1,800 homes planned for Inspiration
February 2, 2015
From Denver Business Journal, http://www.bizjournals.com/denver/blog/real_deals/2015/02/1-800-homes-planned-for-douglas-county-inspiration.html?ana=e_du_pap&s=article_du&ed=2015-02-03&u=yxyE3P7jTIuGleZONtIpB54g+T+&t=1423154250
By Molly Armbrister
An 1,800-home, partially age-restricted community called Inspiration Colorado will be built in northeast Douglas County, with Pennslyvania-based Toll Brothers and California-based Standard Pacific Homes announced as the first two builders.
Inspiration Colorado will be a master-planned community located near the Gartrell Road interchange of E-470. More builders will be announced throughout 2015, and a grand opening of the community is planned this fall.
Connecticut-based Wheelock Communities and Broomfield-based Oread Capital purchased the partially developed property, totaling 1,036 acres, last month.
Portions of the community will be age-restricted, with homes sold only to those age 55 and over. Toll Brothers will build these homes, in a neighborhood called Hilltop at Inspiration. The ranch-style homes will range in price from the mid-$300,000s to the $800,000s, and sales will commence in the fall.
"Colorado is becoming a top choice for those seeking new homes in age-restricted, resort-style communities, and Toll Brothers is please to continue to help meet this demand," said Mark Bailey, division president for Toll Brothers.
Standard Pacific Homes will build ranch-style homes in the development's Vistas neighborhood with prices starting in the mid-$300,000s.