New community for Westminster
Urban Pacific Builders will start construction this year on the first phase of a master-planned development in Westminster. Long Beach, Calif.-based Urban Pacific plans to build a mix of townhomes, lofts and flats, plus 24,000 square feet of neigh borhood-serving retail space, on 15 acres adjacent to the Westminster Promenade retail and entertainment complex. The project is designed by Boulder-based Oz Architecture and will include a central village green, community room, pool and spa, fitness center and business center.
Affordable townhomes in Jeffco
A 60-unit affordable-townhome development recently opened in Jefferson County. Willow Green, 6985 N. Sheridan Blvd., is the latest project for the Rocky Mountain Housing Development Corporation Inc., a faith-based nonprofit community housing-development organization. The site has five multifamily buildings, with a total of 20 two-bedroom apartments and 40 three-bedroom townhomes. The entire development is reserved for working families with incomes ranging from $16,800 for a family of two to $48,660 for a family of four. Twelve units are reserved for formerly homeless families with annual incomes of $16,800, who will participate in a two-year transitional housing program.
Curtis Park offerings
Six contemporary residences in historic Curtis Park will be open from 1 to 5 p.m. today. Merchants Row homes, at 26th and Champa streets, feature 2 1/2-story structural glass bay windows designed with a pattern of frosted and clear glazing that mimics the proportions of the windows typical in the Curtis Park Historic District. Two of the six units have sold. The remaining units, ranging from 1,900 to 2,300 square feet, are priced from $599,000 to $645,000. The project is designed by InSitu Design and is being marketed by John Hayden of Kentwood City Properties.
Mortgage rates drop for first time in 5 weeks
Rates on 30-year mortgages, as well as for some other home loans, dropped last week, a dose of good news for prospective home buyers. Freddie Mac, a big player in the mortgage business, reported in its nationwide survey released Thursday that rates on 30-year, fixed-rate mortgages averaged 6.26 percent, the first drop in five weeks. That was down from 6.28 percent a week earlier. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Feb. 16 and the previous 52 weeks. The past week’s rates were not available by presstime. The one-year Treasury bill average reported by the Federal Reserve Bank is 4.7 percent. Cost of Funds Index for December from the Federal Home Loan Bank (11th District) was 3.296 percent.
