TRI Pointe Homes has announced plans for construction on 451 home sites in five for-sale communities across the Denver metro.
The land additions consist of 333 home-site acquisitions and control of 118 mores.
“These home-site acquisitions in the Denver metro are not only well-positioned to take advantage of a top-5 national market with regard to population growth, they also fit within TRI Pointe Homes’ strategic pivot to providing quality homes at attainable price points,” said Darren DuPree, president of TRI Pointe Homes Colorado. “Though our market median sales price is increasing, the division is primed to cater to the pent-up demand for more attainable housing while still providing a premium brand.”
TRI Pointe Homes acquired 50 home sites within Reunion, a master-planned community located in Commerce City. The new neighborhood offering of alley-loaded homes will range from 1,800 to more than 2,600 square feet with five customizable floor plans and optional fenced side yards. The Reunion master plan includes a 21,000-square-foot rec center with a large pool/splash park, coffee house, large central park and 10 neighborhood parks, a fitness center and gymnasium. Priced from the high-$300,000s and targeting first-time and first-time move-up buyers, pre-sales of the homes at Reunion are slated to begin in summer 2020.
In another transaction, TRI Pointe Homes acquired 71 home sites within Adonea, a master-planned community located in Aurora. The master plan features a clubhouse, community center, pool, large event lawn, neighborhood parks, trails, playgrounds and sport courts. TRI Pointe Homes’ offering is in a new neighborhood of homes ranging from 2,059 to 2,556 square feet with four customizable floor plans. Some home sites will allow for three-car garages. Targeting first-time and first-time move-up buyers, homes will be priced from the high-$300,000s with pre-sales slated to begin in summer 2020.
In Castle Rock, TRI Pointe Homes has acquired 74 home sites which will be the company’s first duplex community in the Terrain master-planned community. Sunstone Village at Terrain will offer 35-foot front-loaded residences ranging from 1,400 to 1,800 square feet with four customizable floor plans, two to three bedrooms, 2.5 bathrooms, a rear yard and an integrated covered outdoor living space. Sunstone Village residents will have access to a clubhouse, pools, community centers, neighborhood and dog parks, picnic areas, playgrounds, trails, and 500+ acres of parks and open space. Priced from the mid-$300,000s and targeting first-time buyers, pre-sales of Sunstone Village at Terrain are slated to begin in fall 2020.
The fourth land acquisition for TRI Pointe Homes involved 46 townhome sites in the Sterling Ranch master-planned community in Douglas County, south of Denver. The Ascent Village Townhomes will consist of 25-foot alley-loaded units ranging from 1,443 to 1,866 square feet with four customizable floor plans. In addition to a multifaceted neighborhood recreation center with a large pool, residents will have access to parks, playgrounds, trails, and a fishing pond and reservoir as well as educational gardens designed with the help of Denver Botanical Gardens. Priced from the low-$400,000s and targeting first-time buyers, pre-sales of the Ascent Village Townhomes are slated to begin in winter 2020.
TRI Pointe Homes’ fifth acquisition includes 92 townhome sites in the Candelas master-planned community near the Rocky Flats Wildlife Refuge in Arvada. The Candelas Townhomes will offer 25-foot alley-loaded residences ranging from 1,300 to 1,600 square feet with three customizable floor plans, two to three bedrooms, 2.5 bathrooms and a two-car garage. Candelas residents will enjoy a long list of amenities from community centers with fitness rooms, pools, playgrounds, playing fields and parks to a community garden and 190 acres of open space. Priced from the high-$300,000s and targeting first-time buyers, pre-sales of the Candelas Townhomes are slated to begin in early 2022.
“All five of these acquisitions over the last three months pave the way for the arrival of TRI Pointe Homes Colorado neighborhoods within outstanding master-planned communities in metro Denver,” DuPree said. “We are very excited about providing customers with what they want – new quality residences priced within their reach with easy access to amenities, major employment centers and highly-rated schools.”
