FORT COLLINS — Real estate developer Brinkman Colorado has submitted conceptual plans to the city of Fort Collins to build Penny Flats North, a 59,215-square-foot mixed‐use project at the southwest corner of Cherry Street and North Mason Avenue in Old Town.
The plans for Penny Flats North are an amendment to the original approved plans for the Penny Flats Subdivision that involves combining buildings 7 and 8 of the original plans into a single structure.
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The amended plan calls for a five-story L-shaped building that will include 71 apartments that will be built on a vacant lot north of Penny Flats, a mixed-use project with high-end apartments that Brinkman completed in 2012.
Penny Flats North would have several ground-floor live-work units. Parking would be uncovered, except for spaces that would be ground level under four floors of apartments, according to documents submitted to the city.
Because the northwest corner of the site is bordered by the historic Trolley Barn, Brinkman said care will be given in the design of the building façade so that it respects the historic character of the Trolley Barn. Documents indicate that Brinkman wants to potentially incorporate a trolley car or other historical details/art relating to the Trolley Barn along the pedestrian walkway.
Penny Flats North is the second phase of Brinkman’s Penny Flats Subdivision project. The first phase, Penny Flats, was started in 2006 but took six years to complete. It was affected by the economic downturn in 2008, and after construction was underway, progress was hindered by a fire that gutted most of the work that had been done.
Brinkman officials will meet with city planners April 19 to discuss the amendment to the project.