Kinship Capital, The John Buck Company and Element Properties Mark Commitment to Transit-Oriented Project with Boulder Deal
BOULDER, Colo., (January 6, 2016) — In a new joint venture, Kinship Capital, The John Buck Company and Element Properties, have closed on a land investment to redevelop the Sutherlands lumberyard site in Boulder, Colo., in a $100 million mixed-use project.
The project – S’PARK (short for Sutherland Park) – will be developed at 3390 Valmont Road and is emblematic of a new, broader transit-oriented village under redevelopment in Boulder Junction. The project will match the city’s commitment to sustainability leadership and community connectivity by developing the neighborhood in alignment with Boulder’s Transit Village Area Plan (TVAP) where new Bus Rapid Transit service will begin in January 2016 connecting the site to Denver’s recently completed Union Station project.
S’PARK is dedicated to achieving the highest certification under the U.S. Green Building Council’s LEED- ND (Leadership in Energy and Environmental Design for Neighborhood Development) program. Once the project is completed it will be the first LEED-ND Platinum neighborhood in Colorado.
“S’PARK promises to be an incredible place for Boulder,” said Scott Holton of Element Properties. “With this great new development team in place, we look forward to partnering with the Boulder community to see this project to completion and into the future.”
Featuring multifamily housing, restaurant and retail space, and 100,000 square feet of Class A and creative office space, S’PARK is expected to break ground in mid-2016 and begin delivering residences and offices in late 2017; it was unanimously approved in September 2015 by the Boulder planning board.
“This project represents the best that development can offer – a great place for the community, much needed housing and office space and a really fun and creative atmosphere – all in a truly pedestrian- oriented neighborhood,” said Kevin Hites of The John Buck Company.
“The opportunity to work on such a unique project, in a vibrant community like Boulder to launch us into 2016, is why Kinship was eager to be involved,” said Nick Thomson of Kinship Capital.
“S’PARK fits perfectly with our commitment to being an innovative and duration-driven investment partner,” said Ethan Meers of Kinship Capital. “We look forward to building a long-term relationship with the Boulder community.”
Don Misner and Joe Heath of Jones Lang LaSalle will be handling office leasing inquiries.
About Kinship Capital
Kinship Capital is a private real estate investment firm founded on 125 years of family business success. The company makes growth oriented and duration driven investments in the U.S. across a variety of product types including office, retail, multi-family, hospitality, and industrial real estate. The Kinship team has built an institutional scale portfolio while retaining an entrepreneurial approach to the investment process. Kinship’s structural flexibility and 50 year investment horizon regularly prove to provide a unique competitive advantage in the marketplace. Building on seven generations of family legacy, Kinship Capital is committed to the next century of success. For more information, please visit www.kinshipcapital.com.
About The John Buck Company
The John Buck Company (JBC) is a privately owned real estate firm specializing in investment, development, property management, leasing, and advisory services. Focused on creating value for investors, owners and tenants, the firm has completed more than $10.5 billion in real estate transactions and developed or redeveloped 41 million square feet of office, mixed-use, residential and hotel projects nationwide. JBC is currently active in Chicago, New York, Washington, D.C., San Francisco, Tucson, Boulder, Louisville, Wilmington, and Philadelphia. For more information, please visit www.tjbc.com.
About Element Properties
Element Properties, a real estate development company founded in 2010 by Chris Jacobs and Scott Holton and based in Boulder, focuses on infill market-rate housing, affordable housing, and mixed-use places of exceptional value. For more information, please visit www.elementproperties.com.