292 homes planned for new neighborhood
Almost 300 hundred new homes are coming to a 43-acre patch of former farmland at the corner of East 104th Avenue and Steele Street in Thornton, an infill neighborhood that will add more housing density around a key stop for RTD’s forthcoming N-Line train route.
Denver-based McStain Neighborhoods is building the project — dubbed Arras Park — in partnership with a Los Angeles private equity real investor, the Resmark Companies. The partnership put out a news release this week touting the project as a transit-oriented development with multiple parks and homes built with resident wellness and environmental sustainability in mind.
“With Arras Park’s plentiful green space, thoughtful site plan and home types for a variety of buyers, McStain Neighborhoods has created a future residential destination that’s unique in Thornton and in most
of the Denver Metro Area as well,” Michael Zarola, a senior vice president with Resmark Companies said in a statement.
In total, Arras Park will include 157 stand-alone homes and 135 attached townhomes.
The biggest homes will have four bedrooms in close to 2,800 square feet. The smallest townhomes will be two- and three-bedroom units, the smallest checking in at 1,424 square feet, according to the news release. Prices will start in the high $300,000s, right around the $383,000 median home value online real estate marketplace Zillow is tracking for the north metro city.
Construction on the three-phase project is expected to begin near the end of the year, with sales likely starting in the spring of 2021 when the first model homes are ready, the partners say.
A rendering of the neighborhood provided by McStain shows the townhomes bunched along 104th Avenue and Steele Street, with the detached homes clustered on the west and south ends of the site. Four parks will be sprinkled in with the homes. The largest of those, the neighborhood’s namesake Arras Park, will feature a sunken amphitheater, the developers say.
Resmark is relatively new to the Denver area, previously backing two apartment projects built by Lennar Multifamily Communities, one in Westminster and one in Denver’s Green Valley Ranch neighborhood. McStain has been around since 1966, but, to the knowledge of Jason O’Shea, Thornton’s building and engineering director, the company has yet to build a project in the city.
With Arras Park, McStain is bringing its “BeWell House” standards to town. Every home will come solar power ready and be built to specifications that qualify for federal energy use and internal air quality programs, per the news release.
It’s a busy time for the fast-growing Adams County city, which in addition to lots of real estate along Interstate 25, will also host two stops along the longdelayed RTD N-Line. A spokeswoman with the embattled transit agency on Thursday said the line will open before the end of the year but RTD isn’t ready to announce a date yet.
The city created a master plan for the area around the stop, O’Shea said.
Called the Thornton Crossroads, the station is behind the Safeway grocery store at East 104th Avenue and Colorado Boulevard.
SI T CAmong the goals laid out in the plan: more density close to the train platform.
“This meets the needs and the goals of the station area master plan that was put together,” O’Shea said of Arras Park.