May 14, 2018
Boulder, CO —Element Properties, with Pinkard Construction and Sopher Sparn Architects, celebrated the grand opening of SPARKwest, Element Properties’ 45-unit permanently affordable multifamily flats and townhomes project in Boulder.
The Wednesday, May 9 grand opening festivities included a ribbon cutting and facility tours, and included remarks by Kurt Firnhaber, the City of Boulder’s deputy director of housing. "Not only is SPARKwest filling an urgent need for affordable housing in Boulder, it is also demonstrating how thoughtfully designed affordable housing developments can contribute to the City of Boulder's goals around housing, sustainability, equity, climate change and transportation. We need more housing developments that help us address our housing shortage and bring numerous other community benefits."
SPARKwest is designed for families and is the first completion within the greater S’PARK development, an 11-acre mixed-use, mixed-income area within Boulder Junction, which is a transit-oriented redevelopment project covering 160 acres surrounding Pearl Parkway just east of 30th Street. The SPARKwest units will be leased at 50% and 60% of Boulder’s Area Median Income.
SPARKwest is comprised primarily of two-story townhouse units with flats at the corners. The wood-framed development features brick, stucco, metal, and cedar siding with permeable pavers for water quality control, and ample bicycle storage.
Funding for SPARKwest includes soft debt from the City of Boulder, 4% federal Low Income Housing Tax Credits (LIHTC) and Colorado state LIHTCs. In addition, proceeds from the sale of tax-exempt bonds issued by CHFA have provided the project’s construction and permanent debt financing.
SPARKwest completed in March 2018.
More project information can be found at www.SPARKwestboulder.com
S’PARK – short for Sutherland Park – is at the former site of Sutherlands Lumber Yard.
With 56 years headquartered in the Colorado Front Range, Pinkard Construction Company is the Colorado leader in multi-family affordable housing construction. For more information, please contact Jim Mellor at 303.986.4555 or visit our website at www.pinkardcc.com.
Element Properties has been providing sensitive affordable and market-rate development projects in Boulder for over 18 years. Element Properties takes great pride in creating projects that are in harmony with their surroundings, preserving historic character whenever possible, and working with project partners towards inspiring outcomes to improve neighborhoods. Element Properties seeks to redefine the role of the developer through creative and sustainable solutions that respond first to community needs. http://www.elementproperties.com/
SOPHER SPARN ARCHITECTS LLC is a Boulder-based firm that specializes in innovative planning and design solutions that exceed the needs and expectations of their clients. Our firm is unified by the integration of client values, commitment to quality design, sound construction and sustainable design principles. Our diverse portfolio includes custom homes, multi-family housing, mixed-used, urban in-fill and affordable housing projects, institutional, commercial and retail projects. Our other disciplines include master planning, entitlement and interior design. http://www.sophersparn.com