The latest, Crowne on Timberline, proposes 310 rental units, including 25 townhomes, on 12 acres at 6111 S. Timberline Road, near Bacon Elementary School in southeast Fort Collins.
Developer Alan Levow of Birmingham, Ala.-based Crowne Partners Inc., said the units will be luxury apartments near the top tier of the rental market. “We are not seeking student traffic, but young professionals and older people who maybe don’t want to deal with yard maintenance,” Levow said in a telephone interview Thursday, a day after he met with about three dozen residents in a city-sponsored neighborhood meeting.
This would be Crowne’s first project in Colorado. The company targets “mid-tier cities, which Fort Collins would be a great example of,” Levow said.
The company looked at Denver but preferred Fort Collins, he said. “We like the site; we like the market; we like the town. We like the proximity to Harmony (Road). … We know more development is planned for Timberline, but that is a positive for us.”
City Planner Seth Lorson said Crowne Partners would be required to widen Timberline to four lanes along its 500-feet of frontage. “Timberline gets a lot of traffic right now,” from drivers coming from Loveland and Interstate 25 who get off and scoot up the road. It makes it a challenge for some residents to turn left to head north to Fort Collins.
As development occurs in the area, Timberline will be required to become a four-lane arterial road, Lorson said.
Three major projects are on the drawing board for Timberline in the same area as Crowne. Hansen Farms, 69 acres on the west side of Timberline Road across from Bacon Elementary, is expected to become a mixed-use project. The property is being developed by McWhinney Inc., of Loveland.
Kechter Farms and Kechter Crossing combined would add another 480 lots to the development mix. As the projects progress, each would be required to improve the road, Lorson said.