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35-ACRE DEVELOPMENT SITE | DOUGLAS COUNTY, CO Prime location surrounded by Arrowhead Golf Club Entitled for 202 Multi-Family Units or 72 Single-Family Lots | Utilities Available SITE

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Page 1: SITE - images1.loopnet.comimages1.loopnet.com/d2/iHSYVvUWOrGbDY60W35pQtRYaY3... · Capital Group, make any ... Municipality Unincorporated Douglas County Permitted Uses Single-family,

35-ACRE DEVELOPMENT SITE | DOUGLAS COUNTY, CO

Prime location surrounded by Arrowhead Golf Club

Entitled for 202 Multi-Family Units or 72 Single-Family Lots | Utilities Available

SITE

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i

© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

HOMESTEAD atARROWHEAD

Disclaimer ii

EXECUTIVE SUMMARY 1Offering Summary 1

Site Information 1

Drive Times From Homestead at Arrowhead 2

Site Details 4

DENSITY STUDIES 6AREA AMENITIES 9

Arrowhead Golf Club 9

Chatfield Reservoir State Park 9

Roxborough State Park 10

Red Rocks Amphitheatre 10

LARGE EMPLOYERS 12Lockheed Martin 12

Charles Schwab 12

Additional Employers 12

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ii

© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

HOMESTEAD atARROWHEAD

Disclaimer

This is a confidential memorandum intended solely for your own limited use to determine whether you wish to express any further interest in the purchase of the herein described property. This confidential memorandum contains selected information pertaining to the described property and has been prepared primarily from information supplied by the Seller represented by Newmark Knight Frank Capital Group. This confidential memorandum does not purport to be all-inclusive nor to contain all of the information which a prospective investor may desire. Neither the Seller nor any of its employees, or agents, including Newmark Knight Frank Capital Group, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents, and no legal liability is assumed or to be implied by any of the aforementioned with respect thereto.

By your receipt of this confidential memorandum, you agree that this memorandum and the information contained herein is of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not, directly or indirectly, disclose or permit anyone else to disclose this memorandum or any part of the contents to any other person, firm or entity without prior written authorization of Newmark Knight Frank Capital Group, nor will you use or permit to be used this memorandum or any part of the contents in any fashion or manner detrimental to the interests of the Seller. Photocopying or other duplication is not authorized.

The Seller expressly reserves the right, at his sole discretion, to reject any or all proposals or expressions of interest in the subject property and to terminate discussions with any party at any time with or without notice.

This confidential memorandum shall not be deemed an indication of the state of affairs of the described property, nor constitute an indication that there has been no change in the described property since the date of preparation of this memorandum.

SITE

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

EXECUTIV

E SUM

MA

RY

EXECUTIVE SUMMARY

Offering Summary

Newmark Grubb Knight Frank, as exclusive agent for the Seller is pleased to offer for sale the Homestead at Arrowhead. The offering consists of 35 acres of developable residential land in Roxborough Park, Colorado, which is entitled for 202 multi-family units or 72 single-family homes.

Homestead at Arrowhead represents an extraordinary opportunity to develop an exclusive, luxury residential project located within the secluded confines of award winning Arrowhead Golf Club. The site’s location on the interior of Arrowhead Golf Course provides a private community feel as it is separated from the surrounding neighborhood by the existing golf course. The location offers unparalleled views, limitless recreational opportunities in Chatfield Reservoir and Roxborough State Parks, major employers such as Lockheed Martin and Charles Schwab and easy access to C-470, the Denver Tech Center, Downtown Denver and the Rocky Mountains.

*Over 50% of lots with golf course frontage

Site Information

Offering Price $5,950,000

Land Size-East Development Site:

-West Development Site:

Total: 35.342 acres

PA-12: 12 AC

PA-14: 18 AC Open Space: 5.342 AC

Location Roxborough Downs Planning Areas 12 &14

Municipality Unincorporated Douglas County

Permitted Uses Single-family, townhome, duplex, triplex, condo, multi-family

Entitlements Entitled for 202 multi-family units OR 72 SFD

Current Zoning PD-Roxborough Park

Utilities Available

Mill Levy 104.144

SITE35 ACRES

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

EXECUTIV

E SUM

MA

RY

6th Ave.

Hampden Ave.

