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NY plans $65 million Watford City development

Lydia Gilbertson | Shale Plays Media

Watford City has seen enormous growth from the recent North Dakota oil boom. The formerly tiny North Dakota town has more than doubled in population. A New York-based company, Coltown Properties, has announced that they will be developing the city with projects worth an estimated $65 million.

Coltown is planning to build two new buildings costing between $20 and $25 million that will house both retail and office spaces said to be completed by early 2016.

The Associated Press reports:

Coltown Properties principal Israel Weinberger says his company is planning two projects on Watford City’s Main Street. The Madison Heights development will consist of seven apartment buildings and cost between $45 million and $50 million. The first three buildings will be ready for occupants this fall.

Read more: Company plans ND oil patch developments worth $65M

Related: Bakken Village development opens in Watford City

4 comments

  1. $65m up there should get them a trailer park and a subway.

  2. A New York company? Oh the irony…

  3. Yeah…….great more “apartments”. What you guys mean is money rape centers.

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