Description

JLL Capital Markets, as the exclusive advisor, is pleased to present Phases II and III of the Williams Village II Redevelopment opportunity, located at 2952 Baseline Rd in Boulder, Colorado. Phase II is 5.49 Acres, while the opportunity for Phase III is 2.12 Acres. The seller is willing to sell these in bulk to one purchaser, or split them up in two separate transactions.

Williams Village II offers a rare opportunity to acquire Phase II and Phase III in Boulder's highly restricted market. Stringent zoning and limited land have created extreme supply constraints. This opportunity bypasses years of regulatory hurdles in one of the country's most desirable locations. Phase II has a signed Development Agreement with the City of Boulder. This agreement is for the development of 306 market-rate residential units and 58,365 SF of retail. The sellers are currently working on technical documents and the plat. These approvals are expected shortly. Following the approval of these items, the purchaser shall be required to submit for full building permit plans, which is expected to take 12 - 18 months. Phase III does not currently have any entitlements, outside of zoning. The purchaser shall be required to undergo a site plan amendment, as well as all other entitlements for this site prior to being able to break ground.

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Attributes

Phase II Land Area

5.49 Acres | 239,144 SF

Phase III Land Area

2.12 Acres | 92,347 SF

City

Boulder

County

Boulder County

Zoning

BC -2 (Business Community - 2)

Phase II Current Land Use

Retail Center | 64,750 SF

Phase III Current Land Use

Broker Inn Hotel | 70,956 SF

Water & Sewer Provider

City of Boulder | Available to Site

Electric & Natural Gas Provider

Xcel Energy | Available to Site

Mill Levy

88.238

Media

Investment highlights

Generational Assemblage in a Land-Constrained Market

Rare Land opportunities in Boulder's core, where decades of growth controls and restrictive zoning have created severe supply limitations and exceptional scarcity value

Significant Entitlements Cut Timeline and Regulatory Risk

Unanimous City Council approval secured for Phases I and II establishes a proven entitlement pathway and strong precedent for Phase III Site Plan Review approval

Direct Proximity to CU Boulder Main Campus

Prime location adjacent to 40,000+ CU Boulder students with an established Williams Village I transit system, walkable campus access, and immediate proximity to one of the nation's most affluent and educated demographic bases

High Wealth Concentration

Boulder's affluent population has a median household income of $93,000 and average home values exceeding $1.2 million. This strong economic profile supports high-end mixed-use residential and retail development for Williams Village II