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HomeMy WebLinkAboutBELLE CLAIRE, 310 S. COLLEGE AVE. - PDP - 26-05 - REPORTS -Mixectmuse loft projects y-a—va By KIRSTEN ORSINI-MEINHARD KirstenOrsini@coloradoan.com Archie Solsky is moving for- ward with plans to build a six -sto- ry loft and commercial building on an Old Town lot that current- ly houses Perkins Restaurant. The owner of Lee's Cyclery had a -preliminary meetiag with --- -the city's planntn department last week and is working on for- mal plans for his 78,000-square- foot loft project at the southeast comer of College Avenue and Olive Street Solsky hired Fort Collins - based Vaught Frye Architects to design the building and Fort Collins -based Dohn Construc- tion to build it "A loft really denotes an old warehouse," •> - Solsky said. "These are up- scale homes." SOLSKy Solsky s proj- ect will include 10,000 square feet of commer- cial space on the fast floor and about 16,000 square feet of office condo units on the second floor. The 52,000 square feet on the remaining floors will be devoted to 31 residential lofts, ranging in size from about 900 square feet to 2,000 square feet. The build- ing will include about 54 under- ground parking spaces, said Sol - sky, who has not yet estimated the full cost of the building. "Me fast two stories will be a brick and limestone combina- tion," he said. "The thought is to have the streetscape view tie in with downtown." Solsky bought the 35,000- square-foot lot in Old Town from Perkins franchisee Eric Spanier for $2 million late last year. Perkins has signed a five-year See LOFTS/Page D7 advancing inFort Collins In the works ■ Archie Solsky's loft project, 301 S. College Ave. — A six -story, 78,000-square-foot building with one story of commercial, one sto- ry of office space and four stories of lofts. Status: preliminary plan- ning phase. ■ Old Town Lofts, 200 S. Col- lege 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 Status: about to start construction with Continued from Page D8 lease to continue operating in the building at 310 S. College Ave., but Spanier has said the company is actively looking for another location in Fort Collins. Solsky doesn't plan to tear down the Perkins building after the restaurant moves out. He said he might use it for addition- al residential or retail space. Solsky joins a growing number of developers building lofts in Fort Collins, many of whom are combining homes with commer- cial space. Of the five loft projects in the works in Fort Collins, two are under construction. Developer Bill Coulson broke ground early last year on Corti- na, a seven -story loft and office building at the corner of Howes Street and Canyon Avenue. completion expected in August ■ Cortina, comer of Howes Street and Canyon Avenue — A seven -story loft and office build- ing, 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. Status: under construc- tion, to be completed next year. ■ Mason Street North, 403 Ma- son Court — Three multistory buildings, including 18,000 square feet of office and com- The project is scheduled to be completed next year and will in- clude 20 lofts and about 23,000 square feet of primarily office space. Pine Street Lofts, under con- struction at 261 Pine St., will in- clude 14 lofts in a three-story building. At a conceptual review meet- ing early last week, city planning officials recommended that Sol - sky be aware of the impact of traffic generated from the pro- ject's underground parking and consider street lighting near the building. The Downtown Development Authority will meet with Solsky on Thursday to take an initial look at the project. It will decide later whether it can provide funding help, said Chip Steiner, executive director of the DDA. mercial 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. Status: close to starting construction; will take a year to build. ■ Pine Street Lofts, 261 Pine St — Three-story building with 14 lofts. Status: in framing stage with a spring opening planned. ■ Cherry Street Lofts, 325 Cherry St — Three-story, 12,000-square-foot building with nine lofts and commercial space. Status: in development phase. The DDA is a quasi -au- tonomous body of nine volun- teers appointed by the Fort Collins City Council. It has au- thority to levy a property tax of up to 5 mills for its operations. The DDA is providing fund- ing for all of the loft projects cur- rently under way in Fort Collins, including $1.7 million for Cortina and about $500,000 for Mason Street North, a three -building project with 20 lofts. The DDA helps pay for the fa- cade of the buildings by estab- lishing an easement on the prop- erty. It also helps to fund right- of-way improvements such as street curbs and gutters. "They're residential projects, and residential is the key com- ponent we've been trying to get down here for the last 23 years," Steiner said.