Brookfield Residential of Colorado has acquired 9 acres in the gated community of Castle Pines Village on which it plans to build 43 high-end homes next year. Terms were not disclosed.
The effort represents Brookfield’s sixth active building site in Colorado, its first being the community of Midtown at Clear Creek in Denver in 2013. Brookfield has designated the lots into two categories: 29 for front-loaded, single-family homes and 14 for duplexes. The duplex units will average 2,200 square feet, according to current plans.
“As soon as we saw this nine acres in such an idyllic location, we knew it was the place we wanted to introduce our new product into the market,” said Rick Dengler, chief executive officer of Brookfield in Colorado. “We think Brookfield home buyers will be equally excited when the homes become reality.”
He said Brookfield will unveil two new duplex floor plans and four new single-family floor plans for the community, perhaps as early as next winter. Construction is tentatively scheduled to begin in March 2019.
Castle Pines is between I-25 and CanAm Highway (US 85/Santa Fe Drive), just west of the Castle Rock Factory Outlet Stores. Castle Pines Village describes itself as “a neighborhood where families can enjoy nature, first class amenities and feel comfortable and safe.” Castle Pines is “cradled among rock outcroppings, with panoramic views, offering a quiet forested retreat with easy access to south Denver.”
