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...
OtterBox buys LifeProof
"It's more than we expected," said division spokesman
Ft. Collins and New Belgium purchase flows for the Poudre
OtterBox CEO Brian Thomas made the announcement at the CTIA trade show in Las Vegas.
The City of Fort Collins acquired the water from the Coy Ditch for a total transaction price of