Nearly $30M in construction financing has been arranged for a 69K SF office building in Boulder.
Called S’PARK Railyards, it is located at 3401 Bluff St. and is slated for a March 2021 completion. It is being developed by The John Buck Co., Kinship Capital and Element Properties.
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The loan was secured through Wintrust Financial Corp. and was arranged by JLL Capital Markets.
S’PARK is a master-planned community in Boulder. Upon completion, it will have 288 multifamily units, over 106K SF of office space and over 31K SF of ground-floor retail.
The Railyards office building will be four-stories with ground-floor retail space. It is currently 92.4% preleased.
Boulder is a popular office market. According to the Boulder Economic Council, it has the most educated workforce in the nation.
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