California buyer, seller complete $66 5M Fort Collins apartment deal – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Here s one way to deal with a housing shortage in Fort Collins: Carve out an additional bedroom in existing apartment units.
That s what the new Tennessee-based owner of the 120-unit Landmark Apartments, 1050 Hobbit St., just south of the Prospect Road and South Shields Street intersection, plans to do.
Brickstone Partners, which just purchased Landmark and Stone Creek apartments in Boulder for $81 million, plans to convert all 72 two-bedroom apartments into three-bedroom, two-bath units and market them to students, said Jeff Dawson of Studio Development Services, Brickstone s representative.
Designed in the 1980s, the apartments were designed with some extra space in the living area that s not that usable, Dawson said. We plan to use it in a more efficient way.