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HomeMy WebLinkAbout210-212 W. MAGNOLIA ST., URBAN LIVING LOFTS - PDP - 24-05 - MEDIA - CORRESPONDENCE• Business - The Coloradoan - www.coloradoan.com Page 3 of 3 Between 28 and 40 people tour the lofts each week and eventually, • Cherry Street Lofts, 325 Cherry St. - Three - many of those people will decide to story, 12,000-square-foot building with nine lofts buy, said Nichols. and commercial space. "It's what I call the empty -nester move," said Nichols. "They're not in a hurry to make a decision. But in the next few years, they will be." Despite the number of lofts that will pop up on the market in the next few years, Strope said Urban Living Lofts will offer a number of design features that aren't available at some of the other projects. Because it will be a renovation of an already existing building, the project, designed by Fort Collins -based JCL Architecture, will incorporate aspects of typical lofts, such as exposed brick and duct work. Each floor will have its own atrium that will allow tenants to see to the top of the roof, with skylights on top, said Strope. "What we're trying to do is true loft living," he said. "We're trying to avoid having people get into an elevator and walk down a hallway. We want them to walk down a corridor." The project is about halfway through the city's development review process but will still go through several rounds of review by city staff, said city planner Anne Aspen. One of the larger issues surrounding the project is the availability of parking, typically an issue in Old Town. Urban Living Lofts will feature 30 enclosed parking spaces for residential units and a parking lift so that when a car enters the lot, it will be raised to make room for another car. The project will also have eight outdoor spaces for commercial tenants. "I think there's definitely a market for it," said Strope. "Vertical building - I think we're going to see a lot more of that here in the near future. It's starting across the country and all the big cities are doing it." Originally published October 5, 2005 ii& Print this article = Email this to a friend Subscribe Now Home I News I Entertainment I Communities I Directories Classifieds I Sh000ina I Cars I Jobs I Homes I Customer Service Contact us I Sub9Gr(bg I Place an ad ;� Copyright ©2All The Fort Collins Colorcdoan. All rights reserved.GF � - �I1E1f Users of this site agree to the Terms of Service Corm (Terms updated 12/20/02) http://www. i;oloradoan. com/appslpbcs.dl l/article?AID=/20051005/BU SINE S S/51005034... 10/05/2005 Business - The Coloradoan - www.coloradoan.com Page 2 of 3 Urban Living Concepts is working with the city to win approval for the project and is hoping to break ground by February, Strope said. The project will take about a year to build. Already, Strope and Seitz have several of the lofts under contract. "People like to live and work and be centralized," said Strope. "There are still quite a few people who would prefer not to have to drive everywhere - to be able to get up in the morning and grab a paper and a cup of coffee and walk to work." The Urban Living Lofts joins a growing number of loft projects that will be built in Fort Collins within the next five years. Among those is Cortina, a seven - story loft and office building that's nearing completion at the comer of Howes Street and Canyon Avenue. That building, developed by Bill Coulson, features 20 lofts ranging from $350,000 for a 1,200-square- foot-unit to $925,000 for a 4,000- square-foot unit. Recently, Lee's Cyclery owner Archie Solsky announced that he's planning to build a six -story, 78,000- square foot building with one story of commercial space, one story of office space and four stories of lofts. The building will be located next to Perkins at 301 S. College Ave. Pine Street Lofts, a three story building at 261 Pine St. that features 14 lofts has recently been completed, with some finishing touches ongoing, said Eric Nichols of Nichols Street at Re/Max First. Five of the units are occupied or under contract at Pine Street Lofts, which was developed by Boulder - based Beryhill Development. That's slightly behind what developers were expecting, but still a good turnout considering the other lofts on the market, said Nichols. Rendering courtesy JCL Architecture A look at the inside of the Urban Living Lofts at Magnolia Street project. Upcoming projects • Urban Living Lofts, 210 Magnolia St. - A four-story, 41,000-square-foot-building that will include 18 lofts and three commercial spaces. Prices for the lofts will average in the $300,000 to $400,000 range. • Archie Solsky's loft project, 301 S. College Ave. - A six -story, 78,000-square-foot building with one story of commercial, one story of office space and four stories of lofts. No price determined yet. • Old Town Lofts, 200 S. College Ave. - A three-story, 7,000-square-foot residential and office building, including 17 lofts. Prices range from $160,000 for a 700-square-foot unit to $260,000 for a 1,000-square-foot loft. • Cortina, corner of Howes Street and Canyon Avenue - A seven -story loft and office building, including 23,000 square feet of primarily office space and 20 lofts. Prices range from $350,000 for a 1,200-square-foot unit to $925,000 for a 4,000-square-foot loft. • Mason Street North, 403 Mason Court - Three multistory buildings, including 18,000 square feet of office and commercial space and 20 lofts. Prices range from $175,000 for a 630- square-foot unit to $400,000 for an 1,800- square-foot loft. • Pine Street Lofts, 261 Pine St. - Three-story building with 14 lofts. Prices range from $274,000 to $679,000. http://www.coloradoan. comlappslpbcs.dll/article?AID=120051005BUSINESS151005034... 10/05/2005 Business - The Coloradoan - www.coloradoan.com Page 1 of 3 Search news: (' Website (7 days) (_ Archive(1999-) Home News Local News News Entertainment Communities Directories Classifieds Shopping Cars Jobs Homes Customer Sc [`FY , FV"l�1111a. 4Fr� t-'I•up,FF all a a,.M." F nfo I he Next 100 Years so' uurce cm ' F LOOKING FORWARD FROM THE PAST Wednesday, October 5, 2005 Lofts carving Old Town niche Seventh project slated for downtown By KIRSTEN ORSINI-MEINHARD KirstenOrsini@rolora!doan.com Archives Fort Collins developers Alan Strope News Tips and Corey Seitz are planning to build an $8 million loft and commercial Sports project in Old Town, adding to the Csu zone increasingly competitive loft market in the downtown area. Obituaries Nation/World Urban Living Lofts at Magnolia Street is the seventh loft project Celebrations announced by developers in the past couple of years that will be built Opinion downtown. Business Strope and Seitz, operating as LHestyle Urban Living Concepts, LLC, will Photo Galleries renovate an already -existing one - story building at 210 Magnolia St. YES —Your Style Columnists The building is located on about a quarter acre of land and currently Extra houses several office tenants, said Technology Strope, who is also the co-owner of Fort Collins -based Savant Homes. Weather Entertainment Dating Windsor Beacon Communities Directories Health Shopping Coupons Homes Cars Jobs Customer Service When it's completed, the 6,000- square-foot building will be expanded on all sides for a total of 41,000 square feet. The building will also include 11,000 square feet of parking. ADVERTISEMENT ACTIVE ADULT COMMUNITY Rendering courtesy JCL Architecture There will be 18 lofts, ranging from Urban Living Lofts at Magnolia Street will be a 950 square feet to 1,700 square feet. 41,000-square-foot project at 210 Magnolia St. The The average price tag on a loft will $8 million project will have 18 lofts and three range from $300,000 to the low commercial units when it's completed. $400,000s http://www. coloradoan. comlappslpbcs.dll/article?AID=1200510051BU SINE S S151005034... 10/05/2005