Erie Real Estate sold for over $20 million…

erie-real-estate.jpgAccording to the
Boulder County Business report, an Englewood development company has purchased 367 acres in Erie, Colorado for $20.5 million.

The BCBR recently reported in one of their recent Commercial Real Estate artilce online that Southwestern Investment Group Inc. bought the property southeast of Leon Wurl Parkway and 111th Street from Young Ventures LLLP.

The residential real estate developer plans to build Flatiron Meadows on the property – a mixture of 875 single-family homes, duplexes and town homes, according to Fred Diehl, Erie’s assistant to the town administrator. The development would also include parks and a new Boulder Valley School District k-8 school.

The Boulder County Business Report also states in it’s 2007 Commercial Real Estate Sourcebook that is growing at the pace of almost 500 new homes per year with the average annual income hovering at about $80,000. There seems to be a diligent undertaking by Erie planners to stop the leakage of tax dollars out of the town. As it currently stands, Erie loses more than 90 percent of it’s sales tax dollars to nearby communities, according to the Boulder County Business Report.

.

… AND, you can FOLLOW THE LINKS I have for you on the right side of this page to find some great information. Please see my video tour section, to see tours of Boulder real estate for sale, business profiles, neighborhood profiles, and new development profiles. I want you to find exactly what you want, and get all the info you need. Call or email me now to get straight answers, and start the process of finding the perfect solution to your real estate needs.
-Zachary Epps, full-time professional Realtor® and EcoBroker®

Comments

Got something to say?