Living / Multi-housing

Townes at Skyline Ridge

6983 Ipswich Ct, Castle Pines, CO, 80108, US

Townes at Skyline Ridge_Property for Sale

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Asset description

JLL is pleased to present the exclusive listing of The Townes at Skyline Ridge, a 187-unit Build For Rent community located in the family-friendly city of Castle Pines, Colorado. Delivering in 2023, the luxury neighborhood will consist of 187 townhomes averaging more than 1,500 SF and equipped with market-leading interior finishes. These home-like features will include attached garages, yards, and open living space offering residents a private and enjoyable rental experience. With average household income of more than $237,000 in a two mile radius, the tenant base in the area represents a deep pool of affluent renters looking for high quality housing options, but find home ownership out of reach within the area.


High home values and market leading demographics are driven by the property’s ideal location within Castle Pines, almost equidistant between Denver and Castle Rock, offering residents seamless connectivity to Denver’s southeast business corridor offering more than 240,000 high-quality jobs, spread across a diverse mix of industry-leading companies including Arrow Electronics, Charles Schwab, CoBank, Sky Ridge Hospital, Oracle, ULA, and more. Additionally, the property is also located within one of Colorado’s best school districts, the desirable Douglas County School District, with an overall A- rating from Niche. The closest elementary, middle, and high schools are less than a 10-minute drive. In addition, the property is within a 10-minute drive of two of Colorado’s most prominent shopping malls, Park Meadows and the Outlets at Castle Rock. These retail hot spots offer many high-end and popular shopping options. 


Developed by Century Communities, a top 10 national home builder, The Townes at Skyline Ridge embodies everything the company has to offer, while providing maintenance free living. With average home values in this area of approximately $900,000, the climate for purchasing a home within this highly desirable neighborhood is becoming more difficult. This community offers residents the feel of a home with a location that allows residents seamless access to world-class jobs, excellent schools, and an abundance of recreation. 

Attributes

Number of units
187 units
Occupancy
1.00%
Year built
2023
Building area Net
281,610 sf

Investment highlights

  • Highly unique new construction BFR product in premier suburban location
  • $237K+ average household income within a 2-mile radius
  • Seamless access to 240K+ jobs in Denver’s largest employment corridor 
  • A- Rated Douglas County School District ranks 15 out of 180 in the state of Colorado 
  • Home values in immediate area average almost $900K making home ownership difficult  
  • Surrounded by popular retail, dining, and recreational amenities 

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Last updated
Nov 30, 2022