Real Estate & Construction  February 12, 2023

Flatiron Park’s next phase

New owners aim to make Flatiron Park epicenter of Boulder’s biotech boom

BOULDER — So, it’s early 2022, COVID-19 is wreaking havoc on the market for office space, and you’ve just made the single-largest real estate deal in Colorado history, spending $625 million to acquire hundreds of thousands of square feet of offices. Now what do you do?

If you’re BioMed Realty LLC, a California-based Blackstone portfolio company, you lean on your strengths: developing and operating life-sciences-centric corporate campuses.

As Boulder’s biotechnology sector booms, BioMed is redeveloping significant portions of traditional office space within east Boulder’s Flatiron Park business district into lab-office-flex buildings that will cater to life-sciences tenants. 

“We’re trying to activate an…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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