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We all know what it feels like to be stressed. It can make you anxious, less focused, and unable to sleep. For any business, it’s obvious why it could be bad for productivity to have employees that are stressed because of work or personal issues. To add onto this, there are a number of real physical issues that can result from stress such as high blood pressure or chronic pain.
LC Home and LC Real Estate group are going through the Mindful-Based Stress Reduction (MBSR) program in order to promote happier, healthier living for our employees! At its core, MBSR brings together mindfulness to promote healing or prevention of stress and overall wellbeing. This is done through mindful and intentional yoga, meditation, and greater awareness of one’s unity of mind and body.
More than 50% of adults report having high stress daily, and work-related issues can contribute a large portion of this stress. At LC Home and LC Real Estate Group, our mantra is to strive to make Northern Colorado a better place to work, live, and play – and we choose to invest in our employees as much as we invest back into the community itself. This is why we are going through the MBSR program as a company, in order to promote the wellbeing and mindfulness of our company as a whole!
To learn more about MBSR and the benefits of the program, please visit the website for Mindful Living Programs.
Searching for a commercial office doesn’t have to be a stressful process. Many businesses have different needs in terms of space and accommodations, but this shouldn’t slow you down or stress you out. Here are 5 things that you should keep in mind when choosing the right commercial office for your business:
Trying to find an office space without a tenant broker is kind of like trying to buy a house without a real estate agent. The advice and expertise that a broker can bring to the table is invaluable, and brokers may even have connections that you wouldn’t otherwise have access to. Best of all, their services are paid for by the landlords! LC Real Estate Group can help with Tenant Representation if needed.
When looking at a commercial space, the most important determining factors may not even be in the building itself. Location can play a huge role in the success of a business, and considering the other tenants in the same building or nearby buildings can improve your foot traffic or visibility. Let a tenant broker help you navigate these many issues.
Making a list can seem like a tedious task, but in the case of commercial leasing, it can’t be overstated. Knowing what would be nice to have, and what is essential for your business to operate can be the most important factors to consider when choosing a space. Things like technology coverage (wifi, cabling, phones), adequate meeting spaces, and parking can and should influence your decision.
Finding the right commercial space can take a long time. It shouldn’t be underestimated how long this process can take, and you should start searching up to a year before you actually need the space. The earlier you start, the smarter you can be about available leases to meet the needs of your company.
Just like any personal residential lease, flexibility when leasing a commercial office space can be paramount to keeping cost and expectations in line. Business conditions can change in a hurry, and you might suddenly find yourself needing more or less space, accommodations, or something else. Having an out or the ability to sublease could save your business a lot of money.
Loveland Habitat for Humanity is a non-profit that works with people in need to provide affordable housing and make it a reality for low-income family. Habitat for Humanity has done wonderful work across Northern Colorado for many low-income families by providing homes at no profit and no interest.
On Saturday December 15, Habitat for Humanity is dedicating a Faith Home build in Loveland that LC Real Estate Group had the honor in helping build!
As always, LC Real Estate Group is proud and honored to be a part of projects across Northern Colorado that help make the community a better place to live, work, and play. If you’d like to learn more about LC Home and our community projects, please contact us.
LC Real Estate Group raised money – and continues to raise money – for a program that provides warm winter coats and boots for Loveland elementary school students at multiple schools.
We all know that Colorado can have extremely cold winters, but what we may not know is that many children don’t have the coats and boots that are appropriate for the weather. Recently, LC Real Estate Group was featured in the Loveland Reporter Herald for a community effort that helps raise money to provide these trappings for children at low-income schools that don’t have them. The goal is to provide warmth and happiness to children whose families are in need.
LC Real Estate Group’s own Nathan Klein saw the impact that the program has in Fort Collins, and decided to bring the same program to Loveland schools. In Fort Collins, the program provides for more than 1,000 students across more than 20 schools in Poudre School District. Being such a great success in Fort Collins, Klein expanded the program to the Thompson School District to cover Winona, Truscot, Monroe, and Edmonson schools.
The goal is to expand the program within the next five years to cover all of the elementary schools in the Thompson School District – and help as many children and families as possible.
LC Real Estate Group and Klein expanded the program to Loveland three years ago, contributing $3,000 and buying 50 sets of coats and boats from Jax Mercantile at a large discount. Last year, LC Real Estate Group again contributed $3,000 with a matching contribution from Loveland business partners to add a second school to the program. This year, the program has tripled since its inception to 150 coats and pairs of boots. LC Real Estate again contributed $3,000, with another $3,000 being raised by the STIR Loveland through the Chamber of Commerce, and with the final $3,000 still to be raised.
