New housing in Littleton
The Littleton Planning Commission has approved a 34-unit residential project in the city’s historic downtown.
Nashville, Tenn.-based M2H Group plans to start presales this month for Littleton Crossing, which features one- and two-bedroom units ranging from $200,000 to more than $400,000. Located at South Prince Street and West Berry Avenue, the site is a short walk to the light-rail line and the core of Littleton’s downtown.
Golf resort ready to tee off
Dallas-based Hunt Realty Corp. will break ground in May on its Golf Foursome Cabins at Cornerstone Colorado, a 6,000-acre residential and resort community near Montrose.
The cabins are reinventing the multiple family vacation experience by offering four master bedrooms so everyone can enjoy a luxury suite. The development also is offering its first lots within the Resort Village area, a collection of homestead clusters of less than an acre. Amenities at Cornerstone include a Greg Norman-designed golf course, lodge, stables and concierge service.
Basalt loft condos underway
St. Louis-based contractor Clayco has started construction of its first project in the Roaring Fork Valley.
Developed by Willits Town Center Partners, the $18 million Market Street Lofts at Willits Town Center in Basalt will include 42 loft condominiums ranging in size from 1,000 to 2,000 square feet. Prices for the units range from $307,000 to $1.2 million.
The project also includes 40,000 square feet of ground-floor retail space, underground parking and storage areas.
Sperry Van Ness Vail-bound
One of the country’s largest commercial real estate brokerages is expanding into the Vail Valley. Elizabeth Sink is relocating from Dallas to open the office for Sperry Van Ness, which has 800 advisers in 36 states. Before joining Sperry Van Ness, Sink was owner and senior broker of Valley Properties & Associates Inc., formerly Sink & Co., in Colorado, Texas and Vermont.
Staff writer Margaret Jackson can be reached at 303-954-1473 or mjackson@denverpost.com.
30-year mortgage rates stay steady
Rates on 30-year mortgages were unchanged last week, staying near the lowest levels for the year. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.16 percent, the same as the week before. That rate compared to the low for the year of 6.14 percent, set during the first two weeks of March. 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 4.93 percent. The Cost of Funds Index for February from the Federal Home Loan Bank (11th District) was 4.376 percent.
