Southern Land Company Closes on 2 of 4 Properties for Boulder Community

February 15, 2016

Developers of Rêve, the mixed-use project slated for the southeast corner of 30th and Pearl streets in Boulder, closed this week on two of the four properties needed for the site for a total of $4.05 million.

Tennessee-based Southern Land Co., paid $3.1 million for 3000 Pearl St., which includes a 12,000-square-foot office building at the corner of 30th and Pearl that will be torn down to make way for the new development. A group of local investors managed by Andrew Freeman and Harris Faberman, which bought the property in 2006 for just shy of $2 million, was the seller.

Southern, meanwhile, paid $950,000 for the property at 2120 32nd St., which was owned by Alvin Baker and is home to one of Gene’s Auto Repair’s two Boulder sites.
Read more about this story at BizWest.

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