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 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.
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.