Real Estate & Construction  March 5, 2021

Tesla plans service facility in Loveland

LOVELAND — Loveland may soon be home to a Tesla Inc. (Nasdaq: TSLA) business, although not necessarily a dealership.

The electric-vehicle manufacturer and retailer has begun seeking the necessary permits to rehabilitate the former Davidson Chevrolet dealership location at 1604 N. Lincoln Ave.

The facility was purchased in September 2020 by Drake Loveland Motor Partners LLC, a company affiliated with Drake Real Estate Services Inc., 496 S. Broadway in Denver. The purchase price was $3.675 million, and the seller was Powersports Properties LLC.

Drake Real Estate has created multiple limited liability companies in recent months, including Drake Motor Partners Memphis LLC, Drake Motor…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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