Livmark Communities broke ground Jul 28 on The Collins at Union Park a 457 unit luxury rental community in Fort Collins Colorado. The start lands amid a national multifamily development slowdown as construction financing tightened and rate cut expectations faded.
The timing math favors it. A project breaking ground in mid 2026 delivers into 2028 exactly when todays starts drought becomes tomorrows supply gap. Fewer competing lease ups means pricing power at stabilization.
Fort Collins is the kind of secondary Mountain West market that under builds every cycle. University anchored demand from Colorado State plus in migration gives absorption a floor gateway markets flooded with 2024 to 2025 supply currently lack.
Implications: Developers who can still finance a start are underwriting the 2028 delivery window not 2026 conditions. Under supplied secondary Mountain West metros are where that bet is cleanest.
Key Takeaways
- Break ground into the drought and you deliver into the gap if you can get the loan
- Secondary Mountain West under supply is the cleanest 2028 bet
Yahoo Finance Jul 28 2026 Livmark Communities Breaks Ground on The Collins Apartments at Union Park
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