Monday, June 3, 2013

Housing News Digest, June 3

Loft project could revitalize east side of Greeley A new residential project is simmering in downtown’s east side, promising another hint of revitalization of an area long since forgotten in the wake of Greeley’s westward expansion in the last 100 years. Even amid the current momentum driving growth to Greeley’s core, the Sunrise neighborhood — one of Greeley’s oldest, on the east side of 8th Avenue — has been left behind.

  Single dorm rooms on the rise at colleges The University of Colorado's Boulder campus has about 200 single beds of nearly 6,400 beds total, said Paula Bland, director of Resident Life for the campus. Bland said when the buildings were built, single dorms were not as popular. As some of the residence halls undergo renovations, Bland said additional singles or suites -- often limiting the number of students sharing rooms and bathrooms -- are being added.

  Apartments will replace Mile High United Way site A Tennessee-based company recently paid $10 million for the long-time corporate headquarters of Mile High United Way in Lower Highland. The Southern Land Co., based in Nashville, also bought a smaller adjoining parcel for $2.05 million, in one of the largest land assemblages in LoHi, one of the hottest neighborhoods in Denver.

  Vacancy rates rise, but so do rents Recent changes in vacancy rates may be a sign of future trends, at least for some parts of Northern Colorado. The latest data from the Colorado Division of Housing shows the vacancy rate in Fort Collins increased from 2.5 percent at the end of 2012 to 5.5 percent in the first quarter of 2013. That's good news for renters looking to find space in Northern Colorado's largest city.

  Kum & Go discussion bumped to June 25 Kum & Go has proposed building a 24-hour, 5,000 square-foot gas station and convenience store at a vacant lot located on the southwest corner of the Sylvan Lake roundabout on the western end of town. The area currently is zoned as a residential/multi family tract and the proposal would require a zoning change to allow the commercial operation.