A developer is working with owners of the former Downtown Artery building, 252 Linden St., to turn the building s second floor into affordable co-housing.
The plan, proposed by Helix Development Group of Fort Collins, would essentially add nine bedrooms to the existing three bedrooms on the second floor with shared bathrooms, a living room, kitchen and common area, said Josh Harrison, president of Helix Development.
Harrison is awaiting a building permit from the city of Fort Collins before starting construction at the end of April with construction done by August and the units leased for a Sept. 1 move in. According to the permit, renovations will cost about $521,000 including the cost of adding a wheelchair lift to provide accessibility for people with disabilities.
As Northern Colorado climbs out of the COVID-19 pandemic doldrums, local real estate experts are left wondering when workers will return in person to the office and whether the virus has caused a permanent shift in commercial real estate markets.
Similar concerns exist regarding the retail sector, and while the residential sector is red-hot, there are significant headwinds related to the rising cost of land, water and construction materials, Northern Colorado real estate pros said Tuesday during BizWest’s virtual CEO Roundtable.
Citing an internal survey, CBRE broker Peter Kelly estimated that about 90% of workers will be back at work in some fashion in the next year.