Real Estate & Construction  November 5, 2010

Arrowhead condos points to past and future

FORT COLLINS – A new condominium project called Arrowhead will offer present-day residents of Fort Collins a luxurious home at the foot of the mountains that the first inhabitants of Colorado could never have imagined.

The project, which is expected to break ground early next year, will initially include two three-story buildings with drive-in garages at ground level. A third building is planned for the site but will be built later, said Stan Everitt, who is developing the project with his father, Bob, and son, Aaron.

Stan Everitt said the project, which features 10 living units per building, offers many amenities, including choice of finish of countertops, flooring and other design aspects. An on-site interior designer will help residents make their selections.

“The interior design and the materials are up to the owner,” he said. “They can select their own materials, so they are custom units. It’s not at all a huge project, but it’s very upscale, a mid-rise in a midtown location.”

Individual condos are all two-bedroom units and range in size from 1,341 square feet – the Arapahoe floorplan with two and a half bathrooms – to the 3,792-square-foot Apache plan with three bathrooms and four sunrooms on the upper level. Prices range from $375,000 to $900,000.

Other floorplans, the Osage, Lakota and Shawnee, also emphasize the Native American theme and will have a “national park lodge” feel, according to the Everitts.

The project highlights not only the region’s earliest dwellers but also recalls the first residential project built by Bob Everitt in 1955 – the Indian Hills development in south-central Fort Collins.

“It’s a tribute to the land and the history of this place,´ said Aaron Everitt. “One of the first developments the company did was Indian Hills, so it’s also looking back to that.”

Arrowhead will sit at the intersection of Worthington Circle and Centre Avenue on the north end of the Centre for Advanced Technology off Drake Road, which the Everitt Cos. have been developing for years.

“This is about the last project we have in that development,´ said Bob Everitt, who noted the location’s proximity to jobs, shopping and recreation. “There’s a lot of new employment there with the government offices nearby, it’s close to Colorado State and restaurants and a health club and the senior center.”

But he stressed that the project is not geared to seniors. “It’s not a senior project. It’s for anybody.”

Room at the top

Bob Everitt and his wife, Joyce, have already reserved one of the two top-end condos for themselves. “The views are very good there,” he said with a smile.

Everitt said sales are ongoing for the first two buildings and the goal is to have them ready for occupancy by next fall. “We’ve had some real strong interest in them,” he said. “We think this is a very unique project. We’ve done condos before, but not upscale condos like this.”

Aaron Everitt said the project is allowing him to join his expertise in design and interiors with his grandfather’s vision and his dad’s project management skills.

“I think it’s a fantastic project, and it’s amazing for me to work on a project with three generations of people,” he said.

Stan Everitt said the recession has had an impact on the company’s residential business but things are improving. “I think we’re doing as well or better than most in the Fort Collins environment as far as lot sales,” he said. “Jamestown, our home-building company, continues to be up there in permit counts in the city and sales for them have been pretty good, relatively speaking.”

He said the Arrowhead project doesn’t yet signal a strong rebound in the local residential building sector. “I’m not sure it’s a leading edge to a return to a stronger market,” he said. “We’re dealing with a product that would probably absorb more quickly in a stronger market, but it’s our opinion that even in this market, with clients probably buying with homes to sell, we’re still feeling like we can have success.”

FORT COLLINS – A new condominium project called Arrowhead will offer present-day residents of Fort Collins a luxurious home at the foot of the mountains that the first inhabitants of Colorado could never have imagined.

The project, which is expected to break ground early next year, will initially include two three-story buildings with drive-in garages at ground level. A third building is planned for the site but will be built later, said Stan Everitt, who is developing the project with his father, Bob, and son, Aaron.

Stan Everitt said the project, which features 10 living units per building, offers…

Related Content