Brickstone Partners pays $43.1M for Boulder apartments, plans revamp

BOULDER — Denver-based development firm Brickstone Partners closed recently on the $43.1 million purchase of the Cavalier Apartments in Boulder, with plans for extensive renovations of the property.

Brickstone Partners officials declined comment on Tuesday. But an application filed with the city for a “non-conforming use review” show that the renovations would include converting 84 one-bedroom, one-bathroom units to two-bedroom units and converting 12 two-bedroom, one-bathroom units to three-bedroom, two-bathroom units.

Brickstone, led by Dan Otis, is part of the development team that is building a 300,000-square-foot campus for Google at the southwest corner of 30th and Pearl streets in central Boulder.

The…