Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of an extended interest rate pause, the future of Fort Collins land use, voter approved Urban Renewal Projects, and more.
"Fort Collins City Council gives final OK to land use code allowing ADUs, increasing density. A revised land use code is set to go into effect in January after Fort Collins City Council gave it final approval Tuesday night." (Coloradoan)
"The city of Fort Collins will partner with Poudre School District and Poudre River Public Library District to bring an outdoor pool and library to land next to Fossil Ridge High School, a joint news release said. There's potential for adding indoor pool facilities that could serve school district and community needs in the future." (Coloradoan)
"Hoedown Hill, a 12-acre sledding, tubing, skiing and snowboarding area, will open this year adjacent to the Raindance National Resort and Golf property in Windsor. At 1,200 feet, "we think it's going to be the longest tubing hill in North America," said Martin Lind, president of the Water Valley Co., who is developing this site..." (Greeley Tribune).
"The state is committed to resolving the issue, Ulane said, especially because it already has spent $8.8 million on the project." (BizWest) David Ulane is the Director of CDOT’s Aeronautics Division.
"Both the Loveland and Fort Collins city councils on Tuesday night approved their cities’ 50% share of the airport’s 2024 operating and capital budget, at $12,494,493 each. The approvals came without discussion as part of the councils’ consent agendas." (BizWest)
"As is the case nationally, home prices have risen in these places because there are simply not enough homes built to meet demand, says Danielle Hale, chief economist at Realtor.com." (CNBC)
"The sharp increase came due to contributions from consumer spending, increased inventories, exports, residential investment, and government spending." (CNBC)
“Utilities Director of Water Jason Graham said the city has sufficient water rights but one of the lowest capacities for water storage along the Front Range.” (Coloradoan)
“Households’ inflation-adjusted median net worth, or wealth, climbed 37% from 2019 to 2022, according to the Federal Reserve’s Survey of Consumer Finances released Wednesday. It was the largest increase since the once-every-three years survey began in 1989.”
NAI Affinity is pleased to present this high quality flex building for lease within the 2534 Business Park. This modern facility features functional space and clear height with the option to add mezzanine space. The building is located in the heart of Northern Colorado’s fastest growing residential and employment areas, at the intersection of the region’s two main highways - Interstate 25 and Highway 34. Amenities nearby include: SCHEELS, numerous restaurants and retailers, healthcare, The Promenade Shops at Centerra, Marketplace at Centerra and more. Click here to learn more about this opportunity.
