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.