Dos Rios developer asks Grand Junction for one‑year extension as market stalls
Developer May Riegler requested a one‑year extension on remaining Dos Rios land purchases, citing post‑pandemic borrowing and construction costs; city staff supported the extension and will bring a resolution to amend the purchase and sale agreement to the Nov. 19 council meeting.
The full story
May Riegler, the developer for the Dos Rios project, asked the Grand Junction City Council for another extension on the remaining land purchase deadline at the Nov. 3 workshop, citing higher borrowing costs and soft market conditions that have delayed vertical development.
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