Building a reputation
Builder magazine has named three Coloradans among the 50 most influential people in homebuilding.
Tom and Carolyn Hoyt, co-founders of Louisville- based McStain Neighborhoods, rank No. 34 on the list. The magazine recognized the company for its commitment to building environmentally responsible homes for more than 35 years.
Dave Miles, president of the Denver-based communications firm Milesbrand, ranks No. 50. Builder recognized Miles for sophisticated and targeted marketing.
While not from Colorado, Forest City Enterprises president and chief executive Charles Ratner, who ranks No. 29, has strong connections here. Forest City is well-known nationally for its redevelopment of the former Stapleton Airport and its current work at the Fitzsimons site.
Housing the troops
The Colorado Housing and Finance Authority is issuing $118.6 million in taxable bonds to help the U.S. Army build 400 homes for Fort Carson soldiers.
The single-family homes will be available to soldiers of all ranks. It’s the first time the CHFA has partnered with the military to provide financing for new housing.
More than 85 percent of Fort Carson’s soldiers earn 60 percent of the El Paso County-area median income of $63,550, so as housing costs have escalated in Colorado Springs, finding appropriate housing for soldiers and their families has been difficult.
Whoa, Nelly!
The price of fractional ownership of the Residences at the Little Nell has risen six times in the last year. Fractional ownership of a four-bedroom condo now goes for $3 million, up from $1.75 million a year ago.
Last April, 11 contracts worth $15 million were signed within three hours. Ownership guarantees a minimum of four planned vacation weeks each year – two prime winter and two prime summer. Owners also may reserve two vacation weeks on a first-come, first-served basis.
Staff writer Margaret Jackson can be reached at 303-954-1473 or mjackson@denverpost.com.
