Copper Ridge is the second new home development currently underway in northwest Loveland. Copper Ridge is located west of US Highway 287/North Garfield Avenue and north of West 57th Street behind Super Walmart. Copper Ridge is accessed through the Wintergreen subdivision, which was completed by Saint Aubyn and DR Horton completed in 2017 and 2018 respectively. The land features foothills views to the west and abuts the Burlington Northern Railroad and has an easement for the Louden ditch that runs through the property.
Copper Ridge was purchase by Journey Homes, which plans to provide affordable new single-family homes below $400,000 in the Loveland market. The fifty-five acre property consists of 152 single-family lots and sold June 1st of 2018 for $1,800,000. This equates to a purchase price of $32,555 per acre and $11,842 per lot. The property sold without raw water dedicated and was located within the City of Loveland water district.
This information was provided by Wayne Lewis, Partner & Broker Associate with the Land Group at LC Real Estate. Wayne has more than 10 years of experience in land and investment real estate and can be reached at 303.588.8808 or by email. Any information provided herein should be not be relied upon and should be independently verified.
The City of Loveland’s Water and Power Department has received approval to buy 9.1 acres of land north of the wastewater treatment plant on Boise Avenue.
The idea behind the approval is that the Water and Power Department wants to purchase the land to prevent residential development and resell it for other purchases. If used for residential housing, the city is worried there may be complaints from odor with proximity to the plant. Originally, the idea was to build a tiny-house community of affordable housing on the land.
Points West Community Bank has announced that they will be opening up a new branch in Loveland later in 2019. The bank currently has 5 locations in Wellington, Windsor, and Greeley. This will be the first location in Loveland.
The bank’s planned new location will be in the Orchards Shopping Center on E. 29th St. In the press release, the Loveland branch manager said they are excited to contribute to the vibrant business community in Loveland.
You can read more about the announcement from the Reporter Herald here.