300,000-SF Development Planned for Greeley

GREELEY, CO-This small, northern Colorado city will get a 300,000-sf shopping center on 33 acres under a plan by two development companies. Amterre Property Group LLC of Boulder, CO, and Donaldson & Co. of Fort Collins, CO, plan the development along 59th Avenue.

The project is adjacent to a 130-acre site acquired by Donaldson for a master planned community it is developing that includes multifamily and single-family housing and open space trails, now in development. “The shopping center, which will be developed and managed by Amterre, will house large and small retail stores, offices and restaurants,” says Michael Kranzdorf, president of Amterre.

“Free-standing sites at the center have been pre-sold to Eckerd Drugs andAdvantage Bank,” he adds. “The first phase of the center is expected to open in the fall of 2004.”