Denver-based Sagebrush Cos. plans two major projects — an 80,000-square-foot office complex and a 50-unit boutique hotel.
Don Caster, a partner at Sagebrush Cos., a real estate development and property-management firm, said that the company bought the 2.5 acres of vacant land at 5125 Pearl Parkway for the office complex that will be called the Boulder Industry and Arts Center last week from Pollard Motors Co. for $4 million.
The conceptual design for the futuristic looking $24 million three-story center was created by Sanzpont Architectura, an architectural firm based in Barcelona, Spain that has an office in Chicago.
Caster said Coburn Design in Boulder will take the conceptual design and see it through to completion, including ushering plans through the planning department. Caster said a basement component to the design is being vetted now, that if feasible, would add more space.
The boutique hotel likely will be called the Carmen Hotel — the same name Sagebrush has given a hotel it is building in Playa Del Carmen, Mexico. The $12 million hotel will be built at 2691 30th St. The property currently is occupied by Robb’s Boulder Music, the Ringmaster and an Arthur Murray dance studio.
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