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Description

One of Colorado's most exciting and well-known projects, the Colorado Outdoors development is a 164-acre revitalization of northern section of Montrose along the famed Uncompahgre River. The master plan is a highly divisible yet flexible campus of high-end commercial, residential and industrial options. The area was recently approved as an Opportunity Zone by the Colorado State Governor's office and the United States Department of the Treasury, allowing for significant investor and business tax credits through the temporary deferral of capital gains. The property is also in a special Tax Increment Financing (TIF) district, allowing for investor / developer cost repayment of civil engineering fees and infrastructure costs such as roads, utilities, landscaping, and parking lots. An estimated $30 million is CURRENTLY UNDER CONSTRUCTION, including site work, infrastructure, improvements, open space and river restoration, with future gold-medal fishing and a world-class trail along the river. Phase 1 is now complete! The northern section is comprised of hotel and restaurant sites, with retail spanning Grand Avenue along the east end. Modern, quality housing units comprise the southern end, with abundant open space and trail access adjoining the properties. Customize your plot size and location to fit your businesss needs. Final plat is approved but can be modified. Water and Sewer Taps are negotiable. High-speed, fiber optic internet is available. Please review the brochure, master plan map, final plat and CC&Rs located in Associated Documents for more project details including pricing, property type, overall layout and covenants.

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Market Activity 81401