Photo: Aerial of Hwy 34 & 71st Ave, Greeley, Colorado, reserved for the exclusive use of NAI Affinity.
NoCo Newsletter | October 24, 2024
Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of high value transactions, zoning approvals, major community investments, and more.
REAL ESTATE & BUSINESS NEWS
- Habitat, Developer Clear Last Big Hurdle in Proposed Workforce Housing Project Behind Odell
- “The Fort Collins Planning and Zoning Commission unanimously approved the project development plan for Tapestry — a seven-building condominium community that seeks to meet the housing needs of Fort Collins’ “missing middle,” with 30 affordable, deed-restricted units reserved for Habitat for Humanity. The project is a three-pronged private, nonprofit and philanthropic effort, with the Odell family donating the 12-acre site behind its brewery, Hartford Homes — the project’s building and developer — donating the infrastructure and site-development fees for the project and Habitat for Humanity handling the interior finishes of its 30 units, according to project plans presented Thursday.” (Coloradoan)
- Greeley Senior-Housing Facility Sells for $25 Million
- “A senior-housing community in Centerplace has sold for $25 million to a nationwide real estate investment trust that specializes in senior-living and health-care facilities…The Lodge at Greeley, 4430 24th St. Road, (is) a five-year-old senior-housing property with detached garages.” (BizWest)
- UCHealth Buys West Greeley Land for New Health Facility
- “UCHealth, which operates Medical Center of the Rockies in Loveland and Poudre Valley Health Center in Fort Collins, has plans to build a medical office building and potentially a larger medical facility at the St. Michael’s subdivision off of U.S. 34 and 65th Avenue in west Greeley. The massive Colorado health chain recently closed on 21 acres just west of the Discount Tire store for $2.8 million.” (Greeley Tribune)
- Investor Scoops Up Bolder Innovation Campus for Nearly $50M
- “…Blue Vista Capital Management bought the recently built, two-building Bolder Innovation Campus in Louisville for $49.5 million…’Developed in 2023, the portfolio represents an opportunity to own modern industrial space with long-term in-place tenants, located in an easily accessible legacy industrial corridor of the greater Boulder’ metropolitan area, Blue Vista said in a LinkedIn post announcing the purchase.” (BizWest)
- Johnstown Town Council Approves Zoning of Embattled Subdivision
- “The development company returned to the town with a substantially different plan, again for R-2 zoning, but with limits on the numbers and types of residential units it could build. No multifamily apartments were allowed, all townhomes would be limited to two stories, and the majority of the homes would be single-story homes. The project would be limited to five units per acre or a maximum count of 200 units, with 30% open space…While the council had rejected the project 4-3 in May, this new proposal drew unanimous approval, with two Town Council members (Dianne Morris and Andrew Paranto) absent, on a 5-0 vote.” (BizWest)
- Denver City Council Approves Rezoning for Redevelopment Around Ball Arena
- “Monday night, they unanimously approved a proposal to rezone the area, making it easier for the development to move ahead. They also approved an agreement allowing Kroenke Sports and Entertainment to redevelop the area. KSE, which owns Ball Arena as well as the Denver Nuggets and Colorado Avalanche, is behind the 64-acre redevelopment project. They say it would create a new neighborhood with housing, bike lanes, open space and amenities like artist spaces and childcare facilities.” (9News)
ECONOMIC & EMPLOYMENT NEWS
- Northern Colorado Airport, In Era of Change, Sets Grand Opening of Terminal, Hires Director
- “The Northern Colorado Regional Airport is ready to unveil its new $22 million terminal and, only days later, will welcome its new airport director. From 4 to 6:30 p.m. Nov. 7, the airport will host a public grand opening at the airport, 4850 Earhart Road in Loveland…John Kinney, manager of the Boulder Municipal Airport, has been appointed as the director of the Northern Colorado Regional Airport….Airport officials hope the new terminal will help bring commercial airline service to the airport and increase economic opportunities.” (Coloradoan)
- City Unveils 978-Acre Natural Area That Will Connect to West Greeley Entertainment Plans
- “The City of Greeley has quietly been working for 20 years to purchase almost 1,000 acres in west Greeley to turn into a regional natural area. And…it might just be a complement to the (proposed)…hospitality and entertainment hub right next door. It will be called Arroyo del Sol, a 978-acre natural area that straddles Colorado Highway 257 north of U.S Highway 34 Bypass and is home to at least 91 zoological and 168 plant species — one that hasn’t been seen in Weld County since the 1800s.” (BizWest)
- CU, CSU Researchers Among CO-WY Engine Funding Recipients
- “Researchers from the University of Colorado and Colorado State University were among eight groups to split $3 million in the latest Colorado-Wyoming Climate Resilience Engine funding round…(which) provided Use-Inspired and Translation Grant opportunities to accelerate the research, development, and commercialization of innovations into tangible products, services, or solutions that address climate resiliency.” (BizWest)
- Willard Promoted to Lead Loveland’s Economic Development
- “Although the City of Loveland conducted a national search to find a new director of economic development after Kelly Jones-Sage resigned in February, it concluded that the right person for the job was in house all the time. Marcie Willard, who has served as acting director ever since Jones-Sage left the position after seven years, citing the shifting political winds in the city, will drop the “acting” from her title and fill the director’s role for real as of Nov. 4.” (BizWest)
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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