New Luxury Apartments and Retail Space Downtown

The downtown apartment scene just grew with the recently approved plan for adding a 20-unit luxury apartment building at 1707 Walnut Street.   Purchased by Element Properties, a Boulder-based developer and property-management company, and a group of undisclosed investors, the building will also have about 8,000 square feet of retail space.     

The apartments, which will be one- and two-bedroom units, are likely to rent for about $2 per square foot, according to Element Properties and will be marketed to young professionals working in downtown Boulder and empty nesters. 

A report released in October by the Colorado Division of Housing said the vacancy rate for apartments in the city of Boulder, excluding the university area, to be 1.8 percent.   Residential construction in the past has focused on luxury condominium complexes - this the first apartment building to be developed downtown in 25 years.  Look for the opening in early 2014.

Chamberlin Investment Group Ribbon Cutting

The Boulder Chamber of Commerce and the Chamberlin Investment Group will be having a ribbon cutting ceremony to mark the opening of the Chamberlin Investment Group, Value Preservation, and Chamberlin Property Management.  

Please join us on Thursday, Nov 29th  from 4-5pm at the Chamberlin Investment Group office, 949 Walnut, Ste. B in downtown Boulder, just across from the St. Julien.  Meet our staff, enjoy hors d'oeuvres and celebrate our Grand Opening!   

Housing Shortage?

As you've seen in recent reports locally and nationally, our housing market is much improved today, with home sales and prices heading up.  But according to reports in Realtor magazine (Nov/Dec), along with these improvements come the long-term challenge of falling inventory.  This trend is no stranger to Boulder.  While our market was certainly flat over the past year and a half but didn't drop like many other areas.  We did see slower new construction growth and steady growth in the rental market, combine those with a typically 15% lower inventory in winter, and we may see prices rising higher and faster than analysts anticipated. 

If you'd like recommendations on buying, listing your house or renting this winter, please call or email me.  

Rocket Science

Ball Aerospace & Technologies Corp. was recently awarded a contract with the nonprofit B612 Foundation to build infrared imaging sensors for the Sentinel Mission satellite. 

The B612 Foundation aims to build, launch, and operate the first privately funded deep space mission – a space telescope to be placed in orbit around the Sun for discovery and mapping. The map will track asteroids' paths during the next 100 years to provide advance warning of a collision. Their goal is to protect Earth by providing early warning of threatening asteroids.

Sentinel will take approximately five years to complete development and testing, to be ready for launch in 2017 or 2018.  Congratulations to John Troeltzsh, Ball Aerospace & Technologies Kepler Program Manager, for his efforts in securing this contract for Ball.  Way to go, John!