A look at our neighbors Price

May 19, 2006

Boulder benchmark makes Fort Collins and Greeley housing look affordable

The same house built by the same builder, Wheeler Construction, in Boulder, Fort Collins and Greeley in the

late 1950s and early 1960s is the perfect illustration of the cost of living in the three different communities. The

ranch-style house, covering 1,100 square feet with a one-car garage and full basement, sold for $136,000 last year

in Greeley, while the same home sold for $200,000 in Fort Collins and $361,000 in Boulder.


“Main on Main” Whats happening

May 19, 2006

Witness the historical development along I-25 from U.S. 34 to Crossroads Blvd.

The 8-square mile area around I-25 and U.S. 34 is the largest area of construction in the state of Colorado at the

present time. With more than 2-million square feet of commercial construction underway or recently completed,

we are witnessing history being made. Here’s a summary of some of the projects:

Centerra – 3,000+ acres northeast and northwest of I-25 and U.S. 34 in Loveland

• Medical Center of the Rockies – 570,000 square feet, completion scheduled for early 2007

• Medical office building – 84,000 square feet, groundbreaking March 2006

• Promenade Shops at Centerra – 670,000 square feet, opened in October 2005

• Heska Corp. – 60,000 square feet, completed July 2005

• Motorplex at Centerra – Co’s BMW, 37,000 square feet, opened October 2005; Davidson Chevrolet

Subaru of Loveland, Ferrero I-25 Dodge Jeep Chrysler and King Buick Pontiac GMC, all breaking ground

by April

• Residence Inn – 72,000 square feet with 103 suites, to open this summer

• The Marketplace at Centerra – 240,000-square-foot phase 2; stores opening this spring, summer include

JoAnn Fabrics, Old Navy, Ross, Marshalls, Panera Bread, Chick-Fil-A and Good Times

• Flex office building – 32,000 square feet, completed, Five Rivers Cattle Co. moved in in February

• Rangeview Two – 45,000-square-foot office building, completion this month

• First National Bank – 14,250 square feet at U.S. 34 and Boyd Lake Avenue, summer completion

• Kroll Factual Data – 32,000 square feet, opened May 2005, company’s 3rd building at Centerra

2534 – 540 acres at the southeast corner of I-25 and U.S. 34 in Johnstown

• Hartford Land developing 151 residential lots, with homes ranging from $350,000 to $1 million-plus

• The Plaza at 2534 – 550,000 square feet of retail, including Ethan Allen, 20,000 square feet; Home State

Bank, 7,000 square feet; other retailers, restaurant to break ground in spring and open early 2007

• Everitt Commercial Partners building – 44,000 square feet, 4 stories, occupants include Bank of Colorado,

LBN Insurance, Burns Marketing; open by Jan. 2007

• Office building covering about 75,000 square feet south of The Plaza

• 46,000-square-foot Club Colorado and 13,000-square-foot day spa and physical therapy

• North Colorado Rehabilitation Hospital – 50,000 square feet, opened in the summer of 2005

Eagle Crossing – Northeast corner of Crossroads Boulevard and I-25

• The Loveland side will cover approximately 60 acres and consist primarily of retail, with 3 parcels under

contract

• The Windsor side will cover about 120 acres for both retail and office; awaiting town approval

Crossroads Business Park – Southeast corner of Crossroads and I-25

• 57 acres sold in 1 year, including Home State Bank’s purchase of about 3 acres

Embassy Suites – 19 acres on southwest corner of The Ranch

• John Q. Hammons Inc. has plans for 8- to 9-story, 250- to 275-room hotel and 80,000-square-foot

convention center across from Budweiser Events Center; city of Loveland awaiting application

Thunder Mountain Harley-Davidson property 20 acres on northwest corner of Crossroads and I-25

• Hooters – 5,000 square feet, should open in mid-March

• Clear Channel regional headquarters – 15,000 square feet, should open in early April

Thompson River Ranch 650 acres east of I-25 and about ½ mile north of Colorado 402

• Approved for 1,650 single-family homes and 18 acres of commercial, 100 multifamily units


How to use this page

May 19, 2006

This blog is set up to look at the Northern Colorado Real Estate Market from a large Macro scale down to a particular neighborhood or even house.


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