Tuesday, August 28, 2012

Housing News Digest, August 28

‘Transit-oriented’ apartments back on track An eight-acre site in northern Douglas County could soon be bustling with construction equipment now that a transit-oriented development is one step away from approval. The creation of the tentatively named County Line Apartments, a four-building, 267-unit apartment complex proposed near an RTD park-n-Ride and the County Line light-rail station, is yet another sign of the rebounding housing market.

Council moves to ban free market residential units in downtown core Aspen City Council voted to move forward with a policy that could effectively ban development of new free market residential units in downtown Aspen in a meeting on Monday. Council voted 3-2 in favor of giving direction to staff to draft an ordinance that includes the directive. Councilmen Derek Johnson and Adam Frisch voted in dissent.

 Fort Collins-area housing sales on the rebound Home sales in Fort Collins and Timnath increased significantly in the first half of the year, putting the area on pace to break a seven-year slide in sales. It was the fourth increase in the past four quarters. If the trend holds, the number of homes sold in the region are estimated to grow about 8 percent this year over last, according to the Everitt Real Estate Center at Colorado State University, which released its market survey Wednesday.

Wal-Mart's first neighborhood grocery set to open Wednesday in Springs Smaller stores are about to give Wal-Mart an even bigger presence in the Pikes Peak region. The world’s largest retailer will open its first neighborhood market store in the Colorado Springs area at 8 a.m. Wednesday in a remodeled King Soopers, northeast of Platte Avenue and Murray Boulevard in the Murray Square shopping center on the city’s east side.

Comcor Picks Up Colorado Springs Office Bldg Comcor Inc. acquired 1355 Kelly Johnson Blvd. in Colorado Springs, CO, from Air Academy FCU for $1.34 million or $67 per square foot. The 20,000-square-foot, Class B office building was built in 1979 and is in the Northeast submarket. There were no sales conditions; the property was on the market for more than two years and under contract for about four months.