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\Business Dlo
Saturday, November 16, 2002
• Fort Collins Coloradoan •
Business editor: Pat Ferrier, 224-7742 E-mail: BusinessNews@coloradoan.com
Judy McKenna
It's Your Money
Control
spending
during
holidays
Last week, we talked about
the physical problems that arise
when people worry about too
`Mansion Park' planned on east side
By JULIE GORDON
JulieGordon@coloradoan.com
A Denver -based developer
has plans to build a 598-home
subdivision in east Fort Collins.
Trimark Communities' pro-
posed 55-acre Mansion Park sub-
division, on the northwest cor-
ner of Timberline and Drake
roads near the Rigden Farm de-
velopment, would consist most-
ly of condominiums and town -
homes.
The project would include
380 "mansion" condominiums,
142 townhomes and 76-single
family homes. Condos will cost
about $120,000, the townhomes
will be in the "high 100s" price
Condominiums, townhomes dominate
proposed 598-home subdivision
range and the single-family
homes will cost in the. upper
200s, said Glenn Nier, director
of development for Trimark.
"We're excited about it," Nier
said. "We feel that Fort Collins is
a good market because the local
economy is so strong. We feel
that this type of product will do
very well."
The project still has to be ap-
proved by the city of Fort
Collins, Nier said. The goal is to
receive approval within the next
year so people would be able to
move into the housing in late
summer or early fall 2004, Nier
said.
The Mansion Park subdivi-
sion would be Trimark's first de-
velopment in Fort Collins.
Mansion Park subdivision is
expected to attract first-time
homebuyers, young profession-
als, families with children, peo-
ple who want to condense into
smaller housing, "empty nester"
parents and Colorado State Uni-
versity professors, said Nier and
Sandy Hogue, Trimark's vice
president of sales and marketing.
"What we've seen in Fort
Collins is the opportunity to
provide first-time homebuyers
with an opportunity to buy their
own home as well as busy pro-
fessionals the opportunity to
purchase (exterior) mainte-
nance -free living," Hogue said.
Capellas - , o head troubled WorldCom
Trimark, which bills itself a -
the state's largest builder of
townhomes and condominiums,
is a division of building giant
D.R. Horton. The company
started in Denver about 10 years
ago and was acquired by D.R.
Horton in 1996, Nier said.
Trimark did the "mansion"
condominiums that are a part of
the Stapleton Airport redevelop-
ment project.
"We like the atmosphere and
the sense of the community in
Fort Collins," Nier said. "That's
what we've tried to create here
— that this would not be just an-
other development, that it
would have character."
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