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Originally Posted by wong21fr
Ehhhh. I'll take it over the office campus idea, but given what Brookfield is offering further up north in the for-sale category I'd pass on it. Weak-ass floor plans all-around.
But I fail to see how these are missing middle. It's Central Park prices for SFH that are likely in the ~2,200 sq ft range. Smaller homes, but not small homes.
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I going to assume that they'll be similar to the 'new construction' rental home concept brought to Denver by a Phoenix developer.
Want a house without a mortgage? Phoenix rental-home developer to invest $140M in metro Denver
Jan 29, 2019 By Kelcey McClung – Reporter, Denver Business Journal
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NexMetro Communities is investing more than $140 million in the Denver-metro area, with its first neighborhood in Commerce City and two more coming in Brighton and Thornton.
The Phoenix-based developer of rental homes is launching Avilla Buffalo Run in Commerce City on the Buffalo Run golf course. These 123 single-level rental homes will be located on 12.5 acres and will be coming to market in the first quarter. Monthly lease rates for one-bedroom homes will start in the $1,400s, and three-bedroom homes will start in the low $2,000s.
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Avilla Buffalo Run
Images courtesy of Avilla Buffalo Run
In order to find square footages I had to resort to a
Phoenix Business Journal Piece
Quote:
Phoenix-based NexMetro Communities LLC sold two of its Avilla Homes communities for $53 million, with another set to close soon.
These homes are a hybrid between an apartment unit and a single-family home. About the size of an apartment — ranging from 635 square feet to 1,250 square feet — the units are detached, separated by a bit of space on all sides, with a small backyard patio.
These transactions come as the developer is investing about $350 million in the Phoenix market and another $350 million in Denver and Dallas. The company has more than 3,500 units either completed, under construction or in development in Phoenix, Dallas and Denver.
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Given the land value at Central Park, I'd expect less open space between units than shown in that 1st photo above but would expect the home sizes to be similar.