North of Castle Rock, the Canyons South community has been purchased by an affiliate of Denver-based Cooper Investment Group. The site has been approved for 698 upscale single family residences, an 18-hole golf course and a country club.
Prices are expected to be in the $500k to $1 million plus range. The developer expects to make the first lots available to the builders late in 2006. The total build out time of the neighborhood is expected to take about 10 years.
Considering the excellent location of the property and the expected diversity of the neighborhood, this project will be one that does well.