NoCo Newsletter | October 10, 2024
Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news for NoCo foodies, Fort Collins Land Use Code neighborhood meetings, major CSU investments, and more.
REAL ESTATE & BUSINESS NEWS
- Care About How Fort Collins Develops? Land Use Code Phase 2 to Focus on Commercial Areas
- “This round of review will focus on enabling more mixed-use development, especially along transit corridors and within commercial centers, a city news release says. It will seek to promote infill that is compatible and complete streets. And it seeks to create resilient commercial centers.” (The Coloradoan)
Get involved in the public process. There are two more neighborhood visits planned in October:
Oct. 10: Whole Foods Market at College and Rutgers avenues
Oct. 12: Scotch Pines and Drake Road and Lemay Avenue
- Long-Vacant Rooftop Patio to Reopen in Old Town Fort Collins
- “One of Old Town Fort Collins’ few rooftop patios is being brought back to life after sitting empty for nearly four years. Erin and Jon Banis — the owners of Japango, 125 S. College Ave. — plan to open a new restaurant and bar in the second-story space above the sushi spot, which debuted in Fort Collins this spring…The new bar and restaurant, Sugar Salt Sand, will feature foods the Banis family fell in love with while traveling.” (Coloradoan)
- New Restaurant to Take Over Long Vacant Famous Dave’s Building in South Fort Collins
- “After sitting vacant for five years…Captain Hook Seafood House has taken over 2880 E. Harmony Road, which was formerly home to a Famous Dave’s…It is planning to open in early October.” (Coloradoan)
- Italian Restaurant to Join Jessup Farm Artisan Village
- “Italian fare is returning to Jessup Farm Artisan Village. Pizza Vino NoCo Italiano has taken over 1939 Jessup Dr., Unit 110 — the former home of Italian eatery Cacciatore at Heller’s Kitchen and, later, Wedo’s Tacos and Tequila. The new restaurant will be the second for Pizza Vino NoCo Italiano, which opened its existing Windsor location, 6383 N. Fairgrounds Ave., in 2019…The restaurant is eyeing an October opening.” (Coloradoan)
- Billion-Dollar Redevelopment to Transform Cherry Creek’s West Side Over Next Few Years
- “Now that a new billion-dollar project has governmental approval, a long-awaited face-lift of the west side of the tony Cherry Creek shopping district will move forward. Cherry Creek West is a 13-acre mixed-use redevelopment that will offer about 825 residences, 600,000 square feet of office space, 100,000 square feet of retail, a reservoir of underground parking with over 2,000 spaces and 4 acres of open space.” (The Denver Post)
ECONOMIC & EMPLOYMENT NEWS
- Colorado GDP Grows by 2.7% in Second Quarter
- “Colorado’s real gross domestic product increased at an annual rate of 2.7% in the second quarter, just below the national rate of 3%, according to initial data from the U.S. Bureau of Economic Analysis.” (BizWest)
- Colorado State University’s Record-Breaking Fall Enrollment Tops Pre-Pandemic High
- “A record 34,218 students are enrolled at Colorado State University’s main campus in Fort Collins this fall, a 1.3% increase from the fall of 2023…That total includes 5,485 first-year students, representing the second largest incoming class in CSU history…The incoming class is the most diverse in CSU history, with 31% identifying as racially or ethnically diverse and 23% being first-generation college students.” (Coloradoan)
- Kiewit Leads $6.6M Investment to Create New CSU Construction Engineering Program
- “A $6.6 million investment led by construction and engineering giant Kiewit Corp. will enable Colorado State University to launch a new construction engineering degree program beginning in fall 2025…CSU construction management alumnus Doug Patterson, a retired Kiewit executive, helped lead a $3 million gift from Kiewit and $1 million from the Patterson Family Group to launch the program.” (BizWest)
- CSU President Announces Plans for New Facility Focused on Digital Technology and AI
- “Fueled by a $50 million commitment from students and matched by $50 million from the Scott Family Foundation, Colorado State University announced plans for the construction of an innovative new building “focused on the ways that digital technology and AI will transform engineering and all disciplines,”…Plans for the new 165,000 square-foot facility in the heart of CSU’s main campus grew out of discussions with CSU alums Don and Susie Law in 2020…They committed an initial gift of $10 million to the building that will bear their names. Students agreed to provide $50 million in support through student fees, Parsons said, an amount the Scott Family Foundation agreed to match. The total cost of the new facility will be $135 million to $160 million, depending on final design plans.” (Coloradoan)
- Northern Water to Sponsor Exhibit at Planned Northern Colorado Children’s Museum
- “Northern Colorado Water Conservancy District has committed $100,000 a year for the next five years to sponsor a water-education exhibit at the Children’s Museum of Northern Colorado. The money will be used to develop an interactive exhibit to teach children and their families the role of water in the West, and the challenges the region faces with differing demands on the supply.” (BizWest)
- Fast-Growing Colorado Town Gets New Grocery Store
- “A fast-growing town in Boulder County has a new grocery store. King Soopers opened its newest store at… 2900 Arapahoe Road in Erie. That’s at the intersection of Arapahoe Road at U.S. Highway 287. The new store replaces the King Soopers located at U.S. Highway 287 at Baseline Road. That store closed… The new Erie store is 103,000-square-feet and will feature a pharmacy with drive-up capabilities, a Starbucks, fresh sushi, and Murray’s Cheese. A fuel center with 18 pumps will also be on the property’s footprint.” (9News)
- Failure of Kroger-Albertsons Merger May Lead to Layoffs, Store Closures, CEO Says
- “The Colorado Attorney General’s Office contends that the $24.6 billion merger would harm customers, store employees and suppliers to the chains because it would reduce competition….But Sankaran (CEO of Abertsons Cos. Inc.) said the two chains see merging as the best way to compete against Walmart, first nationally in grocery sales, as well as such fast-growing food sellers as Amazon and Costco. Walmart and Sam’s Club, owned by Walmart, account for about a quarter of the country’s grocery business, he said.” (The Denver Post)
COMMUNITY & OTHER INDUSTRY NEWS
- Client Testimonials
- Larimer County’s Biggest Private Employers: Here’s Who Makes the List
- Old Town Square No. 4 in USA TODAY 10 Best Readers’ Choice Awards Best Public Squares List
- Most Peaceful Place to Live? Fort Collins Tops the List With Outdoor Recreation, Low Noise
- Here Are 15 Road Projects at the Top of Fort Collins’ List for the Next 10 Years.
- Fort Collins Area Chamber of Commerce: Northern Colorado Economic Overview
- Northern Colorado Boasts Nine of Top 20 Fastest-Growing Communities in State
- 2 Colorado Cities in Top 4 ‘Best Places to Live Rankings
- Denver International Airport Ranked No. 6 in Passenger Traffic Worldwide
- Support Your Local Bold Voice of Business by Contributing to the 13th Annual Moving Fort Collins Forward! Campaign
FEATURED LISTING
NAI Affinity is pleased to present available sites within The Ridge Johnstown (The Ridge, West Ridge, North Ridge, South Ridge, and Blue Spruce Ridge), a new master-planned community in Johnstown, Colorado. The Ridge Johnstown is an over 440-acre master-planned, mixed-use development with immediate access to I-25 via the Highway 402 interchange. Ideally situated in the heart of northern Colorado, and now under construction. The adjacency to, and visibility from I-25 make it one of the most
prominent master planned communities in the region, providing excellent visibility to more than 86,000*
vehicles a day
Click here to learn more about this opportunity.
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