Moratorium on Boulder University Hill student housing developments

Although student housing is considered the “highest and best” use for the land in Boulder’s University Hill area, the city council has placed a maratorium on all new development for the next several weeks, the Boulder Daily Camera reported.

According to the article, the council opted for the moratorium until August 20 in order to find ways to move forward on some developments that are geared toward older, non-student residents. A short-term .3 percent sales tax is scheduled to go before voters in November in order to provide tree-planting, lighting, and an “event street” in the University Hill area, and the city is looking at urban redevelopment and the creation of an innovation district there.

Councilman Macon Cowles said that while student housing may be the most profitable use of the University Hill, it might not be the highest and best use as far as the city is concerned. Much of the location is zoned for business use, but residential has been allowed there as it is a less intensive land use, the article noted.

The director of the city’s planning and sustainability department added that while students would always play a big part in the mix of land uses on the University Hill, if the area becomes known predominantly for student housing, the offerings there would always remain geared almost entirely toward students. Just as land use planning, a lot of planning goes into finding a new home to buy or rent.

So many factors besides price have to be considered. What are the schools like? What are the entertainment offerings in the area? What’s your commute going to be like?

If you’re relocating to the Boulder, Colorado area or other communities on Colorado’s Front Range, Housing Helpers would be happy to assist you in those considerations so that you can find the home that suits your family best. For more information, contact us today.

Read more about issues affecting the University Hill  and the University of Colorado

About 

John Iannone is a real estate professional and self proclaimed property guru with over two decades of experience with investment properties, rentals, property management, corporate housing, multifamily strategic repositioning, acquisitions, consulting, and relocation services . Housing Helpers is a full service relocation company with offices in Boulder Colorado, and Denver, that provides integrated housing solutions including corporate housing, rental locating and apartment finding, real estate brokerage, investment property marketing, and relocation services.

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