Foundation set for luxury apartments

Construction is under way on 3100 Pearl, a mixed-use development that will consist of 319 luxury apartments at 3100 Pearl St. in the Boulder Junction area of Boulder. Scott Pedersen of the Pedersen Development Co. was at the helm of the project and shepherded it through the design and entitlement process prior to selling it for $6.5 million to 3100 Pearl Street Apartments LLC, which was created by ReyLenn Properties LLC based in Solona Beach, California. The project is pursuing LEED certification. It will include a clubhouse, fitness center, game room, pool and spa, teaching kitchen, bicycle-repair and pet-grooming shops. Total retail space is approximately 3,000 square feet.

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