timnath town core development site adjacent to fort collins · 2016-11-21 · 11/8/2016 2 3 key...

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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 Walmart Interstate 25 900’ Poudre River Frontage PARCEL 1 15.1 Acres PARCEL 2 3.51 Acres PARCEL 4 5.53 Acres (SOLD) PARCEL 3 8.6 Acres (UNDER CONTRACT) PARCEL 5 20.1 Acres

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Page 1: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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

Page 2: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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…

Page 3: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

11/8/2016 3

Regional Power Center In Progress *Site for Sale is Yellow Dashed

Page 4: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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

Page 5: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of 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)

Page 6: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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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

Page 7: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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$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

Page 8: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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

Page 9: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

Conceptual Architecture for Multi Family within Riverbend (Under Contract)

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Page 10: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

1011/8/2016

Jobs, Medical, and Retail

Page 11: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

$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

Page 12: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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

Page 13: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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

Page 14: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

1411/8/2016

Page 15: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

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

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Page 16: Timnath Town Core Development Site Adjacent to Fort Collins · 2016-11-21 · 11/8/2016 2 3 Key Reasons Why Here 3 Key Reasons Why Now 3 More Great Reasons 1. Job growth west of Riverbend

Contact:

Craig Harrison, President

Harrison Resource Corporation

PO Box 399

Timnath, Colorado 80547

970-226-4100

[email protected]

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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