LC Real Estate Group is proud to be a community partner in Northern Colorado and the Coats and Boots program is only one of the ways in which we try to contribute to the community to make it a better place to work, play and live
If you would like to help, LC Real Estate group continues to raise money to fund the program within the Thompson School District. Whether you are an individual or a Loveland Business Partner, any amount can help bring us towards the goal of continuing to provide coats and boots for children and families.
You can send donations to Northern Colorado United for Youth C/O LC Real Estate Group, 1712 Topaz Drive, Loveland, CO 80537 or donate online at http://loveland.org/CoatsAndBoots/
The Poudre school system is about to get a little bit bigger.
Poudre School District (PSD) has plans to open a new high school, middle school and elementary school east of I-25 on Prospect Road. Currently, the land is owned by the District and PSD is planning to have the schools built and ready by as early as fall of 2021. In addition to the schools, the district is will build a new athletic complex as well, with a multi-purpose field that can seat more than 4,000.
Obviously, this is great news for the real estate picture for the area, as schools and parks are a great way to attract developers to nearby land. When schools get planned, so do nearby housing developments. This paves the way for more growth and opportunity in real estate, and for home-seekers to move from inner city Fort Collins, Wellington, or Windsor to a more convenient location and for commercial investors to take interest in the surrounding real estate.
The other good news is that by the team these schools go in, the housing market could be lower than what we see today, making the possibility of moving into the nearby area much more realistic for first-time homeowners.
Planned projects include a new elementary school, two new combined middle and high schools, as well as the mentioned athletic complex and other district improvements. The district isn’t sure what the total cost of the project will be, but the timeline of the project has given them time to review and improve upon initial designs. The area will be just south of the Fox Grove development by LC Home.
Lots of excitement has been surrounding the development of Northern Colorado’s newest golf course. The new Berthoud TPC course is definitely in a league of it’s own. It would only be fitting that the member price tag matches!
It’s Summer 2018, and TPC Colorado members will soon have access to a 5,500 square feet clubhouse featuring a golf shop and cafe. In about a year (2019), TPC Colorado members will enjoy a 40,000+ square foot Clubhouse that will serve as a focal point for dining, hospitality and relaxation. Included in the clubhouse will be TPC Colorado’s full-service Golf Shop featuring an assortment of golf apparel and equipment.
In addition to TPC Network championship golf, the development will include a residential neighborhood with new homes ranging anywhere from custom estates to a mix of townhomes and condos. Serving as an epicenter of the community, the TPC Colorado clubhouse will include a pro shop, grill, bar and dining room, expansive meeting and banquet spaces and a separate pool and exercise facility. The mixed-use master plan is also zoned for a 30-acre commercial component, allowing small businesses to provide products and services in what has been dubbed "Heron Lakes Golf Community."
Just North of this new development, Northern Colorado is also home of the well-established, scenic, world renowned Mariana Butte Golf Course Community in Loveland, offering the same gorgeous views in a well situated area nestled in the foothills right off the river. Wildlife galore, and is also open to the public. The final addition of homes to be added to Mariana Butte, are currently under construction with some lots backing to fairways and open space. You can choose from estate lots, giving the buyer full customization options. The ridge lots will feature several builders and floorplan options as well. Eric Holsapple, Owner/Partner at LC Real Estate Group and LC Home, who is also a TPC member, built his home in Mariana Butte and currently resides there today. "We were the first ones in on the golf course. We built our home in 1995 and still love it here. The neighbors are great! We have Big Thompson River and the new bike trail that the city has tied in here. I can't say enough about it".
Memberships are going to be a lot different per golf course. The new TPC Course in Berthoud is currently accepting a limited amount of non-resident memberships starting at $25,000 for up-front fees and $400 a month until the club house is built, in which time the monthly dues will increase to $500 a month. Since Mariana Butte is a public course it offers memberships at $800-$900 a year, or a hole pass for $35, it brings a lot of its residents, locals and even international guests to this amazing mountain backed course. Be sure to stop by both courses to check out the progress of what's to come! LC Home is currently constructing several homes in Mariana Butte that will have options like walk-out basements, granite or quartz countertops, and all Kitchen Aid Brand appliances. Some lot will have views of the foothills, and others a view of the meticulously manicured golf course. The LC Home Model is now open from Friday through Tuesday, from 10:00 AM to 6:00PM. Stop by 4805 Mariana Hills Circle to check it out, and don’t forget to come for the Parade of Homes 2018. For more information or visit our website at www.ridgeatmariana.com
The downtown Safeway building will have a new tenant by Jan. 1 after sitting vacant for more than a year,
24 Hour Fitness plans to install a swimming pool and basketball court as part of about $8 million in renovations and improvements on the site, 460A S. College Ave.
