As housing inventory levels continue to drop in Denver, a 5,144-acre master-planned community has just been proposed in unincorporated Arapahoe County, bordering the eastern edge of Aurora south of I-70.
The community, currently named "Prosper", is expected to eventually include nearly 9,000 residences and 8 million square feet of commercial space.
Currently there are no plans to incorporate Prosper, so it would not legally be a town. Instead, it would remain an "unincorporated mixed-use community" located completely within the boundaries of Arapahoe County.
Plans for Prosper go before the Arapahoe County Planning Commission later this month, but more meetings may be needed before a decision is made on whether or not to go forward with the development. The area is currently vacant and farm land, and Prosper Farm intends to leave 750 acres around its perimeter as farmland and prairie reserve.
Prosper would be funded through a combination of private equity provided by Prosper Farms and with bonds issued by a collection of eight metro districts that would be established for a variety of purposes.
Plans for Prosper go before the Arapahoe County Planning Commission on Dec. 16, but the commission may want to hold more meetings before making a determination. If another meeting is requested, it will be held Jan. 6. If the planning commission is given a favorable recommendation by the planning commission the Arapahoe County Board of County Commissioners must still approve the project for it to go forward.
Author:Ken Blevins Phone: 720-255-7242 Dated: December 21st 2014 Views: 554 About Ken: Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and...
View our latest blog posts in your RSS reader. Click here to access.
Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.
According to recent reports from wallethub.com, a handful of Colorado
"We have used Andy as our real estate agent on a few purchases (both home and investment properties). When working with Andy we feel at ease because he listens to our needs and finds exactly what we are looking for. He is friendly and gets the job done for us, stress free!"