The company leading development of Lone Tree’s RidgeGate neighborhood has selected Shea Homes to head up construction of a forthcoming 1,800-home subdivision there.
Earlier this year, Coventry Development Corp. laid out high-level plans for RidgeGate’s growth as it expands into largely undeveloped space on the east side of Interstate 25. The expansion could bring 10,000 new residential units to Lone Tree and double the population of the northern Douglas County city. Those plans called for three residential “villages.”
Shea will now serve as the master homebuilder for the first of the those, the “Southwest Village,” per a news release from Coventry this week. The project is expected to provide a variety of home types and prices, the release said.
Infrastructure work on the village is expected to begin early next year with the first homes being delivered in mid-2021. RidgeGate is now served by a trio of new light rail stops that opened in May.
“We see this as an opportunity to use our capabilities as a developer and homebuilder to contribute to a new and thoughtful kind of community,” Shea Homes Colorado president Chetter Latcham said in a statement.
Related Articles
- April 3, 2019
For Lone Tree’s RidgeGate neighborhood the future is now and it’s arriving by train
- May 15, 2019
RTD’s newest line in southeast Denver metro will power development for years to come
- February 21, 2018
Housing development that could double the size of Lone Tree pits growth against airport noise, safety
