Construction to begin this summer on 125 new residences

Staff Report

Littleton-based Village Homes announced Friday it purchased the Cardiff Glen development in south Glenwood Springs.

The company stated in a news release that the purchase is the company’s latest along the Interstate 70 corridor. Village Homes is also building homes at Eagle Ranch in Eagle.

The company bought the Cardiff Glen property, along with its existing assets and plans from the previous developer, the news release said.

The development currently has approximately 60 occupied residences, pocket parks and an elementary school. The company said it plans to add an additional 125 residences, including single-family homes, townhouses and condominiums. The total value of the Cardiff Glen community will be approximately $50 million, the news release said.

Village Homes will build out the traditional neighborhood community according to existing development plans, but will alter the amenities in the homes to include items such as TECHTouch, which pre-wires the home, enabling homeowners to more easily manipulate and change the high-tech features in their home, the news release said.

New home sales and new construction for Cardiff Glen are scheduled to begin this summer.

Construction on single-family homes will begin in July, with house prices ranging from $270,000 to $320,000.

Construction on townhouses will begin in 2005, with prices starting at $270,000.

Construction on condominiums will begin in late 2005, with prices starting at $190,000.

Village Homes will work with Glenwood Springs real estate firm Mason & Morse for its brokerage services in the Cardiff Glen community. Village Homes will work with Glenwood Springs real estate firm Mason & Morse for its brokerage services in the Cardiff Glen community.