The Rêve mixed-use development gains Boulder planning board approval

Developers of The Rêve, a mixed-use project proposed for the southeast corner of 30th and Pearl streets in Boulder, cleared one major hurdle Thursday night when it gained planning board approval.

The Daily Camera reports that the board voted 5-1 to approve the project, though the board is requiring a reduction in parking and is stressing that it would prefer that developers find a way to incorporate affordable housing onsite rather than pay cash in lieu or build it elsewhere to meet the city’s affordable housing requirements. However, developers aren’t tied to including the affordable units onsite.

Officials for Tennessee-based Southern Land Co. told BizWest earlier this week that they would like to break ground on the project by this fall. The developer is planning roughly 114,000 square feet of office space, 24,000 square feet for retail and restaurants and 244 for-rent housing units ranging from units smaller than 500 square feet to a few 2,100 square foot townhomes. Rents will range from roughly $850 per month to more than $4,000 per month.

Barring a call-up by city council to review the project, Thursday’s approval means the development can go forward.