New Master Planned Community

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Shea Homes Colorado Acquires The Canyons in Castle Pines

by Shea Homes Colorado on December 29, 2015

 

Shea Homes Colorado, the master developer of communities such as Highlands Ranch, Reunion and Stepping Stone, announced its purchase of 1,270 acres in The Canyons, located east of I-25 in the City of Castle Pines, between the Hess Road and Happy Canyon Road interchanges. The company will oversee the development of a new master-planned residential community, which, at build-out, will feature 2,000 single and multi-family homes from a variety of builders. Shea Homes, which expects to invest $75,000,000 in the community over the next four years, worked with Denver-based Oread Capital & Development in purchasing the land from the Alpert family through North Canyons, LLLP, which retains ownership of the balance of the 3,343-acre project.

The Canyons Location Map

When completed, The Canyons will nearly double the size of the City of Castle Pines.  With a vision of active, outdoor lifestyles and environmental stewardship, the community’s plans call for more than half of The Canyons to be dedicated to parks and open space, with 49 acres for public schools and 20 acres for civic uses, as well as areas for retail, restaurants and office space.

The Canyons Grass Prairie The Canyons Beauty Photo

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