected to break ground in mid-2016 and begin delivering residences and offices in late 2017; it was unanimously approved in September 2015 by the Boulder planning board.

There are 6 comments

  • Ryan says:

    I’m a little surprised by the omission of SPARK’s immediate proximity to the recently opened Boulder Junction at Depot Square Station and the future B Line expansion. Much more than just a project “consistent with Boulder’s commitment to… transportation initiatives,” SPARK could and should be seen as a Transportation Oriented Development (TOD) related to RTD’s ongoing and planned FasTracks expansions. Even Sopher Sparn Architects, describing their design, claim that SPARK is a “a true mixed use and transit-oriented place for Boulder Junction.” I have a hard time entertaining the possibility that this was anything but purposeful negligence or willful ignorance.

    • Justin says:

      Hi Ryan, The intention of the article was to share a few renderings and give a brief overview of the development and mention the members of the development team. The article was not intended to provide a comprehensive overview of this project’s position in the transportation landscape of Boulder. I am no way, nor do I have any motivation to be negligent or willfully ignorant in covering projects as you mentioned in your comment. The template for my articles is to provide the basic facts: square footage, number units, construction timeline, project renderings, mention members of the development team and so forth. My articles average around 300 words. Not trying to irritate anyone by not mentioning Boulder Junction Station and B Line expansion. Are you involved in the S’PARK development or just a reader that would like to see more information about how specific developments fit into the context of their community’s transportation fabric?

  • Nik says:

    Do you know yet who the GC is going to be?

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