timnath town core development site adjacent to fort collins · 2016-11-21 · 11/8/2016 2 3 key...
TRANSCRIPT
Five parcels totaling 52.5 net development acres zoned, platted and infrastructure ready with land uses including retail, office, entertainment, hotel, restaurants, and mixed use. Regional access to the site at the I-25 and Harmony Road interchange with 140,000 vehicles per day.
$500 million in projected 2020 retail disposable income.
Primary and secondary trade areas are projected to 57,000 population in 2020. New adjoining Costco sales are 2.5 times projection. New Banner Health Hospital is minutes away. Comcast has recently announced 600 new jobs in nearby HP Campus. Nine major mid to upper end housing developments are underway immediately east, south and north.
$11.1 million has been invested in both on-site and off-site infrastructure. New $5.6 million Poudre Fire Authority fire station is
complete.
Timnath Town Core Development Site Adjacent to Fort Collins
1
Future Police Station
Site Future Town
Hall Site (Architect Retained)
Banner Hospital
Intel/HP/Avago/Comcast
Costco WalmartInterstate 25
900’ Poudre River Frontage
PARCEL 115.1 Acres
PARCEL 23.51 Acres
PARCEL 45.53 Acres
(SOLD)
PARCEL 3 8.6 Acres
(UNDER CONTRACT)PARCEL 520.1 Acres
211/8/2016
3 Key Reasons Why Here
3 Key Reasons Why Now
3 More Great Reasons
1. Job growth west of Riverbend on Harmony Road in Fort Collins• Businesses currently provide over 21,000
jobs, projected to 36,000 by 2025• Comcast just announced 600+ new jobs
(May 2016)• Broadcom announced expansion of 225+
new jobs to its 1,300 (Dec 2015)
2. Housing growth immediately east, north, and south of Riverbend• 9 major housing projects are underway• Land planning for 9,000+ new units
3. Population demographics • 2020 annual retail disposable income is
projected at $500 million within 5-7 minutes
• Household income exceeds $86,000, with 40% over $100,000
• Primary & Secondary trade areas projected to 57,000 households in 2020
• 425,000 population within a 15-mile radius, and 740,000 within a 30-mile radius by 2020
1. Regional transportation access ½ mile west of Riverbend• 140,000 VPD at I-25 and Harmony Road
interchange• Major regional intermodal
transportation hub at interchange
2. Regional retail draw by Costco and Walmart adjoining Riverbend• 2016 projected sales are $250 million,
2.5 times original projections
3. Environmental amenities at Riverbend• Site controls 900’ bluff overlooking the
famous Cache la Poudre River• Regional Poudre Trail on site is 95%
complete from west Fort Collins to east Greeley
1. $10 million capital investment within Riverbend by city and public entities• Site was readied for $5.6 million fire
station just completed
2. Speed-to-market, approvals, infrastructure and shovel-readiness• All off-sites complete• Expedited building permit process by
smaller town
3. Lack of competing commercial land supply• Project is next in line as Costco pads are
80% sold• Last major retail site on Harmony Road
west just breaking ground
Why Here, Why Now…
11/8/2016 3
Regional Power Center In Progress *Site for Sale is Yellow Dashed
411/8/2016
Riverbend Site
11
95
7
610
1
2
4 3
83-Mile Radius
Harmony Road East
I-25
Harmony Road West
I-25
New Housing Developments Near Riverbend
11/8/2016 5
Rapidly approaching 500,00 to 750,000
population within 15 and 30 minute drive
I-25
I-25
*Data & Map From ERSI7/25/2016
Radius 2016 2020
3-Mile 19,013 22,877
15-Mile 385,237 426,620
30-Mile 673,572 739,855
2020 Projected Population around Riverbend Site (3, 15, 30-Mile)
6
Primary Trade Area (5-7 minute drive)
Disposable Retail Income
2020 Projections:$500 million ($90,000 median household income, 40% over $100,000)
2020 Primary
Trade Area
Demand
Square feet20% Absorption at
Riverbend
Grocery: 153,000 sf 30,600 sf
Restaurants/Brew
pubs:173,000 sf 34,600 sf
Liquor/wine/spirits: 29,000 sf 5,800 sf
Apparel and
accessories:116,000 sf 23,200 sf
All other retail: 497,000 sf 95,800 sf
SUBTOTAL 190,000 sf
Office: 900,000 sf 180,000 sf
Medical: 185,000 sf 37,000 sf
Source: THK Associates Oct 2015
11/8/2016
7
$250 million 2016 estimated gross sales
New Costco and a 6-year-old Walmart located ¼ mile west of site, separated by 100% floodplain and floodway, all on Harmony Road just ½ mile west of the I-25 and Harmony Road interchange with 140,000 daily vehicle movement.
