BOULDER — An aging structure in Boulder’s Flatiron Park business campus is set to be replaced with a new two-story 56,000-square-foot office building. The property at 5505 Central Ave. is being developed by Crescent Real Estate.
The existing building on the site was built in 1977 and “is currently an underutilized, underwhelming building that is nearly buried at this very important corner,” according to planning documents filed with the city.
“The new building itself is intended to be a by-right office building, whose presence and unique architecture continue to build upon the exciting changes that are happening in this evolving office park,” the development documents say.
The property last sold in 2017 for $1,975,000, according to public documents. The project is being called 5505 at Flatiron Park.
Construction of the new building, which is expected to be complete next August, is also set to include improvements of three surrounding offices.