Waterbury | Falcon | Colorado Springs
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WATERBURY | FALCON | COLORADO SPRINGS FASTEST GROWING MARKET IN COLORADO 322 ACRE MASTER PLANNED RESIDENTIAL COMMUNITY CLICK HERE TO VIEW VIDEO Entitled for up to 1,010 Residential Units Phase I Offering of 196 Lots on 62 Acres CIARA TRUJILLO DAVID SANTISTEVAN +1 858 677 5387 +1 858 677 5314 Lic. No. 01800279 Lic. No. 00913491 table I. EXECUTIVE SUMMARY AND PROPERTY DETAILS ...................................... 04 of contents II. AREA HIGHLIGHTS ...................................................................................... 05 III. ENTITLEMENT SUMMARY ........................................................................... 07 IV. PRODUCT MIX & INFRASTRUCTURE PLAN ................................................. 08 V. AERIALS, PLANS AND PHOTOS .................................................................. 10 VI. NEW HOME COMPARABLE PROJECT SUMMARY ........................................ 16 VII. MARKET OVERVIEW .................................................................................... 18 VIII. SCHOOLS .................................................................................................... 19 IX. DEMOGRAPHICS ......................................................................................... 20 X. OFFERING GUIDELINES ............................................................................... 21 | 2 | Waterbury | Colorado Springs MERIDIAN RANCH (not part of offering) FALCON REGIONAL PARK (not part of offering) (not part of offering) | 3 | Waterbury | Colorado Springs PROJECT OVERVIEW Executive Summary Property Details Waterbury is a fully-entitled, master planned, amenity based residential community located within the unincorporated Northeast of Stapleton Drive and Eastonville Road, Falcon area of El Paso County, Colorado. Convenient access PROPERTY LOCATION: El Paso County, Colorado (38.977159, -104.566692) is provided from State Highway 24 at Stapleton Drive, and the property is 19 miles from downtown Colorado Springs. Recorded Development Plan for 1,010 residential DESCRIPTION: lots. The Waterbury project is located in the Black Forest - Peyton submarket; which is one of the fastest growing communities 420-000-03-26 within Colorado Springs. Located just south of the Meridian 420-000-03-49 Ranch master plan, Waterbury will benefit from the newly APNS: 420-000-03-66 energized local new home market. In 2017, Meridian Ranch 420-000-03-67 had 105 sales and ranked #4 top subdivision in the Colorado 420-000-03-68 Springs new home market. Phase 1A - Construction ready for 67 lots, and Phase 1B and 1C will follow by the end of Summer At build out, the 322-acre community will consist of PROJECT STATUS: 1,010 homes. Each neighborhood has been designed to 2018. This will result in a total of 196 lots available accommodate a variety of lot sizes, which will enable for delivery in 2018. developers and builders to offer a multitude of home sizes ACREAGE: 322 acres and price points. All phases of the property are planned to be linked via an extensive system of trails, parks, open spaces ZONING: Residential and water features. Water: 4-Way Ranch Metropolitan District The site plan will allow developers and builders a high level Sewer: 4-Way Ranch Metropolitan District SERVICES: of flexibility with regards to phasing and unit types during Fire: Falcon Fire District build-out. This is an offering for sale of Phase 1, comprised Schools: Falcon School District 49 of 196 lots, which is immediately available for development. Phase 2 of 235 lots will be approved for development by early 2019. The property is a part of the 4 Way Ranch Metropolitan District, which will provide water and sewer services to the property. | 4 | Waterbury | Colorado Springs AREA HIGHLIGHTS Points of Interest EMPLOYMENT CENTERS •1 Peterson Air Force Base - 12 Miles •2 Downtown Colorado Springs - 19 Miles •3 Colorado Springs Airport - 19 Miles •4 South Powers Corridor (Aerospace) - 19 Miles •5 US Air Force Academy - 23 Miles EDUCATION •6 Falcon High, Middle & Elementary Schools - 2 Miles •7 University of Colorado - Colorado Springs - 17 Miles Downtown Colorado Springs Business District •8 Colorado College - 19 Miles RECREATIONAL AMENITIES •9 Black Forest - 9 Miles 10• Garden of the Gods - 17 Miles 11• US Olympic Training Center - 17 Miles 12• Pikes Peak - 48 Miles UCCS Campus with view of Pikes Peak | 5 | Waterbury | Colorado Springs US 5 AIR F ORCE ACA DEM Y: ( 23 Mil es) S P 9 B OWER LACK F OREST S BL (9 Mi VD les) LORADO ( IVERSITY OF CO 17 Miles) UN 6 7 E. WOODMEN RD SITE 24 10 87 les) GARDEN OF THE GODS: (17 Mi s) 8 (17 Mile 11 ENTER: US OLYMPIC TRAINING C E PL AT COL 24 ) TE AVE ORADO COLLEGE: (19 Miles) s 12 2 ile ) M 19 Miles 2 DOWNTOWN COLORADO SPRINGS: ( (1 : s) S SE e D V E N BA il Miles) E M L K (48 C 9 A PIKES PEA R 1 ) KE AVE HW FO ( s A A Y 24 IR : le A T i ON R M E V ERS PO PET IR 19 A ( 1 GS ): IN E PR C S A O P AD S OR O OL R C E A ( R 3 O ID S A RR CADE O MY B C LVD S ER W PO H UT SO 4 ENTITLEMENT SUMMARY The Waterbury development plan was recorded in June 2013, Phase 1 Ready for Immediate Development which gave the project vesting for development of up to 1,010 residential units and secured the project’s PUD Residential Zoning. Phase 1A is construction ready with plat approval for 67 lots and Phase 1 Phases 1B and 1C will follow by end of Summer 2018. By closing, 1A 22.1 Acres (67 Lots) this represents a total of 196 lots in Phase 1 ready for development. 