Arapahoe Rd.

Parker Rd.

Lincoln Ave.

Colfax Ave.

Peñ

a B

lvd.

DENVER

ENGLEWOOD

LITTLETON

GREENWOODVILLAGE

HIGHLANDS RANCH

CASTLEROCK

PARKER

AURORA

ARVADA

BROOMFIELD

THORNTON

BOULDER

COLORADO SPRINGS

GOLDEN

ParkMeadows

Mall

DenverInternational

Airport

Downtown

DENVER TECH CENTER

DRIVE TIMES FROM HOMESTEAD AT ARROWHEAD

35 m

inut

es23

m

inutes

30 minutesHOMESTEAD at

ARROWHEAD

50

minu

tes

DIA

SUMMIT COUNTY(KEYSTONE, BRECKENRIDGE, VAIL)

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

EXECUTIV

E SUM

MA

RY

SITE

CHATFIELD RESERVOIR STATE PARK

SEDALIA

LOUVIERS

DENVER POLO CLUB

SANTA FE DRIVE

RA

MPA

RT R

IDG

E R

OA

D

ROXBOROUGH STATE PARK

PLATTE RIVER

GOLF CLUB AT RAVENNA

ROXBOROUGH PARK SUBDIVISION

DENVER BOTANIC GARDENS AT CHATFIELD

S. W

AD

SWORTH

BLV

D.

HIGHLANDS RANCH

LOCAL AMENITIES

LOCKHEED MARTIN CAMPUS

(4,805 EMPLOYEES) STERLING RANCH3,400 ACRES

12,000 SF HOMES(Phase 1 Under Construction)

ROXBOROUGH PRIMARY SCHOOL

ARROWHEAD GOLF CLUB

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

EXECUTIV

E SUM

MA

RY

Site Details

Access

There are two access points to the property secured by existing joint access easements. They are as follows:

• Eastern Access: Entry to the eastern development site is granted via Sundown Trail along the Joint Access Easement to a point west and north of the existing Roxborough Country Club. The entry road would enter between the 18th Green and the 1st Tee of the golf course. The configuration of PA-14 boundaries anticipated a future access at this location.

• Western Access: Entry to the western development site can readily be accessed from the established roads in the Roxborough Downs residential community located to the west of the site. The configuration of Homestead at Arrowhead anticipated a future access at this location. The adjoining residential street system (Willow Broom Trail) would cross perpendicularly to a golf cart path between the 9th green and 10th tee.

Service Providers

• Water: Service is provided by the Roxborough Park Metropolitan District.

• Tap Fees: $41,214 ¾” residential tap (potential to reduce tap fees by servicing more than one unit per tap).

• Sewer: Roxborough Park Metropolitan District

• Electric: Intermountain Rural Electric Association

• Gas: Excel Energy

• Mill Levy: 104.144

Southern View from Property

16th Hole and Site

16th Hole and Site

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

EXECUTIV

E SUM

MA

RY

ARROWHEAD GOLF CLUB CLUBHOUSE

SITE35 ACRES

ROXBOROUGH DRIVE

N. RAMPART RANGE ROAD

WIL

LOW

BRO

OM

RAMPART RESERVOIR

ROXBOROUGH DRIVE

EASTERN VIEWS

WEST PROPERTY ACCESS

(APPROVED)

EAST PROPERTY ACCESS

(APPROVED)

TRAI

L

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

DEN

SITY STUD

IES

DENSITY STUDIES

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

DEN

SITY STUD

IES

YIEL

DS

PARC

ELUN

ITS

DENS

ITY

Wes

t Site

36 U

NITS

3.0 U

nits /

Acre

(Max

imum

Allo

wed)

East

Site

36 U

NITS

2.0 U

nits /

Acre

(Max

imum

Allo

wed)

TOTA

LS:

72 U

NITS

Entr

y S

ignage

East

Site

Acc

ess

#18

Dri

ving

Range

#1 T

ee

#17 T

ee

#16

#15

Entr

y S

ignage

Wes

t Si

te

Acc

ess

Exis

ting

Cart

Path

Natu

ral

Open

Space

& H

ikin

g

Trails

Natu

ral

Open

Space

& H

ikin

g

Trails

W.Q

.

W.Q

.

W.Q

.

W.Q

.

