Property Location: Northeast corner of Hallett St. & Colorado Highway 72, also fronts south side of West 94Th Ave., Arvada
Property Description: Vacant residential land, 117 attached homes with 81 detached garages
Land Size: 10.52 acres
Sales Price: $2.29M, or $5 psf, or $19,604 per unit
Reception No.: 2018017978
Closing Date: 2/27
Grantor: Arvada Residential Partners LLC, Creig Veldhuizen, mgr., 65 Mercada St., Suite 250, Durango 81301
Grantee: Century Townhomes at Candelas, Mike Cooper, 303-268-8375
Comments: The buyer plans to develop 117 attached two-story homes (12.5 dwelling units/acre) consisting of buildings ranging from 3-8 homes per building. The two-car garage per home will have a rear-load off alley with 105 guest parking in the community. Approximately 35-40% of the site will be dedicated to landscaping and open space. This has been in the making since early 2016. The site is located directly west of the Jeffco school site. The original plans called for 104 units with 50% dedicated to landscaping and open space. According to the neighborhood meeting, on 6-15-2016, the net usable land is 9.3 acres. The contact for the city of Arvada is Carol Ibanez, 720-898-7463.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.