News, Analysis and Opinion for the Informed Boulder Resident
Tuesday June 25th 2019

Support the Blue Line

Subscribe to the Blue Line

That's what she said

city council transportation energy municipalization xcel housing urban planning april fools bicycles climate action election 2011 density boulder county open space affordable housing election agriculture renewables CU local food climate change election 2013 development jefferson parkway youth pedestrian election 2015 preservation Rocky Flats election 2017 recreation BVSD immigration mountain bikes boards and commissions decarbonization transit urban design GMOs fracking plan boulder farming fires wildlife colorado politics downtown architecture smart regs new era colorado plutonium natural gas journalism homeless planning board transit village parking commuting ghgs radioactive waste land use taxes rental height limits coal historic preservation april fools 2015 walkability historic district diversity energy efficiency Neighborhoods population growth flood students growth North Boulder gardens arts education election 2010 election 2018 solar bus water supply zoning University Hill nutrition RTD bike lane electric utility library safety sprawl groundwater water quality election 2012 affairs of the heart april fools 2016 renewable energy organic flood plain planning reserve mayor zero waste blue line wetlands county commissioners hogan-pancost politics electric vehicle hazardous waste transportation master plan obama longmont ballot right-sizing street design colorado legislature solar panels PV recycling golden comprehensive plan climate smart loan diagonal plaza Mapleton campaign finance bears flood mitigation conservation easement epa food boulder junction congestion pesticide road diet drought election 2016 planning inequality bus rapid transit flooding oil daily camera climate change deniers automobile PUC children ecocycle community cycles BVCP Newlands community league of women voters wind power public health ken wilson david miller sam weaver mlk crime civil rights boulder creek west tsa contamination city attorney al bartlett public spaces green points technology EV Orchard Grove marijuana Whittier arizona

Recession, Lending Take a Toll on Development in Boulder


By

Construction of new for-sale housing declined during the first half of 2010, reflecting the difficulty in obtaining financing and the lingering effects of the recession. Boulder’s economy was much more resilient than that on the national level but lenders are still reticent to approve many mortgages for new construction of any type, anywhere.

During the first half of 2010 the City of Boulder issued building permits for 318 new residential units (net of demolitions). That’s close to double the total for all of 2009 but is inflated by the presence of the 238 units permitted at one project, the Residences at Twenty-Ninth Street, a new apartment project at 30th and Walnut Streets. The Residences is the first substantial apartment community built in Boulder in seven years, since land costs generally lead developers to do for-sale rather than for-rent housing, even though Boulder normally has one of the lowest apartment vacancy rates in metro Denver.

The following table shows the number of building permits issued by the City of Boulder since 2000, including the first half of 2010:

SF SF Mobile Demos Demos Net
Detached Attached MF Homes SF MF Total
2000 106 16 10 0 21 7 104
2001 71 55 246 1 30 5 338
2002 61 4 195 0 23 12 225
2003 78 38 155 0 34 6 231
2004 83 33 425 0 19 0 522
2005 77 16 108 2 42 0 161
2006 108 25 160 0 38 14 241
2007 108 20 510 0 57 2 579
2008 101 33 304 0 39 5 394
2009 48 29 103 0 13 0 167
2010 23 6 299 0 5 5 318

SF in the table denotes single family units, with attached being townhouses or duplexes. MF is the multi-family category for apartments and condominiums. Demos denotes the number of full-structure demolition permits issued.

One can clearly see the increasing role of multi-family housing in Boulder, reflecting changes in demographics and land costs. The “scrapes” activity has subsided since 2008 as issues of recession and financing reduce the market for large single family houses. Stricter City regulations may also have deterred some demolitions and replacements.

Most of the new construction currently underway in Boulder is limited to University of Colorado buildings, the Residences at Twenty-Ninth Street and on-going residential projects in north Boulder at the Dakota Ridge, Holiday and Northfield neighborhoods. Even with a reduction in development activity there are seven substantial projects currently in some stage of the approval process:

  • The Armory is a 5.2 acre redevelopment of the former US Army Reserve center at 4640 Table Mesa Drive. Peter Stainton is seeking approval to rezone the site to allow 37 to 41 townhouse and condo units.
  • The controversial Boulder Creek Commons residential development on 55th Street south of the East Boulder Community Center is still on the list as an annexation petition, although nothing has showed up yet on Planning Board or City Council agendas.
  • Boulder Housing Partners, in conjunction with Morgan Creek Ventures, has proposed to develop 59 affordable apartments at 4990 Moorhead Avenue, just north of Table Mesa Drive.
  • Covidien is seeking to amend property boundaries with another owner so that the company can construct a 64,862 square foot office building and 140,000 square foot parking garage on their campus at 5290 Logbow Drive in Gunbarrel.
  • An annexation petition has been filed for a 9.9 acre tract at 3015 Kalmia Avenue for Harper Hollow, a previously announced residential mixed-use community adjacent to Northfield.
  • Junction Place Village is a proposed apartment project at 3100 Pearl Street, across the street from the proposed RTD express bus station. Pedersen Development Company wishes to construct 319 residential units with 15,964 square feet of commercial space.
  • Thistle Community Housing, in partnership with Coburn Development, is seeking approval to redevelop a part of a mobile home park at 1000 Rosewood Avenue into 16 single family homes and a duplex.
  • Red Oak Park (former site of Boulder Mobile Manor) on Valmont Road east of Folsom Street, being developed by Boulder Housing Partners and Coburn Development, will have 59 affordable units (single family, duplex and triplex).

The City of Boulder has improved its online tracking system for rezonings, site plans and building permits but I still find numerous errors, so users should take care in doing research. There are numerous duplications, out-dated information and inaccurate project locations on the provided applications map.

Once the economy improves, and lenders start to once again fund new construction, there will be other projects proposed.

Rate this article: 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

What do you think? Leave a comment!

You must be logged in to post a comment.