Colorado-Real-Estate-Journal_437197

Page 20 - January 1-14, 2025 www.crej.com Land by Avalon Jacka BRIGHTON – A Dallas-based homebuilder acquired 32 home- sites in the Cherry Meadows mas- ter planned community. Landsea Homes acquired the lots from Builder Capital for an undisclosed price. Cherry Mead- ows is located at East 168th Ave- nue and South 19th Avenue in northeast Brighton. “The addition of these new homesites in Cherry Meadows expands Landsea Homes’ pres- ence in Brighton, which has proven to be a very popular and high-demand city,” said Lisa Wie- belhaus, Landsea Homes Colo- rado division president. “We look forward to providing additional opportunities for homebuyers to own one of our industry-leading High Performance Homes in this thriving Denver suburb.” Landsea Homes will develop 32 single-family homes with eight different floor plans ranging from 1,473 to 2,937 square feet. Con- struction is expected to begin in January, with homes anticipated to begin selling in spring 2025. All of Landsea Homes’ residenc- es in Cherry Meadows will feature the company’s High Performance Home features, including energy savings and smart home automa- tion technology supported by the Apple Home environment. The automation features include an Apple HomePod mini, wireless network internet throughout the home, entry door locks, thermo- stat control, garage door opener control, light dimmer switches, doorbell camera pre-wire, and smart home activation by Best Buy’s Geek Squad. Cherry Meadows is a five-min- ute drive to downtown Brigh- ton, Main Street and the Armory Performing Arts Center, and a 15-minute walk to Brighton Rec- reation Center and Park. The city offers views of the mountains and access to trails and outdoor activi- ties. Brighton is 20 miles north of Denver, with access to amenities of larger cities like Boulder as well as Denver International Airport. Landsea Homes is active in the Colorado market, currently sell- ing homes at Parkway at Prairie Center Village in Brighton, John- stown Village in Johnstown and Highlands Preserve in Mead, and building an interest list for Spring Valley in Longmont. Other News n KIOWA – A land parcel in Elbert County traded hands for $700,000 in December. Genesis RV & Boat Storage acquired Lots 3 and 4 within the Prairie View Industrial Park, which combined for a 14.67-acre parcel at 8630 Alan Ridge Road, from Big Pine Real Estate Invest- ments. The buyer will offer recre- ational vehicle and boat storage on the property. Trevey Commercial Real Estate facilitated the transaction, with Nick Beach and Mitch Trevey representing the seller and Heath Honbarrier representing the buyer in the transaction. Ameri- can Land Title Association also helped execute the closing. Burnco, Drill Tech Drilling & Shoring and another undisclosed buyer have also purchased par- cels within the park. There is one remaining lot available. s Landsea Homes purchases 32 lots in Cherry Meadows Landsea Homes will develop 32 single-family homes on the lots it recently acquired in the Cherry Meadows master planned community at East 168th Avenue and South 19th Avenue. Genesis RV & Boat storage acquired Lots 3 and 4 within the Prairie View Industrial Park, totaling 14.67 acres at 8630 Alan Ridge Road. one-bedroom and 70 two-bed- room units, according to previ- ous reporting. Each unit includes a washer and dryer, wood-style flooring, walk-in closets and energy-efficient appliances. The Meadowmark includes two outdoor courtyards, an out- door seating and grill area, a fur- nished community club room and kitchen, a fitness center, a craft and event room, a yoga deck, and an outdoor movie area. The community also fea- tures 14 electric vehicle charging stations – an uncommon feature in affordable housing communi- ties for seniors – and plans for a shuttle transportation service for rides to and from common destinations. Mission Rock Res- idential is the property manager of the community. The property is positioned on the north end of The Meadows, near the U.S. Highway 85-North Meadows Drive intersection, allowing for connectivity to the greater Castle Rock-Castle Pines area. Financing partners for the project include UMB Bank, BOK Financial, Raymond James Financial Inc., Berkadia, Fred- die Mac, Colorado Housing and Finance Authority, and the Colorado Department of Local Affairs and Division of Hous- ing. The project was UDG’s first development foray in the Colo- rado market, according to previ- ous reporting. “Colorado is a state that’s felt incredible and acute hous- ing crises from an affordable, attainable housing perspective,” Larr said at the Meadowmark groundbreaking. “If you think about the metro region, you think about towns that have seen incredible growth in the housing crisis and affordability challenges. Douglas County and Castle Rock are probably at the top ... To be able to build a high- quality community for [area] residents was a great opportu- nity.” The Colorado-based firm owns other multifamily and senior communities in five states, with more than 2,300 units under ownership, includ- ing 800 units under construc- tion, and an acquisition pipeline of more than 1,900 units, accord- ing to the firm’s website. s Meadowmark Continued from Page 18 den tubs, beverage coolers, and private patios or balconies. Community amenities within The Bromley at Brighton Cross- ing include a resort-style pool, cabanas and outdoor grills, a 24-hour health club facility with a yoga/spin room, a bike storage and repair station, an electronic package locker sys- tem, a luxury clubhouse with coworking space and a confer- ence room, a dog park with a pet washing area, and elec- tric vehicle charging stations. RPM Living manages the prop- erty, according to Apartment Insights. Brighton Crossings offers several neighborhood ameni- ties, including parks and trails, a King Soopers Marketplace and additional retail, a fitness center, a dog park, a recre- ational center and water park, and multiple schools within a 10-minute drive, according to a map of the community. Inter- state 76 is a short drive away and is accessible from both East Bridge Street and South 50th Avenue. Founded in 1945, Cantor Fitzgerald is a global finan- cial institution with a focus on investment banking, equities, fixed income, equity research, prime services and asset man- agement, according to its web- site. The firm has 21 offices in the U.S., as well as multiple offices in Europe, Asia and the Middle East s Bromley Continued from Page 13 geotechnical engineer, and Kim- ley-Horn serving as landscape architect and civil engineer. “At Araceli, sleek spaces meet breathtaking mountain views,” said Lane Cutter, Legacy Part- ners senior managing director. “We’re proud to introduce these high-rise apartments in the Denver Tech Center that offer future residents large, state-of- the art homes, excellent access to major employers, and the lat- est in modern amenities.” Founded in 1968, Legacy Partners is a privately held real estate firm headquartered in San Francisco. The compa- ny has developed or acquired more than 80,000 apartment homes costing more than $8.5 billion since its inception. Lega- cy Partners has regional offices in California, Colorado, Florida, Georgia, Texas and Washing- ton, and has developed projects in Arizona, California, Colora- do, Florida, Nevada, Oregon, Texas and Washington. s Araceli Continued from Page 13 lounge with 360-degree views of Denver. Rockefeller Group developed the property in part- nership with Summit Capital. n PARKER – The landlord of a prime inline retail building signed two new tenants. Landlord Blair Family Prop- erties VI LLC was represented by Trevey Commercial Real Estate’s David Marulli and Tommy Daher in the two transactions for spaces within Parker Plaza, located at 10401- 10465 S. Parker Road. Both leases commenced in Decem- ber. The property is highly vis- ible along South Parker Road in northern Parker. Tax preparation service Jack- son Hewitt signed a long-term lease for 1,066 sf in Unit 10445. Audrey Wilson and Tim Stew- art of Colliers International represented the tenant. Farm Fresh Inc. signed a long-term lease for 800 sf in Unit 10437. The company provides washing services for locally sourced farm-fresh eggs to local restaurants. The tenant did not have a broker in the transaction. s Flora Continued from Page 16