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FORT COLLINS A residential development project that will rehabilitate a commercial property in downtown Fort Collins is again underway after being sidetracked by effects of the pandemic. The project, a five-story, 197-unit apartment complex called Willow Street Residences and located at 223 Willow St., was forced into foreclosure as a result of an unpaid loan, which coupled with contractor-filed liens totaling millions of dollars, stopped the work on the project. Public records show that the foreclosure action has been withdrawn and liens have been paid and released. A redemption certificate was filed with Larimer County in late March, indicating that all delinquent property taxes and penalties have been paid. CA Residential Fort Collins Property Owner LLC, a division of Chicago-based CA Ventures, remains as the property developer. ....
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. ....