"They've been trying to find a space in downtown for years and this one works," said Eric Holsapple, a principal with LC Real Estate. "I think they will get a lot of demand for it."
LC Real Estate purchased the building that also houses Mulberry Max liquor store, in 2015 for $8.8 million. Safeway, which had been part of the site since 1988, closed in February 2017.
The prime downtown site generated interest from other health clubs and redevelopers.
Holsapple said his first priority for the site was "to put food in there," he said. But "with Lucky's Market going in across the way (in the former Sports Authority site), people didn't feel like there was a demand for two" grocers. And Safeway, which continued to pay rent on the space, "didn't really want another grocer in there," Holsapple said.
LC Real Estate is investing about $5 million into the building for a new roof and HVAC system, and 24 Hour Fitness is putting in another $3 million to turn the grocery space into a health club. The building, built in 1988, "is still in good shape," with about 250 parking spaces in its below-ground and surface parking lot, Holsapple said. The property still has some redevelopment opportunities that could involve 24 Hour Fitness, but the timing isn't right, he said. "We are about 10 years into the (economic) expansion cycle. By the time the project got approved and built, "we weren't confident enough (in the cycle) to do a major construction project now," Holsapple said.
LC Real Estate put about $500,000 into the parking structure when it bought the property, Holsapple said.
24 Hour Fitness representatives declined to comment for this story. It has another Fort Collins club at 2208 E. Harmony Road.
The fitness chain signed a 15-year lease with LC Real Estate.
FORT COLLINS — Developers are hesitant to take on large residential projects in Northern Colorado despite there being an increasing demand for them, citing deterrents of higher construction costs and water-tap fees, and the lengthening of the entitlement process.
Realtors and developers on Tuesday at BizWest’s CEO Roundtable on Real Estate said that the short supply of homes coupled with the growing population is driving up home costs in Northern Colorado, impacting companies trying to recruit workers and putting a damper on economic development for the area.
“A homeowner is in good shape, because equity is at an all-time high,” said Brandon Wells, president of real estate brokerage The Group Inc. “Current conditions — being undersupplied with costs that are too high — is driving home value appreciation,” he said. “We are approaching double-digit appreciation.”
Wells and Nathan Klein, a partner with LC Real Estate Group, said homebuyers entering the Northern Colorado market from the Bay Area are bringing “a lot of cash” and the prices here don’t bother them. But people coming from the Midwest are concerned about prices here. In the meantime, the high prices are creating a generation of renters.
“We’ve no product to fill that gap,” Wells said. “The entitlement process is now up to three years before a developer can bring a project to market.”
Kris Pickett, manager of consulting firm Olsson Associates, said it is difficult to find lots on which to build; plus, there isn’t a new wave of developers to take on the challenges.
“There’s no money to be made as a developer,” Klein said. “Every input is costing more — water, asphalt, wood … and water is a significant undertone here … there needs to be more efficient water-distribution systems.”
Kevin Brinkman, chief executive of real estate development firm Brinkman, is concerned over President Trump imposing tariffs on imported steel and aluminum.
“It’s amazing how much steel is used in constructing a building,” Brinkman pointed out.
Stu MacMillan, owner of MacMillan Development, said right now is a difficult time to develop, because of water driving up costs. He also said in Fort Collins, there is an abundance of requests to develop student housing.
Connie Dohn, co-owner of Dohn Construction Inc., said a shortage of skilled construction labor force adds to the length of time it takes to complete a project, increasing costs.
“There aren’t a lot of young people entering the building trades, and we have to pay more than what they (inexperienced) are worth,” she said.
Dohn believes there are opportunities in the condominium market, but because of the state’s construction-defects laws, it is difficult for a developer to get insurance to cover a project.
“There is a greater risk is this lower end of the market,” she said.
