The Neenan Co. will break ground later this month on The Plaza at Riverbend, a mixed-use retail center in Timnath.
The 39K SF project will have two free-standing single-story buildings with retail, office and restaurant space. The larger building will have 23K SF of commercial space with Studio 68 Fitness expected to open by the end of the year in 9,307 SF it is buying from Neenan. The second building, being developed entirely on a speculative basis, will have 16K SF of commercial space.
Neenan will sell the retail and office condos to each end user upon completion of the project.
“The Plaza at Riverbend is a prime example of how The Neenan Co. partners with its clients throughout the complexities of a project,” Neenan's director of real estate, Randy Myers, said. “By keeping our development, design and construction expertise and resources in-house, we help facilitate clients’ goals in an efficient and cost-effective manner.”
Southeast of Fort Collins, Timnath is a predominantly residential town that is experiencing a housing boom. The project marks Timnath’s first neighborhood commercial development. All existing commercial development is home to national brands, including Costco and Walmart.
“The town is excited about the Neenan project and is looking forward to a mutually successful relationship,” Timnath Mayor Pro Tem Bryan Voronin said.
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