To Close Deal, Real Estate Developers Tie the Knot

A unique, pricey parcel northeast of Castle Rock required two big-time developers to enter into something of a land marriage to pull off the sale

Over the years, Brownstein Hyatt Farber Schreck shareholder Greg Vallin has represented local and national clients on all kinds of real estate and development deals — developments of sizable residential communities or golf courses, the sale of large Colorado ranches, land trusts looking to preserve scenic open spaces and critical wildlife habitat. But he’d never seen a land deal quite like the one he helped close earlier this spring, and he doesn’t imagine he’ll see another like it any time soon.

About 35 miles south of Denver, just west of I-25, sits a roughly 1,500-acre swath of land with soft hills and views of the mountains to the west combined with convenient access. Viewed through the eyes of a developer, the location is a no-brainer spot to build hundreds of luxury homes, precisely the picture someone at Lowe Enterprises Real Estate Group saw in their mind’s eye when the company purchased the property more than a decade ago.

“They had intended to do a high-end, large master plan community,” Vallin said. “It’s a beautiful property, close to Castle Rock and I-25 but still feels very remote; fantastic for residential development.”

To read this story and other complete articles featured in the July 30, 2018 print edition of Law Week Colorado, copies are available for purchase online.