300 apartments back on development track in north Fort Collins

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Watermark Residential's conceptual drawings of a proposed 300-apartment project on an undeveloped tract that runs from Spaulding Lane south to East Willox Lane.

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An Indiana developer has resurrected plans for 300 luxury apartments in north Fort Collins. 

Watermark Residential, which is also developing apartments at Prospect Road and Shields Street, has filed a preliminary development review application with the city for nine three-story buildings plus amenities.

Developers are scheduled to review Watermark’s plans with the city’s planning department March 31.

The largely undeveloped tract runs from Spaulding Lane south to East Willox Lane. The eastern boundary would be Redwood Street. 

Redwood, which currently ends south of East Willox, would be extended, according to preliminary plans filed with the city. 

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Watermark first proposed its plan for this site in 2018. Company officials did not return calls for comment so it is unclear why that iteration never went forward.

That plan contained the same number of overall units but had them located in five two-story buildings and six three-story garden-style buildings with clubhouse and resort-style amenities. 

Watermark is the latest multifamily development proposed for Fort Collins, which continues to be awash in new apartment proposals. More than 2,100 units are in some stage of development or recently opened in Fort Collins.

Watermark says in its company overview that it focuses on development of Class A apartments in affluent suburban locations in the Midwest, West and Southeast. 

The 12-year-old company targets sites close to new retail, upscale single-family homes and employment centers while being visible and accessible from major thoroughfares. Rents are market based.

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Larger apartment projects in the pipeline

Here’s a look at some of the larger multifamily units currently on the city’s radar: 

Pat Ferrier is a senior reporter covering business, health care and growth issues in Northern Colorado. Contact her at patferrier@coloradoan.com. Please support her work and that of other Coloradoan journalists by purchasing a subscription today.