Developer buys land in Boulder for affordable housing

BOULDER — Denver-based Sagebrush Cos. has sold the former site of Robb’s Boulder Music to ALR Investments led by Boulder-based developer Don Altman.

ALR Investments plans to convert the one-acre site at 2691 30th St. in Boulder to 50 affordable housing units in a few years, but first, it will be used as a hub for homeless services provided by the nonprofit Bridgehouse.

Bridgehouse for the next two years will run a program at the site called Path to Home, providing case management, meals and shelter from the elements.

ALR Investments paid $4.3 million for…