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Development Real Estate

Exciting Times for the City of Moorhead

Roers and the City of Moorhead (the “City”) have recently announced their plan to enter into a predevelopment agreement with the option for the City to purchase real estate property with Roers. The partnership will lead to identifying redevelopment opportunities for the existing Moorhead City Hall, located at the 500 block of Center Avenue in Moorhead, and surrounding City-owned property.

The predevelopment agreement provides Roers Real Estate Services to take representation of City-owned property in order to explore potential partnerships, which may lead to a comprehensive redevelopment plan for the City owned property. Roers and the City have entered into a professional services agreement, therefore a public bid for the services was not required. Roers will not be compensated in any manner until a City approved plan is developed.

As part of the joint venture, Roers and the City will focus on a win-win situation for all parties including the Moorhead Center Mall property owners, Downtown Moorhead Inc., residents and business owners of Moorhead. Moorhead Center Mall is privately held, therefore these properties will maintain standard operating. Both the City and Roers recognize these businesses have been vital to keep the mall a destination for the community. Roers will partner with Moorhead Center Mall property owners to identify future opportunities as plans for the City progress. Downtown Moorhead Inc. and the City of Moorhead have begun to embark on a downtown planning effort, which is currently engaging citizens and business owners in creating a vision for Downtown Moorhead. Any project concept Roers would develop for City-owned property will be consistent with the vision of the Downtown Master Plan currently being drafted. “We anticipate this partnership with the City of Moorhead is just the beginning of major growth for the entire Moorhead community. With the excitement the Moorhead residents and business owners have around the plans for revitalization in the downtown sector, there are abundant opportunities for growth. Its an exciting time for the community,” commented Jim Roers, CEO of Roers.

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Real Estate

Spring Parade of Homes: Crestwood

Spring Parade of Homes features homes for families in different life stages

FARGO — This year’s Spring Parade of Homes focuses on the homebuyers’ stage of life — and how it affects their home’s size and design.

The Home Builders Association of Fargo-Moorhead’s Spring Parade of Homes features 93 newly constructed homes by 50 local builders, including options for those age 55 and older, first-time buyers, families looking to expand and those wanting to downsize.

Builder: Roers Construction

Value: $243,900

Size: 1,450 square feet, two bedrooms and two baths (For those who need a little extra space, there is a three bedroom, three bath (2,200 square feet) option with an elevator, valued at $322,900.)

Address: 2860 Calico Dr., Unit D, Fargo

Stand out details:
   – 9′ ceilings
– Heated 2-stall garages
– Large private patios and courtyards

“What makes these homes special is that they are truly one-level living, says Matt Nygard, Roers development research analyst and executive of residential sales. “You pull into your garage and you walk right into your condominium.”

During the fall of 2016, Roers – which primarily builds multifamily and commercial housing – decided to build reasonably-priced Crestwood Condominiums for buyers 50-and-older.

“We did some research and saw that there were a lot of people in the 50s and 60s looking for this,” Nygard says. “We decided to build these homes at the mid-$200,000 to lower $300,000 price points.”

Nygard says by building a spacious one-level condominium at this price point, many people could downsize their current home without going into debt to purchase a new home that would include some aging-in-place features, like the wide, wheelchair or walker accessible doorways and spacious bathrooms.

“All units have butler pantries which helps keep the kitchens less cluttered with coffee pots, mixers or toasters,” he says.

Nygard also points out the mobility and freedom each home allows its owners. Conveniently located between 45th Street and 42nd Street and just north of 32nd Avenue South, each unit includes snow removal and lawn care.

“Owners have peace in mind going on extended vacations knowing that the condo property is secure and taken care of,” Nygard says.

Read the full article here: http://www.inforum.com/lifestyle/home-and-garden/4431329-spring-parade-homes-features-homes-families-different-life-stages