Condos go up in New Castle | PostIndependent.com
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Condos go up in New Castle

NEW CASTLE – Five years after being approved, construction of a condominium complex on the south side of the Colorado River off County Road 335 has begun.Located on the east end of CR 335 toward the Riverbend subdivision, the River Park condos will include 153 homes with a mix of one-, two- and three-bedroom units.According to Jeff Spanel, managing partner for Wintergreen Homes of Avon, which is managing the developer of the project, Riverside, New Castle LLC, the condominium complex will be built in four phases. The first building is slated to be completed by the end of 2006 and the first phase by March of 2007. The second phase will be started immediately afterwards.Town Council members approved the development five years ago, said Steve Rippy, community development consultant for the town.”At that time, we had very minimal townhomes or condo-type units, and from a planning standpoint, you want to make sure you have a good mix of different type housing units in your community.”The development changed hands over the years, and several amendments to the project were made. The developers have dedicated 13 acres of river frontage near the project to the town, which will eventually be made into a municipal park and a water park.”The developers are also donating $300,000 to develop the park, which we will use to apply for a matching GOCO grant,” Rippy said. “They are also in the process of reconstructing County Road 335.”Spanel said the first-phase buildings have already sold out. The second-phase units are currently listed from $181,000 to $235,000.”We’re characterizing it as entry-level housing,” Spanel said.


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