The CEOs in the room agreed that a reform of construction-defects laws passed last year to help spur condominium development fell short of its goal.
Wells is fearful that proposed slow-growth initiatives will exacerbate the problems of high housing prices. “We need to solve the condo market problem, he said.
Commercial insights
The hottest sector for commercial construction has been in industrial and warehouse buildings.
Steve Kawulok, managing director of SVN/Denver Commercial LLC, said industrial lots are selling in the region, being termed as “spillover from Denver,” as land costs increase in and around that city.
Kittie Hook, a broker with Newmark Knight Frank in Denver, predicted development sprawl from Denver “has already begun to move north” and will continue.
Kawulok observed that a lot of commercial property is being snapped up more and more by outside capital.
“One out of four buyers are bringing in fresh money, and one-third of the dollars being spent is by outside buyers, adding a new dimension,” Kawulok said.
Klein said larger investment groups, such as real estate investment trusts, are more apt to invest and build here, because they don’t require the same return on investment as a local developer.
Lease rates
Josh Guernsey, a principal at Waypoint Real Estate, said the office market is tight, but lease rates haven’t been going up that much. He also said companies are downsizing space to keep rates lower.
Guernsey believes technology is allowing companies to work with less space.
“Now, a person’s office can be in their iPad.”
Guernsey said companies in the past may have leased space to provide 225 square feet of space per worker, but when they rework their lease, they drop that to 175 square feet per worker. “It’s a substantial cost-savings,” he said.
Mark Bradley, owner of Realtec Commercial Real Estate Services in Greeley, said as companies recovered from the recession, “they squeezed space and created open office concepts to save money.”
New construction of office space in Northern Colorado is almost nonexistent, Klein said, because construction costs are up and lease rates are not keeping pace.
“Current lease rates don’t warrant new construction,” he said.
Steve Schroyer, director of real estate for Blue Ocean Enterprises Inc., said buying dilapidated buildings and repurposing them is becoming harder to do.
“It’s a tough environment. With increasing construction costs, it’s hard to complete a project and hold down rents.”
Loveland's business community donned its cowboy finery Friday to celebrate the best of 2017 during the "Denim and Diamonds"-themed Chamber of Commerce dinner.
Taking a break from parties in the Embassy Suites ballrooms, the chamber threw its annual party and awards ceremony in the rustic events center at Ellis Ranch west of Loveland
After outgoing board chairman John Metcalf passed the gavel to new chairman Rollin Goering and wished retiring board members well, president and CEO Mindy McCloughan announced the winners of the chamber's annual awards.
Longtime commercial and residential developer LC Real Estate Group was named Small Business of the Year for its business successes and contributions to community organizations.
In 2017, the company built more than 100 homes through its LC Home division, closed more than 100 residential real estate transactions and achieved record commercial brokerage volume, according to the nominating statement.
The company and its employees also are involved in the Loveland Chamber of Commerce, the Food Bank for Larimer County,
Northern Colorado United for Youth Children's Foundation, Habitat for Humanity, the Loveland Housing Authority, and in 2016 started a Coats and Boots program for children at two elementary schools.
Company partner and commercial brokerage manager Nathan Klein accepted the award for the company, with a large group of employees posing for a group photo on stage.
"We are so proud to live here, do business here, be with you here, and we really embrace our tag line: Mindfully Creating Community," he said. "With every project we do, every home we build, every building that we renovate, we really do it proudly knowing that we live here and do business here. ... We all feel like if we all give back just a little bit, we'll make this a great place to live and do business."
The historic armory building in downtown Loveland was built in 1926 as a community hub and military training center and has served many different purposes in its 90-year life.After 35 years as home to a National Guard Unit, the iconic structure at 201 S. Lincoln Ave. also served as storage for Hewlett-Packard, school district headquarters, city offices and most recently a church.The church, whose members in 1993 painstakingly remodeled and saved the aging piece of Loveland history, and had it listed on the National Register of Historic Places, is now selling the building."The building we are at, the location, really does not support the vision we have for our church," said the Rev. Jason Avant, head pastor of Calvary Church. The church is looking for a larger building and more land to house a gym, activity center and space for different classes and workshops.So, they have listed the church for sale for $1.12 million and, at the same time, are looking for a new location for Calvary Church, which will rebrand itself as The Avenue, a United Pentecostal Church. The avenue is symbolic for the path to a better life it will support for its members through classes, support groups and community outreach, Avant said.The church bought the building in 1993 from the city of Loveland, which bought it in 1979 and initially used it for parks and recreation and water department operations until the Loveland Civic Center opened in 1986.In 1990, the City Council at the time, voted on whether to spend $50,000 to fix the roof, replace windows and secure the building, but with a 4-4 tie, nothing was done and the building remained in limbo.The roof continued to leak on the 14,000-square foot armory, and by the time the church bought it in 1993, the interior was in disrepair. News articles from the 1990s describe rotted floor boards, windows smashed by vandals and paint chipping away from foot-thick concrete walls.It was in such disrepair that, in a 1992 Reporter-Herald article, city officials estimated, it could cost as much as $350,000 to bring the Armory up to city code. Instead, the church members led by Pastor Daniel Johnson, gave new meaning to walking the walk and remodeled the building themselves, step by step, and turned the inside into a church, classrooms and offices."They definitely made it something of beauty out of the ashes," said Avant.
