During the last few years, the Boulder loft market has be out pacing the tradition single family home market. As far as price per square foot. The loft near the Pearl Street Mall are the most expensive residential property in the area. Now, introducing the The Peloton. The Peloton. is a massive construction project on Arapaho. The kind of development that most people in Boulder would consider against the building restrictions. Some how they got through zoning something that they have been trying to avoid for years. It looks like the quality of construction is good but it is just plain huge compared to most of the construction in Boulder, The Peloton web site does not disclose the number of units in the development but the boast 14 elevators to get residence from the ground to the top 4 stories. Looking at the plan, it seems like this will double the total inventory of lofts in Boulder.
It is my guess that this will send Boulder Loft prices into the dump for several years and it may permanently keep the prices down. Currently, there is a very limited supply of NON-student lofts in the downtown area but the Peloton will flood the market. If you are thinking about buying, hold your hat and wait to see how low prices go. Another key area I will soon cover is Colorado Assisted Living Facilities.
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