Linea

r Park

& T

rail

1101

Ban

nock

Stre

etDe

nver

, Col

orad

o 80

204

P 30

3.89

2.11

66F

303.

892.

1186

www.

norri

s-de

sign.

com

0

1

00

200

SCA

LE: 1

” =

100’

NO

RTH

HO

MES

TEA

D a

t A

RRO

WH

EAD

Site

Dev

elopm

ent

Study -

Option 1

SFD

August

21, 2015

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

DEN

SITY STUD

IES

Entr

y S

ignage

#18

Dri

ving

Range

#1 T

ee

#17 T

ee

#16

#15

Entr

y S

ignage

& C

lubhouse

Exis

ting

Cart

Path

Natu

ral

Open

Space

& H

ikin

g

Trails

Natu

ral

Open

Space

& H

ikin

g

Trails

W.Q

.

W.Q

.

W.Q

.

W.Q

.

Linea

r Park

& T

rail

Clu

bhouse

Clu

bhouse

YIEL

DS

PARC

ELUN

ITS

DENS

ITY

Wes

t Site

94 U

NITS

7.83 U

nits /

Acre

(Max

imum

Allo

wed)

East

Site

108 U

NITS

6.0 U

nits /

Acre

(Max

imum

Allo

wed)

TOTA

LS:

202 U

NITS

East

Site

Acc

ess

Wes

t Si

te

Acc

ess

1101

Ban

nock

Stre

etDe

nver

, Col

orad

o 80

204

P 30

3.89

2.11

66F

303.

892.

1186

www.

norri

s-de

sign.

com

0

1

00

200

SCA

LE: 1

” =

100’

NO

RTH

HO

MES

TEA

D a

t A

RRO

WH

EAD

Site

Dev

elopm

ent

Study -

Option 3

MF/

Condos

August

21, 2015

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

AREA

AM

ENITIES

AREA AMENITIES

Arrowhead Golf Club

No golf course in America has a setting quite like Arrowhead Golf Club, whose boundaries literally surround the Homestead at Arrowhead property. Opened in 1972 and designed by Robert Trent Jones Jr., Arrowhead plays among 300-million-year-old sandstone formations, many of which are sharp at the top and point toward the mountains. Others resemble giant boulders, serving as hazards to fairways that tiptoe around them. The course plays 6,636 yards from the black tees and, while short by modern standards, presents a good test of golf with many large bunkers and challenging, fast greens. While the sandstone is visible from every hole, the most dramatic holes are on the back nine. The 10th hole, visible from the clubhouse, plays from an elevated tee with numerous rocks all pointing in similar direction. The par-3 13th features an elevated tee that plays between two massive rocks to a green framed by a small pond behind it (www.rockiesgolf.com) The course is owned and managed by Arcis Golf, the premiere golf course manager and ownership group in the country.

Arrowhead Golf Club Awards:• Top 75 Public Golf Courses -Golf Digest

• Best Places to Play -Golf Digest

• #1 Most Scenic Golf Course, Public or Resort -Avid Golfer

• Best Public Front Range Course -Colorado Golf Magazine

Chatfield State Park & Reservoir

Chatfield State Park offers a wealth of recreational activities, conveniently located on the southeast side of the Denver metropolitan area. Additionally, Chatfield State Park is truly one of Colorado’s full service outdoor recreation areas. Available activities include picnicking, boating, swimming, wildlife viewing, bicycling, hiking, fishing, camping and other activities. Other more unique recreational pursuits that can be found at Chatfield which are not readily available at many locations around Colorado include an off-leash dog exercise area, dog tracking, water dog

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

AREA

AM

ENITIES

rescue training, triathlete swimming practice, scuba instruction, hot air ballooning, and remote control model airplane flying.

Roxborough State Park

Ro xborough is a Colorado Natural Area and a National Natural Landmark for good reason. The park, with close to 4,000 acres, is filled with dramatic red-rock formations, distinct plant communities, and a host of wildlife ranging from black bears to mule deer.

Visitors can take in all of Roxborough’s geological wonders via a series of trails for every level of hiker. The Fountain Valley Overlook is only 100 yards from the Visitor Center and provides spectacular views of several beautiful rock formations, including the Fountain Formation, Lyons Formation, and the Dakota Hogback. Many visitors tote their cameras to capture one of the many beautiful views or animal sightings such as red fox from one of the park’s overlooks.

