Lone Tree-primarily based totally Coventry Development Corp., the grasp developer of The RidgeGate network in Lone Tree — a 400-acre city district on RidgeGate’s east aspect to be constructed out over the subsequent numerous decades — has decided on Shea Homes as its grasp expert homebuilder for the Southwest Residential Village — the primary of 3 residential villages to be constructed east of I-25 encompassing the preliminary 1,800 houses.
“We are thrilled to announce this partnership with Shea Homes, that’s a great Master homebuilderto supervise our first residential village as they provide a numerous blend of domestic merchandise and feature considerable revel in growing and constructing houses withinside the vicinity,” stated Keith Simon, government vice chairman and director of improvement for Coventry Development Corporation. “This comes at a really perfect time for RidgeGate because the West aspect is sort of all constructed out, and we’re persevering with to look robust call for residential houses withinside the network way to the connectivity, facilities and the latest commencing of RTD’s Southeast Light Rail Extension.”
The residential villages will assist in kick-off RidgeGate’s jap growth. RidgeGate currently introduced the growth to the east aspect of I-25, marked with the aid of using the outlet of 3 new mild rail stations – the RTD Southeast Rail Extension (SERE), created from the Sky Ridge Station, Lone Tree City Center Station, and the RidgeGate Station in May. Additionally, the improvement of Lone Tree’s first “town center” will function as the hub of a hobby for the vicinity whole with 32 town blocks of city improvement, which include office, hotel, residential, retail, eating and leisure in addition to numerous huge and crucial public spaces.
“This is an interesting time for the City of Lone Tree, and Shea Homes are pleased to play a function in bringing the town’s grasp plan to lifestyles at the east aspect of I-25,” stated Chetter Latcham, president of Shea Homes Colorado. “We’re particularly searching ahead to partnering with RidgeGate in growing residential villages on this vicinity due to its specific Lone Tree City Center plans, walkable streets, schools, parks, open area, and public occasion spaces. We see this as a possibility to apply our competencies as a developer and homebuilder to contribute to a brand new and considerate form of a network – one which attracts at the pleasant of city studies and facilities withinside the vicinity and combines them with the conveniences of suburban living.”
Two extra industrial districts, the Lincoln Avenue Commercial District, close to the brand new CU Denver South campus, and the mixed-use RidgeGate Village Center alongside RidgeGate Parkway, will provide destiny civic facilities, retail, and eating places and guide a walkable village environment.
Ultimately, the east aspect will encompass as much as 12 million rectangular ft of office, retail, hospital/clinical area, as much as 10,000 houses, and extra than six hundred acres of parks, trails, and herbal habitat. Up to 40,000 new jobs could be created because the Lone Tree City Center involves lifestyles. RidgeGate has additionally devoted to the inclusion of 350 devices of less costly housing in RidgeGate’s east aspect, and the donation of over a hundred forty-five acres of land for brand spanking new civic centers and public schools.
“We are excited that Shea Homes has been decided on because of the developer for RidgeGate’s Southwest Residential Village. Shea Homes has robust, long-status popularity of constructing excessive high-satisfactory houses and being a wonderful partner,” stated Lone Tree Mayor Jackie Millet. “We stay up for seeing how the east aspect develops and besides enhances the numerous outstanding facilities we provide in Lone Tree.”