Real Estate & Construction  April 20, 2016

McWhinney pays $6.4M for land near Foothills mall

FORT COLLINS — Loveland-based McWhinney Real Estate Services Inc. has purchased approximately 12 acres of land to the north and east of the Foothills mall in Fort Collins, where it has been planning to build apartments.

McWhinney, through its entity SMP4 Investments Inc., paid $6.4 million for the land south of East Swallow Road and west of Stanford Road, according to public records. The four parcels wrap around the northeast portion of the mall that has been undergoing major renovation.

McWhinney bought the land from Walton Foothill Holdings VI, the combination of Greenwood Village-based developer Alberta Development Partners, which is redeveloping the mall, and Chicago-based Walton Street Capital.

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Walton Foothills Holdings in December demolished the Commons at Foothills Mall, a one-story 50,000-square-foot neighborhood strip mall built in 1978 that occupied the parcel at the north end of the mall.

McWhinney has submitted final plans to the city’s planning department to build 405 units in 19 two- and three-story buildings.

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