Red Rocks Amphitheatre

Situated in the heart of Morrison, Colorado the Red Rocks Amphitheatre is a great place to see some of the biggest and best in the music industry. With a uniquely located stage surrounded by incredible red rocks that tower above the seating areas and views of the sky and surrounding areas makes it simply breathtaking! The impressive seating capacity of over 9,000 and a range of super modern facilities makes this one of the best outdoor music venues in Colorado.

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11

© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

AREA

AM

ENITIES

ARROWHEAD GOLF CLUB CLUBHOUSE

CHATFIELD STATE PARK & RESERVOIR

NORTHERN VIEW

GOLF CLUB AT RAVENNA

LOCKHEED MARTIN CAMPUS

WEST PROPERTY ACCESS

(APPROVED)

ROXBOROUGH DRIVE

RAMPART RANGE ROAD

ROXBOROUGH STATE PARK

HIGHLANDS RANCH

TITAN ROAD STERLING RANCH3,400 ACRES

12,000 SF HOMES(Phase 1 Under Construction)

ROXBOROUGH PARK ROAD

EAST PROPERTY ACCESS

(APPROVED)

DOWNTOWN DENVER

SITE35 ACRES

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LARG

E EMPLO

YERS

LARGE EMPLOYERS

Lockheed Martin

Located just minutes from the Homestead at Arrowhead, Lockeed Martin is identified as Jefferson County’s largest private sector employer and an economic generator for the past 60 years. The company currently houses a workforce of approximately 4,875 employees at their Jefferson County location. The company is an American global aerospace, defense, security and advanced technologies company with worldwide interests. It stands as one of the world’s premier companies in the aerospace, defense, security, and technologies industry; it is the world’s largest defense contractor based on revenue for fiscal year 2014.

Charles Schwab

In October, 2014, Charles Schwab officially opened a new Corporate Campus just 20 minutes from the Homestead at Arrowhead site. The new campus houses 650,000 SF of office on 47 AC of land and currently employs approximately 1,900 professionals. Schwab has been in Colorado since 1978, when the company opened its first Colorado branch office in Denver. Colorado now has seven retail branches, of which four are in the Denver metropolitan area. The company opened a service center in Denver in 1991. Local Colorado employees work across a wide range of business functions, including Schwab Investor Services, Schwab Advisor Services, technology, operations and human resources among others.

In 2013 and 2014, Schwab was named a Top Workplace by The Denver Post, earning the number 5 and number 9 spots, respectively, on the list of top large companies.

Additional Employers

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© 2015, Newmark Knight Frank Capital Markets. All Rights Reserved.

LARG

E EMPLO

YERS

SITE VIEW TO THE WEST

SUNDOWN TRAILROXBOROUGH DRIVE W

ILLOW

BROOM TRAIL

SITE

WEST PROPERTY ACCESS

(APPROVED)

EAST PROPERTY ACCESS

(APPROVED)

ARROWHEAD GOLF CLUB CLUBHOUSE

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LARG

E EMPLO

YERS

SITE

FACING SOUTH

ROXBOROUGH STATE PARK

ROXBOROUGH D

RIVE

SUNDOWN TRAIL

R

OX

BO

ROUG

H DRI

VE

WILLOW BROOM

TRAIL

WEST PROPERTY ACCESS

(APPROVED)

EAST PROPERTY ACCESS

(APPROVED)

ARROWHEAD GOLF CLUB CLUBHOUSE

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LARG

E EMPLO

YERS

SOUTHERN VIEW

ROXBOROUGH STATE PARK

ROXBOROUGH D

RIVE

R

OX

BO

ROUG

H DRI

VE

WEST PROPERTY ACCESS

(APPROVED)

EAST PROPERTY ACCESS

(APPROVED)

PIKES PEAK

CASTLE ROCK

RAMPART RESERVOIR

RAMPART RANGE R

OAD

ARROWHEAD GOLF CLUB CLUBHOUSE SITE

35 ACRES

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Steve Roesinger Senior Managing Director 303.260.4350 [email protected] Wade Fletcher Managing Director 303.260.4319 [email protected]

1800 Larimer Street, Suite 1700 Denver, Colorado 80202 303.892.1111