Welcome to today’s Real Estate news roundup! In the latest updates, California-based Pacific Ventures Management LLC, in collaboration with Avanti Properties Group, has acquired the Horizon Uptown master-planned community in Aurora. This strategic acquisition positions Pacific Ventures as the master developer responsible for the development, management, and future planning of the community. Horizon Uptown, spanning 503 acres, is set to offer a diverse mix of single-family and attached homes, along with a robust commercial hub and recreational facilities. In other news, GAF Energy’s Timberline Solar Roof has been approved for use in Sterling Ranch, an eco-friendly, sustainable community in Colorado. These stories and more await you in today’s Real Estate news. Read more
Pacific Ventures Acquires Master-Planned Community in Aurora – Mile High CRE
California-based Pacific Ventures Management LLC, in conjunction with Avanti Properties Group, has acquired the Horizon Uptown master-planned community in Aurora. Pacific Ventures will be the master developer and responsible for the development, management, and future planning of the community.
Horizon Uptown is strategically located at the intersection of I-70 and E470, providing easy access to Denver International Airport, downtown Denver, the Fitzsimons Innovation Community, the Denver Tech Center, and various regional entertainment venues. Spanning 503 acres, Horizon Uptown is envisioned to house approximately 3,000 residences, offering a diverse mix of single-family and attached for-sale and rental homes. The community also boasts an approved plan for a robust commercial hub, including retail, office, medical, and other mixed-use spaces. Complementing the residential and commercial offerings, Horizon Uptown will feature a network of parks and recreational facilities, a K-8 school within the Aurora Public School District, and a new fire station.
The initial phases of Horizon Uptown, comprising 654 lots and 350 multifamily units, have already been developed and sold to various home builders and apartment developers by the previous master developer. The existing community park, complete with a dog park, children’s playground, tennis courts, and a trail system, sets a strong foundation for the community’s continued growth.
Currently, national homebuilder Meritage Homes is actively selling two neighborhoods in Horizon Uptown, with DR Horton poised to open an additional two neighborhoods in the coming months. Additionally, Ascend at Horizon Uptown is now leasing luxury apartment homes, offering an array of on-site amenities such as a resort-style pool, fitness club, workspace, and more.
Pacific Ventures is no stranger to assuming master developer responsibilities for communities in progress. In 2015, the company was appointed by Oaktree Capital Management LLC as the new master developer for Summerly, a partially developed 1,677-home community in Lake Elsinore, California. Similarly, in 2020, Pacific Ventures was retained by Tricon Residential as the master developer for Bedford, a partially developed planned community of 1,543 homes in Corona, California. Bedford’s recent accolades, including the “Master-Planned Community of the Year” at the 2023 Southern California MAME Awards and a 2024 National Silver Award for “Master-Planned Community of the Year” from the National Association of Homebuilders, underscore Pacific Ventures’ expertise in crafting quality communities.
The acquisition of Horizon Uptown represents a new opportunity for Pacific Ventures to apply its extensive experience and innovative approach to a community already in motion. “Horizon Uptown is another opportunity for our team to transition into a community part-way through its lifecycle and bring a fresh set of ideas and disciplined management to create a great community,” said Mark Kehke, Founder and CEO of Pacific Ventures.
The transaction was facilitated by Greg Vogel, Wes Campbell, and Max Xander with Land Advisors Organization, who represented the seller.
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GAF’s Timberline Solar Approved by Eco-Planned Community | Roofing Contractor
GAF Energy’s Timberline Solar Roof has been accepted for use at Sterling Ranch, a master-planned community in Douglas County, Colo., which has positioned itself as an eco-friendly, sustainable community. The acceptance confirms that Timberline Solar meets or exceeds the community’s extremely high standards for safety, energy production, and aesthetics.
Sterling Ranch, located near Highlands Ranch and Littleton at the base of the Rocky Mountain foothills, aims to be an eco-friendly, sustainable-driven community. The availability of Timberline Solar will help the community reach its sustainability targets, including achieving 100% renewable electricity by 2030.
GAF Energy, a leading provider of solar roofing in North America, produces Timberline Solar at its manufacturing facilities in California and Texas. With Timberline Solar, homeowners can enjoy a beautiful, efficient solar roof that’s built to endure Colorado’s tough winter conditions, including heavy snow.
Tavistock teaming up with Dream Finders on Horizon West subdivision – GrowthSpotter
The master developer behind Lake Nona and Sunbridge, Tavistock Development Company, is partnering with prominent Florida-based homebuilder Dream Finders Homes on a subdivision near the Hamlin Town Center. Tavistock recently closed on approximately 60 acres in Horizon West, purchasing the land from the Catholic Diocese of Orlando for $18.5 million. The community will consist of 182 single-family homes and will be developed by Tavistock while Dream Finders builds the homes. This project marks Tavistock’s first venture in the Horizon West area, expanding their residential development expertise. Dream Finders Homes has plans to deliver over 1,300 housing units to Horizon West, including townhomes and detached homes in various subdivisions. For more information, visit GrowthSpotter.