Group to build in Texas
Denver-based Mile High Capital Group has acquired 57 acres in Hays County, Texas, where it’s planning a single-family residential development.
The development, called the Village at Kyle, includes a park and pedestrian and bicycle trails.
The community is between Austin and San Marcos in one of Texas’ fastest-growing counties.
Mile High Capital develops and builds single-family attached homes around the country in areas it has identified as possible high-growth areas.
It usually sells its products to non-owner-occupied purchasers.
3 to build 700 homes at RidgeGate
Coventry Development Corp. has struck new deals with three homebuilders to construct nearly 700 homes at RidgeGate, its 3,500-acre mixed-use, master-planned community in Lone Tree. Toll Brothers, Century Communities and New Town Builders will construct a mix of condominiums, townhomes and apartments at the development, in the southeast quadrant of Interstate 25 and East Lincoln Avenue. Negotiations also are underway for the construction of a 40,000-square-foot medical office building on 2.18 acres at the development. HealthOne/SkyRidge Medical Center is about to close on another 15 acres to expand its SkyRidge Medical Center campus.
Read With Your Child program
Shea Homes is launching a literacy awareness program at 10:30 a.m. Tuesday at the Tattered Cover Book Store in Highlands Ranch. The program encourages parents of young children to read with their children for 15 minutes a day. The Read With Your Child 15 Minutes a Day program was developed to educate parents about the importance of reading.
Rates on 30-year mortgages rise for 2nd week
National rates on 30-year mortgages rose for a second straight week last week as financial markets reacted to the decision by the Federal Reserve to boost interest rates because of worries about inflation. Mortgage giant Freddie Mac reported Thursday that the average rate on 30-year, fixed-rate mortgages rose to 5.80 percent, up from 5.74 percent the week before. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The one-year Treasury bill average reported by the Federal Reserve Bank is 3.82 percent. The Cost of Funds Index for July from the Federal Home Loan Bank was 2.757 percent.
