John Weiss hustles past the building at 1048 Pearl St. as snow falls and a cold wind blows in downtown Boulder earlier this month. (Paul Aiken / Daily Camera)

Demolition work on the former Daily Camera building in downtown Boulder is scheduled to begin May 12, kicking off a 22-month construction period for PearlWest, a mixed-use development with office, retail, restaurant and theater uses, officials for developer Nichols Partnership said Tuesday.

PearlWest, which spans the buildings at 1048 Pearl St. and 1023 Walnut St., is the largest of several redevelopment projects slated to get under way in downtown Boulder during the next year.

Sean Maher, executive director of Downtown Boulder Inc., said the 160,000-square-foot PearlWest building off 11th and Pearl streets should "re-energize" the entry way to west Pearl.

"The first thing it's going to do is get rid of a major dead space," Maher said, referencing the surface parking lot and brick building set off from Pearl Street. "As you stand on the edge of the (Pearl Street) Mall and look west ... it doesn't invite you to cross the street and keep going."

The Daily Camera newspaper operated at the corner of 11th and Pearl streets for nearly 120 years. The Camera moved its operations to 5450 Western Ave. in early 2011.

Leasing activity is starting to ramp up for PearlWest, which is receiving "tons of interest," said Dan Schuetz, project manager for Denver-based Nichols Partnership.

Only one tenant has been announced so far.

Crestone Capital, a Boulder-based wealth management firm based at 1025 Pearl St., leased a 30,000-square-foot space on PearlWest's fourth floor, Schuetz said.

Schuetz said more tenant announcements will be coming soon.

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Demolition of former Daily Camera building to begin May 12

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