Encompass Technologies closes on Block One land
The company's new HQ at 418 Linden St. will serve as the main component in a larger project called Block One. The development will include multi-family housing, retail and a restaurant.
Encompass paid slightly more than $1 million for the land. The entire project is expected to come with a $9 million price tag.
The development drew criticism from environmental group Save the Poudre, because of its proximity to the Poudre river, but Kent and Jonathan O'Neil, the father-and-son team that founded Encompass, see the location as a draw for potential tenants and a catalyst for riverfront development.
Kyle Lundy of Sperry Van Ness brokered the land transaction.
Read more about the Block One project here.
More breaking news...
NASA leader tours LASP; talks about commercial space travel
Regus offers co-working space for Earth Day