Downtown redevelopment project in Loveland gains momentum

A public-private project that has been on the drawing board for about six years to redevelop two and one-half blocks in downtown Loveland, is beginning to gain momentum.

Fort Collins-based Brinkman Partners is partnering with the city of Loveland on The Foundry project, formerly called South Catalyst, that will include apartments, retail space, a MetroLux theater, community plaza with a large screen, multistory parking garage and possibly a hotel. The project cost is estimated at $76 million.

The property is from East First Street to an alley between East Third and Fourth streets and is bordered to the east and west by North Cleveland and North Lincoln avenues.

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