A community effort
In the early 1920s, when Loveland's population was about 7,000, the Loveland Civic Association, a predecessor of the Chamber of Commerce, began spearheading an effort to locate a National Guard Armory unit in downtown Loveland, according to the application for placement on the historic register. The unit would provide a community hub and boost the economy.Clarence J. Morley, who was Colorado governor at the time, approved the request for the armory in Loveland, and the civic association bought the land for $800 with $200 down and plans to finance the rest, though the American Legion and Ladies Auxiliary stepped in and helped pay off the remaining $600.
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Inta Juice Building Nearly Finished
Location in front of Mountain View High School could house 5 businesses, including 2more restaurants
BY CRAIG YOUNG
The new two-story building in front of Mountain View High School that will house an Inta Juice smoothie shop should be finished in about two weeks, its owner said Thursday. Then the juice bar with drive-thru lane will open for business between Thanksgiving and the end of the year, according to Rob Woodward. He and his wife, Paula Woodward, own the Inta Juice at 2997 N. Garfield Ave. in Loveland and the Inta Juice national franchise company with two partners. The Inta Juice shop will take up just 1,500 square feet of the 10,000-square-foot building that Woodward is constructing at 3625 Mountain Lion Drive. He said he is working on leasing out the rest of the building. “Nothing is signed today, but we are negotiating with two restaurants,” he said.
The building will hold five businesses, Woodward said, including Inta Juice, two other restaurants, a retail business and possibly a fitness center with which he is negotiating. Inta Juice sells primarily fruit smoothies and breakfast bowls, which are thicker blended concoctions that are eaten with a spoon, as well as fresh squeezed vegetable and wheatgrass drinks. Woodward said he bought the Inta Juice brand about seven years ago, which he and his wife and the owners of the Longmont and Greeley Inta Juice locations own.
Including franchise locations that he said he inherited, Inta Juice has eight locations not counting the new one, including shops in Wyoming, Arizona, Minnesota and Arkansas. He said the owners of the franchise company just completed the legal paperwork to allow them to start selling franchises again.
Woodward, who is part-owner of the shop in Cheyenne, said he is looking for two sites in Fort Collins and plans to open a location in Berthoud in the next year or two.
By Pat Ferrier, Coloradoan
New home construction in some parts of Northern Colorado leveled off in 2016 due in part to a lack of affordable and available building lots. But that doesn't mean there's a dearth of building activity on both sides of Interstate 25 as area communities struggle to keep up with housing demand.
In some communities like Windsor, developers hit the gas last year and show no sign of letting in 2017. The town issued 690 single-family building permits last year, more than doubling the permits issued by the town in 2015 and 2014 and exceeding the number of permits issued by much larger Fort Collins and Loveland.
"Windsor is geographically very well located for families to live there and work in Fort Collins, Greeley or Loveland, and it's a beautiful community," said Larry Kendall, co-founder of The Group Real Estate. "People are recognizing it not only as a second choice, but as a first choice.
Buildable lots are more plentiful in Windsor than in Fort Collins and the town has been able to produce a mix of mid-range and higher-priced homes, Kendall said.
While Windsor is going full speed, Fort Collins, Loveland, Timnath and Wellington's single-family permits held about steady or dipped slightly between 2015 and 2016.
Town planner Scott Ballstadt said Windsor saw subdivisions including The Village East, Winter Farm's third filing and Pelican Farms come online that "probably served a pent-up demand."
Village East, with 290 lots west of and adjacent to Weld County Road 21 and north of Highway 392, came online last year and sold out quickly, he said.
