Loveland Reporter Herald
LOVELAND, CO, March 12, 2013: Developers of a proposed five-story downtown apartment building got the go ahead from the Loveland Planning Commission on Monday.
The commission voted 8-0 to approve Brinkman Partners' plan to build a 70-unit upscale apartment complex at the southwest corner of Sixth Street and Lincoln Avenue.
The redevelopment of the property, which the city now owns, comes as the result of the city's pursuit of a catalyst project.
“It looks like they're close to having their site development plan approved,” said Mike Scholl, a planner with the city's Economic Development Department.
He said Fort Collins-based Brinkman Partners wants to close on the purchase of the property April 4 and then will start removing asbestos and lead paint from the former Home State Bank building on the site. Demolition will follow, with a groundbreaking possibly in May.