Grounded Capital and Morgan Creek Ventures Partner to Build Hub of Four Projects, Totaling 11 Buildings Including Office, Retail and Multi-Family Residential
DENVER – Boulder Commons broke ground on the final phase of its mixed-use development on July 19, 2023. A joint venture between Grounded Capital, a leading impact investment firm based in San Francisco, and Boulder-based developer Morgan Creek Ventures, Boulder Commons is a constellation of four projects including office, retail, and multi-family residential strategically located along the Goose Creek bike path at the RTD transportation hub in the Boulder Junction neighborhood.
Pictured (l. to r.): Dillon Teske with Morgan Creek Ventures, Blake Ottersberg with Morgan Creek Ventures, Vivian Wong with Grounded Capital, Andy Bush with Morgan Creek Ventures, Boulder Mayor Aaron Brockett, Stephen Hohenrieder with Grounded Capital, Parren James with Grounded Capital, and Ryan O’Connor with ARCO/Murray.
“Through a holistic, systems-based approach, we are collaborating with diverse stakeholders to rebuild and revitalize the community at the corner of Pearl and 30th street,” explained Stephen Hohenrieder, CEO and founder of Grounded Capital. “By integrating the built environment and renewable energy, people, food and nature, this Class A, Net-Zero-aspiring community seeks to connect people to each other, themselves, the spaces we inhabit and the broader Boulder community.”
The final phase of the Boulder Commons development pipeline is an 89,000 square foot multi-family residential project spread across four buildings. Construction of the project,located at the corner of Spruce Street and Junction Place, will be completed and leasing of the units will begin in the summer of 2024. The Boulder Commons initial construction schedule is highlighted by the following milestones:
- 2018: completion of 100,000 square feet of office and retail space at 2440 and 2490 Junction Place
- 2021: completion of 56,000 square feet of office space at 2530 Junction Place and 48,000 square feet of multi-family and retail space at 3200 Bluff
- Summer 2023: 108,00 square feet in multi-family and retail space will soon be ready to lease at 30th and Pearl
The planned multi-family residential buildings, designed by Morgan Creek Ventures and Coburn Partners out of Boulder, integrate energy efficiency, onsite solar power generation and human-centered design and construction to foster an aligned community. This final phase of development will provide 83 one-, two- and three-bedroom luxury apartment homes and feature amenities including a fourth-floor roof deck with dramatic views of the Flatirons. Residential leasing is led by Greystar.
“We’re thrilled to be a part of the vibrant and dynamic Boulder Junction district, where we have incorporated exceptional design into our mixed-use development,” said Andy Bush, principal of Morgan Creek Ventures. “ With its prime location offering convenient access to bike and nature trails, public transportation, and the Google Campus, Boulder Commons embraces the essence of Boulder’s flourishing community, encompassing a multitude of dining, entertainment, and future growth opportunities.”
For more information on the project or to inquire about leasing an office, retail space or residential unit, visit bouldercommons.com.
About Grounded Capital:
Grounded Capital was created to pursue ideas and solve problems through direct investments of private, long-term financial capital on behalf of aligned investors. We believe in a systems-based and holistic approach to responsibly grow capital and achieve Impact across our Five Areas of Focus: Places, Energy, People, Food and Nature. We celebrate opportunities to be in relationship with others in ways that embrace a mindset of abundance, partnership, and interdependence to collectively build the health of the social, ecological, and financial systems of which we are all a part. Learn more at, groundedcapital.com.
About Morgan Creek Ventures:
Morgan Creek Ventures LLC is a real estate development firm based in Boulder, Colo. that was founded by Andy Bush in 2001. The firm specializes in urban infill projects with a focus on design and sustainability. Working primarily in Colorado and California, Morgan Creek Ventures has managed the development and redevelopment of over 750,000 square feet of office, residential and mixed-use projects. The firm’s focus on sustainability has resulted in several pioneering efforts including the first LEED Platinum tenant improvement project in the country, the first privately developed green roof in Colorado, as well as one of the first Net Zero multi-tenant buildings in the country. Over the past decade, the firm has developed a variety of LEED Gold and Platinum designs, expanding their experience base in energy management, material science, and user experiences, pushing the envelope toward Net Zero Energy. Learn more at, morgancreekventures.com.
###