(Rendering courtesy of Conscience Bay) Boulder-based real estate development and management company Conscience Bay will construct a 112,000-square-foot science and technology office building that will house biotech, aerospace and other companies. It is planned. Breaking ground on the Ridgway Science and Tech project in Boulder is expected to occur in 2024.
A new 112,000-square-foot science and technology office building is planned for Boulder, considered one of the nation’s leading life science markets.
The developer, Boulder-based Conscience Bay, has received approval from city officials for the Ridgway Science+Technology project, with construction expected to begin in the second quarter of 2024.
Another high-tech real estate deal just outside Boulder in Louisville has closed. CBRE Group announced Monday that Colorado-based aerospace company Tendeg has leased a new 100,000 square foot facility at the Boulder Innovation Campus for its new headquarters and manufacturing facility.
Daniel Eisenman, director of development and design for Conscience Bay, said the Boulder science and technology project will be a state-of-the-art building targeted at Colorado’s growing life sciences and technology industry.
A report from real estate firm JLL ranks Boulder No. 8 among the nation’s top life science industry markets. JLL’s Denver office will lead the effort to lease the Ridgeway space.
The building, which is expected to take about two years to complete, will be located at 3825 Walnut Street in East Boulder.
“This building is designed so that all kinds of science can be done within it,” Eisenman said.
Ridgway can reach biosafety levels 1 to 3, Eisenman said. The different levels represent the type of protection required, with level 4 requiring the highest level of containment.
The building will also be designed to have very little vibration to protect sensitive equipment such as microscopes and lasers. Eisenman said companies interested in this space could include companies involved in robotics, aerospace and medical device research.
One of the goals is to generate all of the science and technology center’s electricity with renewable energy, making it a net-zero carbon building. Solar energy and geothermal energy are used.
“And it will be a very tight, energy-efficient envelope,” Eisenman said.
Eisenman said Boulder is a good location for Ridgway because it is an “exceptional environment for life sciences” for both startups and established companies.
“Boulder is also home to 17 federally funded research institutes that have existed for decades and are the cradle of innovation for the city,” Eisenman said. “It’s probably been more than a decade since a building of this quality was built in Boulder for life sciences. A lot of what exists in the city is space where old products have been reconverted.”
Partners in the project include commercial real estate developer Prime West. Design firm Stantec, lead architect and sustainability consultant for the project. Swinnerton, general contractor. and Trestle Strategy Group.
In Louisville, aerospace engineering services provider Tendeg has leased a building at the Boulder Innovation Campus just off Northwest Parkway. The building was completed in 2022.
CBRE’s Eric Abrahamson represented Tendeg in the lease agreement. Jeremy Kroner, also of CBRE, represented United Properties as the landlord. The campus is currently fully leased, according to the real estate company.
Tendeg has been operating in the area for more than 20 years with two nearby facilities. The new building will allow the company to increase production of deployable antennas used by aerospace and defense contractors.
“The new Boulder Innovation Campus building is a perfect fit for our needs, and Tendeg is proud to be home to Louisville,” Greg Freeberry, founder and CEO of Tendeg, said in a statement. “We welcome the opportunity to stay and continue to expand.”
