NexMetro paid just over $5 million for 16 acres just west of Denver, in Golden. The Denver Business Journal reports the Phoenix-based company plans to build a $70 million community of 128 single-family and duplex homes.
Amenities will include private backyards, dog park, pool, spa, barbecue area and trails. Pending site plan approvals, NexMetro plans to break ground on its new Golden community during the middle or end of next year, and the project won’t be completed until 2026.
In addition to its new project in Golden, NexMetro has communities of build-to-rent homes in Commerce City, as well as Thornton. NexMetro also built a community in Brighton, but sold that two years ago.
Meanwhile, in Castle Rock, NexMetro plans to close on land this fall, where it aims to build a community of 105 rental homes.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.