University of Colorado Boulder Chancellor Justin Schwartz is moving out of the $3.75 million home in Boulder that the CU Foundation and his family two years ago.
The foundation purchased a Boulder home for Schwartz when he became chancellor, rather than having him and his family move into the existing residence at 3600 Caddo Parkway, where former Chancellor Phil DiStefano lived. Schwartz’s home, in the 500 block of 14th Street in Boulder, was purchased in August of 2024. The home is located adjacent to the University Hill neighborhood and less than a mile from campus.
While it’s standard practice for CU Boulder to provide a home for the chancellor, Schwartz has decided to move out and purchase a house of his own in Boulder instead. CU Boulder spokesperson Nicole Cousins responded to the Daily Camera’s request to ask Schwartz about the decision. Cousins said Schwartz’s decision to move out was made for personal reasons, and she didn’t offer any further explanation.
The CU Foundation, which purchased the new home for Schwartz with unrestricted operating cash, plans to put the home back on the market.
At the time the new home was purchased, the university told the Daily Camera that the existing home at 3600 Caddo Parkway needed approximately $3.7 million in renovations, including deferred maintenance and updates. The Daily Camera has filed a public records request to obtain more information about proposed renovation plans.
The university will not sell the previous chancellor’s residence on Caddo Parkway because a large portion of the area where the house is located is expected to be utilized for faculty and staff affordable housing. The home will likely be torn down at some point in the future to make way for that housing, according to the university.
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