Land Development &
We are bringing a brand new development to Colorado Springs in late 2019. Colorado Springs is one of the hottest housing markets in the United States. Home values here have had massive increases over the past several years. The average home price in this area is about $350,000, on a lot size that is about 7,000 square feet. We are entitling 829 acres of land in Colorado Springs, CO into approximately 150 lots with acreage. These new homes will rest on 3 to 5 acres, for about $325,000. With this attractive approach, we will fulfill the high demand for housing at a price that remains affordable. After sending out a preliminary plat to buyers, as well as the product type and pricing, we already have approximately 15 buyers who have submitted LOI's on the homes.
Falcon lies at the edge of the Colorado Springs metro area. It retains a rural feel but skips long commutes for residents. These lots feature beautiful mountain views and will fulfill the area’s high demand for housing at an affordable price.
As an investment, this project should provide an annual return of 25% over approximately a 3.75 years. This would yield a return of approximately 93% and a 41% internal rate of return over the term of the project. Projected cash flow will begin at the 18 month mark.Pre-sales will start at the one-year mark to allow the project to begin returning capital earlier.
The is an amazing team that will take this project through the entitlement process. Bill Guman, president of Williams, Guman, & Associates, has been a planner in Colorado Springs for more than 40 years. During the past 8 years, Bill has a 100% success rate for moving projects through entitlement. With our combined experience we are excited to turn this land into a beautiful community in Colorado’s stunning Pikes Peak Region.