12-unit, 3-story Dairy Apartments, targeted at working professionals, coming to Granby next spring
A new apartment building development is in the works in the midst of downtown Granby with developers planning demolition work this fall.
On the southeast corner of Jasper Avenue and First Street in Granby rests an old, single-story white building that served as the local distribution hub for Meadow Gold Dairy for many years. In recent years, Meadow Gold relocated their operations outside of Granby and since that time the property has sat vacant. Earlier this summer, though, Steve Reeder and his company, Dakota Land, LLC, purchased the property with plans to develop a multi-story apartment building on the land.
Reeder, whose development and investment business is based in southern California, purchased the land earlier this summer after a lengthy scouting process. Reeder said he has become deeply frustrated with the “exorbitant prices” and “next to impossible” permitting regime of the west coast and began looking for other locations outside of California to invest in development properties.
“I was on a long trip through Colorado last summer and I kept hearing a recurring theme: a lack of decent housing in the resort areas,” Reeder said. “I went back home, regrouped and set up appointments. I drove through San Juan County, Telluride, Summit County, Eagle, Dillon, Frisco, Steamboat. I was really attracted to Grand County and the whole Fraser and Granby area.”
After speaking with Granby Town Manager Aaron Blair and Granby Mayor Paul Chavoustie, Reeder decided to put his investment funds into the development of a three-story apartment building in Granby. Blair said Reeder would likely receive his demolition permit in September. Reeder said he expects to demolish the old dairy distribution facility this fall.
New construction work is expected to begin next spring once weather allows. Reeder hopes to have foundations poured by next April. The building itself is being pre-fabricated by Heritage Homes of Nebraska. After the foundations are poured the pre-fabricated units will be delivered to the site and place in their respective locations by a crane.
“We will have the whole building set in less than two days,” Reeder said. “Then there will be several days of stitching it together. They have to attach all the plumbing and electrical.”
Reeder said the apartment building will bear the name “Dairy Apartments” in homage to the dairy business that operated on the land for many years. Reeder said he was still finalizing costs related to the project and did not yet have a specific price range at which the units would be leased. According to Reeder the units are meant to attract working professionals as tenants, as opposed to families with children or seasonal workers.
The building will include 12 one-bedroom units, according to Reeder. Each unit will come with dedicated parking and a separate onsite storage locker measuring four foot by five foot. Each unit will be 815 square feet and will feature what Reeder called “higher end finishes” such as faux wood plank flooring and Cambria Quartz countertops. All units at the building will be accessed via the ground floor or one of two exterior walk-up stairs.
“I think that Granby is on the verge of a revival of new construction,” Reeder said. “I see the vision that Aaron (Blair) and Paul (Chavoustie) have for the town and I have bought into that.”
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