The housing market doesn’t show any signs of cooling in the Mile High City as, to the dismay of many buyers, we set two records last month: record-high home prices and record low average days on
Giant MixUse Community Heading To Aurora
If you’ve been keeping up on the Denver real estate scene, you already know that the city is seemingly filling up. Inventory remains low and prices are on the rise.
However, it appears there may be a little relief heading to Aurora in the form of a 2,900-acre community of homes, parks, offices and shopping districts. The Aurora Highlands, as the development is being called, is still pending approval of local lawmakers.
A few highlights on the proposed Aurora Highlands:
Full, multi-use, master planned community that will eventually cover 5,000-acres between E-470 on the west side, Powhaton Road on the east and 26th Avenue to the south and 56th Avenue to the north
Developers are planning for about 23,000 homes, which will eventually be home to an estimated 60,000 residents
Affordable housing units among the multi-family and single family homes, tentatively prices from $200,000 to more than $1 million
Will include corporate campus, a medical campus, retail space, class-A office space and additional commercial space
Variety of parks and open space and the biking and hiking trails and green space
Don’t get ready to start house hunting in the Aurora Highlands just yet, though, as the project is still in its early stages. According to developers, they are still in conversations with Aurora and Adams County in order to finalize the plans for the development as well as public-private partnership financing plans.
Once a decision is made on those – developers think within the next one to two months – the proposed framework and master plan will be submitted to Aurora for approval.
Stay tuned for more news on this exciting development!
Andy Potarf is a native of Denver and a graduate of Colorado State University. He works with first time homebuyers needing help getting prequalified all the way up to and including seasoned invest....