What's Next for Washington Village

by Osman Parvez
----
Now that the developer has conditional approval, what's next for the project? It seems a push for sales given an upcoming deadline for closing.

From the Daily Camera:

There are still details to be figured out. The City Council approved the project on the condition that Leach wait to develop two of the single-family housing lots to give the city — or another buyer — a chance to purchase them and convert them into park space.

Leach said he's hoping neighbors — many of whom opposed the project — will urge the city to find the money. If a buyer doesn't emerge, Leach would be required to raze a library annex on the south side of the site to provide more open space.


But neighbors who opposed the project — which they argued wouldn't fit in their neighborhood — said they haven't given up fighting.


Given the location and organized opposition, I expect this project will remain in the spotlight for some time to come. We'll be watching closely.


image: Wonderland Hill Development


----
Like this analysis?    Subscribe to our client research report.     
Want to get blog updates via email?  Click HERE.       
Ready to buy or sell?  Schedule an appointment or call 303.746.6896. 
You can also like our Facebook page or follow us on Twitter.

As always, your referrals are deeply appreciated.  

--
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.