Weekly Real Estate News
Source: The Daily Sentinel —
While road crews work to transform downtown’s busiest intersection, a Front Range developer is crafting plans to transform one of downtown’s biggest blights.
Richmark Real Estate, a developer from the Front Range, is under contract to acquire the old City Market site at 200 Rood Ave. and a neighboring parcel, with an eye toward building hundreds of apartments. Not only will this add more housing downtown but it also activates a long-dead property, both top issues for local leaders.
“Realistically, this isn’t going to be affordable housing. But I am excited for this,” said Grand Junction City Council member Abe Herman, who has been a vocal advocate for more housing. “This is the kind of development you want in downtown.”
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