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As of May of 2020, Phase 1 has full certificates of occupancy, and Phase 2 is right on its heels, with some having already received them. A delay in the install of the sewer lift station caused a backlog of completions here, but that obstacle has been cleared up and once the city finishes inspections, they'll be issuing certificates immediately after. Certificates of occupancy on all units are expected to be received by mid-July, with landscaping staff well underway by then as well!
We're thrilled with the progress at Colony Farms in Magna, UT! As of May 2020, Phase 1 has received a certificate of occupancy, and all units are leased. Phase 2 is right on Phase 1's heels, with most units completed and leased. Phase 3 should complete in early summer, with the remaining phases coming in late summer into fall sometime (too early to project. Get with your FIG agent for clarification).
Landscaping has been delayed due to a shortage of sod (farms shut down during the Covid-19 lockdown). However, more sod is now on order and we expect a lot of progress as we get into July. Monument signs are now installed as well!
If you have specific questions about your units, please reach out to your agent on the FIG team by visiting fig.us/consult
Each year, the Fourplex Investment Group releases new multifamily projects in a variety of markets. Joining FIG's investor waitlist is the easiest way to grow your portfolio before reservations fill up...
Each year, the Fourplex Investment Group releases new multifamily projects in a variety of markets. FIG's waitlist is the easiest way to grow your portfolio before reservations fill up.