Getting your player ready...
In a Denver area market that’s much better than last year’s, there’s no more striking model of what’s happening now than you can see this weekend at RidgeGate, the master plan that wraps the south edge of Lone Tree near Sky Ridge Medical Center: Single-family homes, multifamily, apartments, rental townhomes, retail and commercial projects — all of them doing not only well, but exceptionally so.
“It’s the environment they’re creating,” says Heather Stones with Regency Residential Partners, readying its first 21 rental townhomes at RidgeGate (from 1,165 square feet plus a 2-car garage at $1,860/month) — already half leased a month from opening. “They’re bringing retail, public transit, parks, trails, a rec center, and the arts. It’s really a sustainable area with an urban style, but a natural feel. People don’t need a car, they want to bike, walk, utilize their computers.” South of the med center, where the Denver basin comes to its edge in promontories that top out exactly a thousand feet above downtown, Century Communities is carving the infrastructure for ‘Montecito’ — Mediterranean-styled luxury single-family homes including three ranches, for 142 sites on open space. Century’s previous projects, Belvedere and Lincoln Park, sold out after 26 sales since the first of the year. “If we’d had another hundred sites, we’d have sold another hundred homes,” said Ken Rabel, Century Vice President for Operations, checking Montecito’s models nearing completion. That fails to count runaway sales of ParkSide at RidgeGate, one of Colorado’s first all-solar neighborhoods, by Berkeley Homes and Harvard Communities – well past halfway mark through their 31 RidgeGate sites two months after their stunning model opened. Nearby, Fein Real Estate Development roared through leasing 243 luxury apartments, and like Regency is headed for more units opening this fall and next year, matching RidgeGate’s accessibility to premium finishes. In the background are Light Rail’s trains to Lone Tree (scheduled for three more stations within RidgeGate 3,500-acre expanse); 500-seat Lone Tree Arts Center; Lincoln Commons shopping center with Sprouts Farmers Market; a rec center wrapped in parks; a 3.1-mile trail into 1,200 acres of open space that opened this week; and a showplace Cabela’s outfitter and a Hampton Inn arriving. Also – a personal favorite of Development Manager Darryl M. Jones of Coventry Development – the transformation of RidgeGate’s historic Schweiger Ranch into a park and education center (open today, 11-2). RidgeGate is west of I-25, either on Lincoln Avenue or new RidgeGate Parkway. If you go… WHERE: RidgeGate, master-planned community in Lone Tree designed around Light Rail, parks, trails, Sky Ridge Medical Center, Lone Tree Arts Center, Lone Tree Rec Center, shopping, single-family homes & premium apartments & rental townhomes. Just west of I-25 at Lincoln Avenue or new Ridgegate Pkwy exit PRICE: Premium apartments from $995/mo; single family homes from $439,900
