A local real estate investment group that owns flexible warehouse space on Walnut Street in Boulder could redevelop the site with new office space that would be marketed to life science and biotechnology companies.
The project, called West Meadows, is due for concept review Thursday by the Boulder Planning Committee.
West Meadows would be located on approximately five acres of land at 3825 Walnut St. and presents a “significant opportunity for cutting-edge two-story science and technology development,” according to documents submitted to the city by representatives of the landlord. West Meadow LLC, a holding company affiliated with Conscience Bay Co. LLC.
CBC is a Boulder-based real estate investment group that focuses on both commercial properties and agricultural assets. Its local portfolio includes an auto dealership at 3150 28th St. and an industrial building at 3550 Frontier Ave.
West Meadows’ plan calls for a 112,423 square foot building with pitched roofs that can reach the city limit by 55 feet.
“The purpose of this project is to take a stand on what it means to be a piece of Boulder and to serve as an example of how a development can serve both stakeholders and the community,” CBC told the city.
If West Meadows were to come to fruition, it would continue the popular office and lab trend in Boulder with a focus on life sciences tenants.
An example of this trend is BioMed Realty LLC’s purchase of Boulder’s Flatiron Park business campus. About 15% of Flatiron Park is home to life science tenants, and part of BioMed’s investment will be retrofitting buildings to bring that percentage closer to 50%.
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