Boulder Lofts

Lofts in Downtown Boulder Move Quickly
New buildings featuring mixed uses on the downtown Boulder landscape have become a common occurance. First it was Boulder One Plaza, then the St. Julien, then 1505 Pearl and 1155 Canyon. Construction on The Walnut at 1655 Walnut Street is slated to begin this month, and numerous other projects are in the planning process. This upscale market – which includes a reported appreciation rate of as much as 50 percent, immediate access to Pearl Street Mall’s restaurants and shops, and proximity to hiking trails, all mixed with a new found hint of big-city life – is attracting more Boulder residents and vacationers. The developing urban environment, which still encompasses the hometown feel and sense of community Boulder is known for, presents a compelling argument for buyers to explore the options downtown living offers.

With an extremely limited supply and a huge demand, these condos are selling fast: nine of 34 units of The Walnut are already under contract. Prices of units in the building range from $500,000 to $3.5 million. The inventory of lofts at 1155 Canyon, priced between $400,000 and $5 million, sold out within a week. Purchasers in this market range from young professionals to “downsizers” and vacation-property owners. With high rental rates and excellent appreciation, downtown condominiums offer great investment potential, as well. Because of the discrepancy between supply and demand, this area of the market is insulated from the rest of Boulder and has remained strong even while new construction everywhere else has slowed. Things here are only getting better: the developers are striving to create a higher-quality product, incorporating green building practices, and bringing in acclaimed architects such as Mark Harbick from Huntsman Architectural group in San Francisco to design The Walnut.

The trend in Boulder is moving toward that of a vacation destination with limited prime real estate available, so now is the time to buy. Do not miss the chance to own a piece of truly luxury living in downtown Boulder before it’s too late. It is an exciting time to buy downtown Boulder real estate. Contact us to assist you in exploring the benefits of downtown luxury condominium living today!

By RE/MAX of Boulder, Inc.