Craddock bringing lofts to Old Colorado City
Longtime Westside developer Berry Craddock of Craddock Companies plans to create Old Colorado City's first
condominum-style living lofts. |
There will be four of them on the top (third) floor of the 107-year-old Waycott Building, which currently houses the Meadow Muffins restaurant and bar on the first floor at Colorado Avenue and 25th Street.
The structure suffered from the fire at the next door building in December 2002, but the conflagration barely affected the third floor, said Craddock, who bought the building last September for $1.35 million.
The lofts are being marketed by Janelle Watson of the Watson Group, who has also marketed the lofts in downtown Colorado Springs, he said. The space will be available by May
Craddock's partner in the venture is Leo Landhuis.
“I think definitely this could be a trend in Old Colorado City if ours is successful,” Craddock said. “A lot of people like the Westside. We've seen the successes of lofts in Denver. They brought a lot of life to the downtown. The same applies to Colorado Springs.”
The price range is $235,000 to $275,000. Space will be from 1,200 to 1,450 square feet, he said, he said
The building's second floor, which had some fire damage, will be remodeled as office loft rentals. An entrepreneur could live on the third floor and have a connection between floors to his/her office loft, Craddock suggested.
Fire-related fix-ups on the second floor include replacing the plaster as well as windows that were blown out by the fire. The second-floor space will have exposed brick walls, high ceilings and wood floors that will be refinished, he said.
The office space will rent for about $10 a square foot, he said.
Previous tenants on the second or third floor have been or will be moving out, he said.
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