With prices ranging from the low-$300,000s to the mid-$400,000s — in line with regional median home prices — buyers who may have been put off by Windsor's average sales price of about $410,000 took a second look.
"Windsor is just killing it," said Greg Miedema, executive officer of Home Builders of Northern Colorado, or NoCo HBA. "It's not hot because of entry-level (buyers)," he said, but more expensive subdivisions such as Water Valley and Highland Meadows.
"I don't want to call it a bedroom community, but Windsor is where you want to live if you want to be in Fort Collins but not live there," said Miedema, whose office is in Windsor. "It's still easier to build in Windsor than Fort Collins."
Windsor's robust pipeline
While Fort Collins and Loveland suffer from a lack of ready lots, Windsor has 1,856 lots remaining in 31 subdivisions. Only 589 of those were permit-ready at the end of January, according to town reports, but the pipeline is robust.
"As current subdivisions start running out of lots we are just starting on The Ridge at Harmony Road and Raindance," Martin Lind's 2,800-unit subdivision based around agriculture, sustainability and golf, Ballstadt said.
Considered a successor to Water Valley, which is nearly built out, Raindance is at the corner of County Road 13 and Crossroads Boulevard, east of Interstate 25 in Windsor.
A lack of affordable and available lots is driving all new residential construction, said Eric Holsapple of LC Real Estate Group, which is developing homes in Loveland and Fort Collins. The company is building out its Spring Creek and Story Book projects in Fort Collins and 48 lots at Mariana Butte golf course in Loveland.
"It's really hot, but we're looking where the next place to go is and it's slim pickings," Holsapple said. "It's either hundreds of acres that take a lot of infrastructure" or lots that are slow to be brought to market. As inventory wanes, the cost of new lots, including water, continues to rise.
The next round of lots are selling for $100,000, up from about $60,000 to $75,000, fueled by soaring water costs.
LC Real Estate has found 36 acres east of Interstate 25 and south of Mulberry Street that it intends to buy from Fort Collins developer Les Kaplan, who abandoned plans to build Fox Grove. Holsapple said he anticipates building about 75 homes on the site, including some two-story projects. "With the cost of land, we have to go to a little bigger home," he said.
Published by Ron Throupe, Ph.D. University of Denver
Colorado Statewide Multi-Family Housing Vacancy and Rental Survey 4Q 2016
Owners of the Safeway plaza at the crossing of Mulberry Street and College Avenue are eyeing options to bring more apartments to downtown Fort Collins.
Eric Holsapple, a principal with LC Real Estate in Loveland, will meet with city staff Monday to review preliminary plans for a two-story addition to Mulberry Max liquor store and an attached six-story building along College Avenue.
The 120,000-square-foot Safeway center at the high-traffic site takes up a full city block and is home to a hair salon and tax preparer, along with the liquor and grocery stores.
Holsapple said he is looking at all options "to make the site the most it can be."
The property, zoned to accommodate up to nine stories, has 120 parking spaces below ground and surface parking. "The property is a little under-parked," Holsapple said. "We are trying to come up with something that will use the excess parking and increase the density for the highest and best use."
Holsapple's company — named Loveland Commercial LLC at the time — purchased the Safeway plaza two years ago from Illinois-based Green Courte Partners for $8.8 million. Calling it "arguably the nicest corner in Fort Collins," Holsapple said redevelopment could happen in the next couple years with city support, but there is no urgent time frame for the project.
Back in the 1980s, the city approved a plan to build eight stories above the Safeway, but the plan never materialized and could not happen now without razing the grocery store, something Holsapple doesn't want to do.
The building was not engineered to accommodate additional stories, he said. "Even though the approval was there, the engineering was not."
LC Real Estate has since invested in upgrades to the site and found new tenants including Mulberry Max Beer Wine Spirits, a liquor store owned by Chuck Carlson with partners Donald Marostica and Tracy Holsapple.
Marostica owns the plaza with Eric Holsapple, Tracy's husband.
The property is a block south of Uncommon, a six-story, 120 apartment and retail center being built at 310 College Ave., the former Perkins site. It sits across the street from the former Sports Authority which will be redeveloped in the short term as a grocery store, but could eventually accommodate a more dense use such as apartments, offices or retail.
The Safeway center is one of the few downtown properties that comes with an abundance of parking.
Safeway opened at the site in 1988.
