Downtown Superior Update: Fall 2017

This past August, residential lots in the very first filings for Downtown Superior were listed for sale.  As noted in the first article of our series, it was the beginning of the highly anticipated roll-out of townhome and single family properties in Superior’s last large residential tract.  The rate at which these first offerings were scooped up is not surprising as demand was (and is) expected to be high.  Downtown Superior is one of the last opportunities to find new construction in a mixed-use master planned community that is so close the foothills.  The land on which this community is being built was annexed to the Town of Superior in 1997.  Over the past 20 years, city officials have collected public input via a visioning process, reviewing multiple development concepts and carefully interviewed bids for development.  The Town signed an agreement with Ranch Capital, LLC. to develop the land in 2013.  The community was originally referred to as Superior Town Center but is now called Downtown Superior.

The development of Downtown Superior began in 2015 with the 157,000 square feet Sports Stable.  This enormous facility boasts three ice rinks, three turf fields, an arcade, virtual golf bays, batting cages, pitching lanes, a pro-shop, Synapse Physical TherapyFitFuel Performance Nutrition ConsultantsBoulder Therapeutics Massage,Stick’s Coffee, and Brunelleschi’s Pizza & Pasta.  Downtown Superior is also slated for the development of hotels, commercial space for 20 retailers, 25 restaurants, medical offices, and 42 acres of open space.  A pedestrian promenade will run through the heart of the mixed use area centrally located within the 157 acre site.   The community will have three main entrances: one off of McCaslin just off of the round-about, one via a bridge over Clear Creek by the Old Boulder Valley Ice Ranch site, and the third off of 88th Avenue leading into the Rock Creek neighborhood. 

Q4 2017 Updates
Street Construction:  There are plans to connect Main Street to the roundabout on McCaslin by the end of October.
Parks:  The construction of any parks in the community will happen in two years in the best case scenario as funding for their development is unknown.  
Hotels:  Downtown Superior is approved for 500 hotel rooms.  Element Hotel, which is part of the Westin Hotel group, announced that it will begin construction shortly.  It will be located where the former Boulder Valley Ice Complex once stood, immediately next to Superior Liquor and Old Chicago.  The hotel will be a four-story structure with 121 rooms.  The rooms will range from studio to 2-bedroom layouts with kitchenettes.  An outdoor pool is planned.  Downtown Superior’s master plan allows for additional hotels located next to Element as well as near the pedestrian promenade on the main street. 
Restaurants/Retailers:  These types of shops will be located in an area known as Town Square Plaza. 
Medical Offices:  The multi-story structure being built directly to the southeast of the Sports Stable will be Downtown Superior’s medical office building and it is 60% leased.  A parking garage is being built adjacent to the structure.   The building is slated for exterior completion by Q1 of 2018 at which point tenants will commence with interior improvements and should be open for business by Q2 2018.
Residential:  As the beginning of Q4 2017, both Wonderland and Remington are practically sold-out for their current filings with some limited availability.  We are currently working with clients in the process of buying in Downtown Superior and advise that newly interested parties join the builder’s waitlists for first-pick of lots, etc.  It is currently possible to secure lots that will be released in the end of Q4 2017.

The three developers tasked with building the 1,400 residences in Downtown Superior are Remington, Wonderland, and Thrive.  All developers are focused on providing homes with clean and modern finishes that are energy efficient, close to parks and open spaces, public transport, and shopping.  Here is a breakdown of each developer’s background and plans for layouts, prices, etc.  Some developers are farther along than others in terms of released filings and estimates for completed build-outs. 

Remington – A Colorado-based builder with 50 years of experience who advertises their flexibility with customizing floor plans.  They offer three different floor plans for their townhomes and three floor plans for their single family homes.   Remington was awarded multiple filings that will in total makeup 800 or so homes.  The townhome floor plans range in size from 1,355 – 1,775 square feet and are three stories tall.   The current filing allows for 48 lots that are available.  Prices start at $430,000 for the townhomes and $624,000 for single family homes.  All plans provide for 2-3 bedrooms, 10-12 foot ceilings on the 1st and 2nd floors, attached two-car garages, and covered outdoor balconies. Granite countertops, maple cabinets, and stainless steel appliances are standard in the kitchens.  The single family floor plans range in size from 2,480 – 3,085 square feet and between three and four stories tall.  The current filing allows for 14 lots that are available. Lot sizes are all small (e.g. 0.04 acres) and intended to promote urban living and enjoyment of public open space.  All plans provide for three bedrooms with an optional fourth bedroom.  Granite countertops, maple cabinets, stainless steel appliances, and plank flooring are standard in the kitchens.  Outdoor areas include a main level patio, 2nd level covered balcony, 3rd level master balcony, and an optional 4th level patio with a pergola.  All townhomes and single family homes are Energy Efficiency Rated, Energy Star Rated, and use third-party energy audits to inspect finished homes.   To schedule a site tour for Remington’s sites at Downtown Superior call 720-339-1500. 

Wonderland – Wonderland is also based in Colorado with 50+ years of experience. This builder refers to their selection of floor plans as the LIVE Collection based on their amenability to enjoying indoor/outdoor living.  They offer four floor plans ranging in size from 1,800 – 2,400 square feet and are three stories tall.  55 lots are available.  Prices range between $480,000 - $540,000.  All plans provide for 2-3 bedrooms, 9 foot ceilings, attached two-car garages, and a rooftop patio.  Quartz countertops, maple cabinets, stainless steel appliances, and engineered pre-finished hardwood flooring are standard in the kitchens.  Other interesting standard features include a gas line that runs to the rooftop patio for fire pits and a hose bib in the garage that provides both hot and cold water.  15 homes have been sold.  Wonderland also uses third-party energy audits to inspect finished homes and provides the resulting HERS scores.  HERS is a measurement of a home’s energy performance.  The performance of a third-party audit and subsequent report of the HERS rating is increasing in popularity with builders as a way to differentiate themselves.  To schedule a site tour for Wonderland’s sites at Downtown Superior call 720-339-1500. 

Thrive – Thrive is also local and is the youngest builder in the group with fourteen years of experience.   They are self- d as “next frontier” builders who differentiate themselves for their use of sustainable construction materials, highly energy efficient, and healthy homes meaning that radon mitigation, mold-prevention practices, and low emission paint/carpet/wood materials are standard.  They have won the Department of Energy’s Innovation in Housing award four years in a row for their zero energy ready homes.  “Zero Energy” refers to a home (or building) that generates an equal or greater amount of energy on-site when compared to the energy that it consumes.  Thrive have sought approval for 51 homes that would begin construction by late 2017 with completion slated for 2018.  For more information on floor plans, price, and availability call 720-339-1500.

The City of Superior chose these three builders very carefully during their vetting process.   They each offer unique attributes and home styles.  Would you like to compare them in more detail?  Give us a callor schedule a meeting at our Louisville office and we will provide our independent opinion.   Purchasing a home in Downtown Superior could be the perfect solution for you but there are some important considerations to keep in mind before doing so.  Click here to learn more about purchasing new construction.

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