1B 20.3 Acres (72 Lots) The Phase 2 preliminary plan for the next 235 lots is currently 1C 19.6 Acres (57 Lots) in the agency review process and will be approved by early Fall 62 Acres (196 Lots) 2018. The property has a Letter of Map Revision, which has FEMA approval (with defined flood plain limits and mapping). In 2011 the Army Corp of Engineers determined that the site does not contain any jurisdictional wetlands. Water & Sewer are to be provided by the 4 Way Ranch Metropolitan District and the district is prepared to bond future public improvements as soon as developer(s) are selected. The Metro District has already completed the water improvements to provide water to Phases 1A, 1B and 1C. The planning and engineering design for the sewer lift station and main that will accommodate build out of the project has been completed and construction can commence immediately upon transaction closing. The El Paso County, through the Pikes Peak Rural Transportation Authority, recently completed construction of the Stapleton Road extension south of Highway 24. Additionally, the County Board of Commissioners approved a new 215-acre regional park facility (Falcon Regional Park) which is developed adjacent to the project. (Phase 1 Built - See Link & Master Plan) | 7 | Waterbury | Colorado Springs PRODUCT MIX TOTAL PHASE / FILING 1A 1B 1C 1 2 3 4 UNITS 40’ Single Family Detached 10 11 10 58 23 112 50’ Single Family Detached 15 14 22 83 26 160 60’ Single Family Detached 27 27 35 78 113 177 457 65’ Single Family Detached 7 16 14 69 19 32 157 70’ Single Family Detached 8 4 8 56 11 37 124 SUBTOTAL 67 72 57 235 284 295 1,010 PHASE 1 OFFERING | 8 | Waterbury | Colorado Springs PHASING PLAN | Waterbury Falcon Regional Park Phases 3 & 4 Phase 1 Phase 2 1A 22.1 Acres (67 Lots) 1B 20.3 Acres (72 Lots) 1C 19.6 Acres (57 Lots) 62 Acres (196 Lots) Phase 2: 80 Acres (235 Lots) Phases 180 Acres (579 Lots) Phase 1 3 & 4: Total 322 Acres (1,010 Lots) | 9 | Waterbury | Colorado Springs AERIALS STATE OF DENVER lat P te er h Riv COLORADO t u o S er i v R Colorado Denver Aspen Grand Junction SITE A Colorado Springs rk an er sas Riv Pueblo Rio Gr and e Ri ve r 74 24 24 SITE COLORADO SPRINGS 94 9 115 | 10 | Waterbury | Colorado Springs AERIALS | Locator SITE COLORADO SPRINGS ROBUST POPULATION GROWTH DOWNTOWN Population (2017) 25,159 + Population Growth 2000-2017 269.3% Projected Population 2017-2022 83.9% | 11 | Waterbury | Colorado Springs SITE PLAN OVERLAY Falcon Meridian Regional Park Project Falcon High School Phases 33 && 44 LE RD TONVIL EAS Phase 2 Phase 1 LETON DR 24 STAP | 12 | Waterbury | Colorado Springs AERIALS FALCON HIGH FALCON SCHOOL REGIONAL PARK EASTONVILLE RD 24 TH AT CH ER CT S TAPLE T ON DR T DR GILBER | 13 | Waterbury | Colorado Springs AERIALS COLORADO SPRINGS DOWNTOWN PIKES PEAK AIRPORT COLORADO SPRINGS 24 WOODMEN HILLS PAINT BRUSH HILLS STAPLETON DR MERIDIAN RANCH EAS TONVIL LONDONDERRY DR FALCON HIGH LE R SCHOOL D | 14 | Waterbury | Colorado Springs AERIALS PAINT BRUSH HILLS MERIDIAN RANCH RY ER LONDOND FALCON HIGH SCHOOL WOODMEN HILLS EASTONVILLE RD STAPLETON DR | 15 | Waterbury | Colorado Springs 83 REGIONAL NEW HOME COMPARABLE PROJECT SUMMARY V V B O O L Y Y A A A C G G K M E E E F R R R OR P P I R D K K 1 SITE E I W W A S N T Y Y STAPLETON DR R R D D RIARG B ATE KWY P 2 24 21 5 25 4 WOODMEN RD 3 M A R K S Y H E W F K F P E S L F F R U D L B IN 1 2 T 3 4 5 S AU MERIDIAN RANCH WOLF RANCH BANNING LEWIS RANCH CUMBRE VISTA FOREST MEADOWS Location Meridian Ranch Blvd Location 5808 Harney Drive Location 6885 Vista Del Pico Blvd Location Cumbre Vista Way Location Forest Meadows Ave Falcon, CO Colorado Springs, CO Colorado Springs, CO Colorado Springs, CO Colorado Springs, CO 80831 80924 80927 80924 80908 Average 2,960 SF Average 2,502 SF Average 2,727 SF Average 2,940 SF Average 2,410 SF Square Feet Square Feet Square Feet Square Feet Square Feet High List Price $432,733 High List Price $568,309 High List Price $476,207 High List Price $387,773 High List Price $369,253 Low List Price $236,000 Low List Price $319,950 Low List Price $250,275 Low List Price $339,950