BOULDER – Denver-based Galvanize said Thursday evening that it will lease two floors totaling 27,000 square at Pearl West, a commercial office and retail building under construction on the west end of the Pearl Street Mall and the corner of 11th and Pearl streets in Boulder.
Galvanize is building “technology campuses” for students and startups, and running 24-week “gSchools” that teach programming languages and digital skills. It also houses early stage companies and offers community workspaces where established companies can work with and possibly recruit students for no charge.
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Galvanize already has a presence in Boulder having opened a campus in May at 1035 Pearl St. in an 11,000-square-foot space. It also operates campuses in Denver and San Francisco. It plans to open a second location in Denver, one in Fort Collins and another in Seattle.
Galvanize co-founder Jim Deters said tuition for the gSchool is $20,000, but the goal is to have graduates leave with a job. Deter said Galvanize has had 200 graduates and 98 percent received jobs.
“We provided scholarships to 70 percent of students,” Deters said. “If they don’t get a job, we don’t charge them for the tuition.”
Pearl West will have 127,000 square feet of high-end office space, 23,000 square feet of retail space, about 10,000 square feet for three restaurants, including one on the roof, and a public plaza at street level plus a public rooftop deck. It also will have about 7,000 square feet of rooftop decks for tenant use. A rooftop bridge will connect the four-story Pearl and three-story Walnut buildings.
Galvanize be in the Walnut building. Deters said the first floor will have a “coffee shop” atmosphere. Clients can rent a seat at a community table, a desk or a suite.
Also signing a lease for Pearl West is Eureka, a California-based upscale burger chain. Founded in 2009, Eureka has restaurants along the West Coast. Decor is upscale and woodsy. Menus vary from location to location, but are American in theme. Starters include wings, tacos, nachos, mac and cheese, truffle fries and a lollipop corn dog with Polish sausage.
Earlier this year, Crestone Capital Advisors LLC, an investor in the Pearl West project, signed on to take 28,000 square feet of space on the top floor of the Pearl Street side.
Realtor Lynda Gibbons of Gibbons-White Inc. said other tenants have signed or are in the process of signing leases at PearlWest, including office, restaurant and retail leases. They will be announced in the future, Gibbons said.
Randy Nichols of The Nichols Partnership, the developer of the site, said, “I’m not surprised at how high the leasing activity has been, as the location, large office floor plates and amenities of this property are unparalleled in the area.”
Pearl West is being constructed to meet LEED Platinum requirements, the highest level of green certification issued by the U.S. Green Building Council.
“LEED Platinum features are essential to many of our clients because of the culture in Boulder and proximity to the mountains,” Gibbons said. “It’s important to tenants to have a lower impact on the environment, while also offering their employees a state-of-the-art workspace that encourages innovation and creativity.”
The building will include about 300 parking spaces, with 60 of them served by a robotic parking system, the first in the Western United States, and 240 traditional parking spaces.