Starbucks, Chick-fil-A, Taco Bell, Freddie's Steak Burgers and Les Schwab Tire Center are underway on 50% of the remaining Costco/Walmart pads.
RIVERBEND IS NEXT…11/8/2016
Poudre Fire Authority breaks ground on new Timnath fire station in side Riverbend
March 22, 2016
“The rapidly growing town of Timnath is one step closer to getting a new fire station after Poudre Fire Authoritybroke ground Tuesday on Station 8. The 15,449-square foot station is expected to open in December. Overallconstruction is estimated to cost $5.6 million,” Poudre Fire Authority battalion chief Holger Durre said Tuesday.
11/8/2016 8
Completion date December 2016
Conceptual Architecture for Multi Family within Riverbend (Under Contract)
9
1011/8/2016
Jobs, Medical, and Retail
$5.5 million in infrastructure completed Summer 2015
New $5.6 million Poudre Fire Authority station just
completed
Timnath Town Hall architect retained by town with
projected start date spring 2018
$500,000 regional Poudre Trail just completed
Full movement intersection on Harmony Road with second
right-in/right-out
Dry utilities completed
Minutes from Costco, which opened in October 2014
Beautiful views of the Rocky Mountains and 900-foot
frontage of the Cache la Poudre River
$500 million in 2020 retail disposable income within 5-7
minute Primary Trade Area
$86,000 average household income in Primary Trade Area
40% with over $100,000 income
Total households in primary and secondary markets is
42,000 with over 57,000 projected by 2020
140,000 vehicles per day within 2 minutes of I-25 and
Harmony Road
No metro or special taxing districts, making sale taxes
substantially lower than most other similar properties
1111/8/2016
1211/8/2016
PARCEL 45.53SOLD
PARCEL 38.6 Acres
Multi Family/Mixed UseUNDER CONTRACT
PARCEL 23.51
Retail/Commercial
PARCEL 18.6 Acres
The Village/Town Center
PARCEL 520.1
Employment
1311/8/2016
PARCEL 115.1 Acres
PARCEL 38.6 Acres
UNDER CONTRACT
PARCEL 45.53 Acres
SOLD
PARCEL 520.1 Acres
Future Town Hall
PFA Fire Station Broke ground March
2016
Future Police Station
PARCEL 23.51 Acres
1411/8/2016
Location The Town of Timnath is centrally located in Northern Colorado, with exceptional access to Fort Collins, Loveland, Greeley and Windsor. The Riverbend site boasts a ¼ mile of frontage on Harmony Road just southeast of the I-25 and Harmony Road interchange. The surrounding population is 363,260 within a 15-mile radius, and 615,260 within a 30-mile radius. Utility Providers Electric: Poudre Valley Rural Electrical Association (PVREA) Natural Gas: Xcel Energy Water: Fort Collins-Loveland Water District (FCLWD) Sewer: South Fort Collins Sanitation District Fiber: Level 3, Baja Broadband, Comcast, CentruyLink Voice: CenturyLink Topography The site has a generally slight slope downward to the southwest. Public Services Police: Timnath Police Department Fire: Poudre Fire Authority (PFA) Harmony Road Frontage 1500 feet of frontage with both full movement intersection and right-in, right-out on drive-home side of road.
Northern Colorado Trade Area Northern Colorado’s trade area includes approximately 540,000 people and is known nationally for its high quality. Home of Colorado State University and the University of Northern Colorado, the region’s population is largely young and well-educated with a diverse workforce. The median household income is high at $77,000 within a 5-mile radius. Talented Workforce 50% of the population within 5 miles holds a bachelor degree or higher #1 “Best Cities for Young Professionals” #2 “Best Place for Business & Careers” #2 “Best Place to Live” #3 “Best Place to Do Business” #10 “Best-Educated City in America” Major Employers The Fort Collins/Loveland MSA is home to 21 Fortune 500 companies. The Riverbend project is less than 1 ½ miles from major technology companies including HP, Intel, and AMD. Other major employers include:
Banner Medical Center
Medical Center of the Rockies
Poudre Valley Health
Aims Community College
Colorado State University
University of Northern Colorado
Poudre School District
In-Situ
JBS Swift & Co.
Leprino Foods
New Belgium Brewing
O-I
RR Donnelly
Vestas
Waterpik
Woodward
1511/8/2016
Contact:
Craig Harrison, President
Harrison Resource Corporation
PO Box 399
Timnath, Colorado 80547
970-226-4100
16
Prepared by Harrison Resource Corporation. Information contained herein, while not guaranteed, is from sources
believed to be reliable. All prospective purchasers are encouraged to obtain legal and/or technical guidance. Prices and
information contained within this brochure are subject to change.
11/8/2016