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Lowry picks builders

Highlights:

  • LRA picks first builders for Boulevard One.
  • Boulevard One is last neighborhood at Lowry.
  • Price ranges expected to start in the $400,000s.

 

A conceptual drawing of the "Eco College" by Berkeley Homes/Harvard Communities that could be built in Lowry's last phase.

A conceptual drawing of the “Eco College” by Berkeley Homes/Harvard Communities that could be built in Lowry’s last phase.

The Lowry Redevelopment Authority  has selected the first single family homebuilders for Boulevard One, the final neighborhood to be built in the former military based.

Boulevard One is a 70-acre, sustainable mixed-use district at First Avenue and Monaco Parkway in Denver.

Berkeley Homes/Harvard Communities, Infinity Homes, New Town Builders and Wonderland Homes will build 75 single family homes south of First Avenue between Monaco Parkway and Oneida Court starting in late summer. Homes will meet stringent architectural and sustainability design guidelines.

“These builders are all industry leaders with award-winning home designs,” said Monty Force, executive director of the LRA. “They’ll kick off what promises to be a vibrant and stylish new city neighborhood.”

$500,000 spread in prices

Homebuilders will finalize their home designs, floor plans and pricing over the next several months.

Homes are expected to range from 1,400 to 3,200 square feet with prices ranging from the $400,000s to $900,000s.

Site improvements are already underway, with the first lots scheduled to close with builders in July.

Home construction will begin shortly thereafter. Interested buyers should contact homebuilders directly. Information is posted at www.boulevardonelowry.com.

Last Lowry neighborhood

Boulevard One is the last neighborhood offered by the Lowry Redevelopment Authority, a quasi-governmental entity created to redevelop the former Lowry Air Force Base.

The site was previously occupied by Department of Defense accounting and personnel offices employing up to 3,000 people.

A conceptual drawing by Wonderland Homes.

A conceptual drawing by Wonderland Homes.

Plans for Boulevard One include approximately 120 single family homes, 230 row homes, 450 apartments, up to 200,000 square feet of commercial office and neighborhood retail services and 14 acres of parks and open space.

A conceptual drawing of a modern home that could be built in Lowry by Berkeley Homes/Harvard Communities.

Less than three miles east of Cherry Creek North, Boulevard One will offer some cosmopolitan flare in a classic urban setting, according to Force. The neighborhood is being designed to meet LEED for Neighborhood Development standards.

“The residential mix and commercial offerings will appeal to professionals with and without children as well as empty nesters,” he said.

Bicycle paths and multiple transit routes will provide easy access to employment and entertainment destinations.

20 Years in the Making

This year marks the 20th anniversary of the closure of Lowry Air Force Base, which closed on September 1994.

Lowry has since been transformed into an 1,866-acre urban, mixed use community in Denver. It has been described as the best example of a redevelopment of a military base in the U.S. and has served as a model for other base closures.

By 2005, Lowry had created a $ 5.7 billion economic impact to Denver and Aurora. More than 25,000 people currently live, work and go to school at Lowry. More than 100 private and nonprofit organizations employ more than 7,000 people at Lowry.

Interested in buying a home in Lowry? Please visit COhomefinder.com.

Have a story idea or real estate tip? Contact John Rebchook at  JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.