Low vacancies spur multifamily flurry

Looking for an apartment in Northern Colorado? Chances are the hunt could be lengthy, the pickings slim and the rents high.
But that could all change as a prevailing vacancy rate of about 3 percent in Northern Colorado appears to be spurring the market for new apartment complexes. One of the most ambitious projects is planned for Loveland’s Rocky Mountain Village, the 550 acres of land owned by McWhinney Colorado Enterprises at the northeast and northwest quadrants of Interstate 25 and U.S. Highway 34.
The landowner has city approval for up to 500 apartment units on the property. If buildout…