PHILL FOSTER AND COMPANY

The transformation of a highly visible corner in Boulder has begun with the groundbreaking for a pair of hotels and a four-story office/retail building.

NAI Shames Makovsky and Sage Hospitality will build some of the first new hotel rooms in the city in many years on the former Golden Buff property at the northwest corner of 28th Street and Canyon Boulevard, right across from the Twenty Ninth Street shopping district. The Embassy Suites and Hilton Garden Inn hotels will share a two-level underground parking garage with C28, a 43,280-square-foot office/retail building being developed by Lou DellaCava of LJD Enterprises Inc.

“We have been looking for a project in Boulder of this type for an extended period of time,” Michael Everett, Sage Hospitality’s chief investment officer, said of the hotels. “The diversity and predictability of demand in that market is pretty special and pretty unique. You could regard it as one of the most predictable, dynamic submarkets in all of Colorado,” he said, citing demand associated with the University of Colorado, existing businesses and new generators like the planned Google campus.

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