Fort Collins Armadillo restaurant sold

FORT COLLINS – At least in the near term, blue-corn green chile enchiladas and weekend karaoke remain on the menu at The Armadillo restaurant in Old Town Fort Collins.

But new owners of the establishment, having paid $1.75 million for the 35,000-square-foot lot and 6,100-square-foot building, are not likely to stay in the restaurant business long, with a plan to redevelop the site to accommodate a multistory retail, office and, perhaps, residential project.

Buyers David Everitt, president of the Everitt Cos., and Dan Eckles, a senior partner in Realtec Commercial Real Estate Services, will lease back the restaurant to owner/founder Louis Lucio,…