With Partner/Commercial Brokerage Manager, Nathan Klein, able to assist a long time client with this investment sale, our team at LC Real Estate Group is sure to keep tabs on the future of the 4th Street Block in Loveland.
As 2020 came to a close, Downtown Loveland City Block at W. 4th St., N. Garfield Ave., W. 3rd St., and Railroad Ave. traded hands. As described by Ken Amundson in the featured BizWest article above, the new ownership company was formed by local brewery and real estate stakeholders. Trading for $3 Million, this purchase transferred ownership to much of the property included in this downtown block (not including 323 N. Railroad Ave.).
With no disruptions planned for the current businesses at the site, Loveland Aleworks, Bernhardt Vision, Rockywood Fabrics, KK9 Dog Training, Cosmic Dog, and Colorado Cardio Gym Equipment Outlet, and Vector Disease Control International, are all set to remain in place. With the new ownership company tied to Loveland Aleworks, there are plans to install extra bathrooms to support a beer garden concept behind the main brewhouse. With a "master plan" for the block in the works, Brewer Nick Callaway notes that the company, "wants to promote the festive nature of the downtown, and turn this block into a campus." (Nick Callaway, BizWest Media LLC)
With the landscape of Downtown Loveland continuing to shift and grow, we are exctied to track the progress of this block as it grows with it. For the full article written by Ken Amundson of BizWest Media, be sure to visit: BizWest Media, LLC| https://bizwest.com/2021/01/22/new-company-buys-downtown-loveland-block-for-3m/