Exhibit #2: 830 E Myrtle St — Our first look at Fort Collins under the NEW Land Development Code.
Do NOT let those with powerful and vested, monied interests tell you otherwise. Read the listing description below to see how this is an investor and developer free-for-all in the making.
Our smaller and relatively older housing stock is our most affordable. In a cruel twist, those homes will be targeted for demolition and redevelopment into multi-unit luxury housing. This will NOT help workers and lower-income community members at all. They will be displaced and dispossessed. This is gentrification.
Although the Fort Collins City Planning Manager has said that “the intent of the new LDC wasn’t to “Add a bunch of density in neighborhoods”, there are many examples to illustrate that local speculators and developers know what the Land Development Code will end up doing in reality. People who make their money from property appreciation know this will be a developer free-for-all where our most affordable single family rentals and owner occupied homes will be demolished and replaced with luxury multiplexes.
830 E Myrtle St, Fort Collins, CO 80524
Public Remarks: Residential: If you are seeking a single-family oasis in the heart of Old Town, don't miss out on this unique opportunity. This land offers homeowners the opportunity to design their dream home, with ample room for outdoor living. Live the true Colorado dream as you settle in the Ft. Collins community, within walking distance to restaurants, breweries, and multiple trails. Multi-Family: Investors can now realize the full potential of this lot with the ability to utilize the land to build high end townhomes for discriminating buyers. Market analysis available for investors seeking the opportunity to appeal to high end buyers seeking turnkey units, in a fabulous location. Care Facility: Owners of long-term care and rehabilitation centers will realize the potential of this unique site. With the ability to design, develop, and operate a care facility, investors in this sector now have the chance to see their project come to fruition within the heart of our community. These units are not Historically Designated. Please note this is one of two properties being sold. The seller prefers to sell 830/834 E Myrtle together. Updated land use codes as of 10/18/22 offer many opportunities: https://www.fcgov.com/housing/lucupdates
(bolded emphasis is ours)
Direct Link: https://www.redfin.com/CO/Fort-Collins/830-E-Myrtle-St-80524/home/35013778
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