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Lone Tree 6-27-13

Lone Tree

Douglas County, Colorado • Volume 12, Issue 24

June 27, 2013

A Colorado Community Media Publication

ourlonetreenews.com And the winners are ... Look inside to find out who made Colorado Community Media’s list.

Lone Tree July 4 show will go on Event set to continue, with or without fireworks By Jane Reuter

jreuter@ourcoloradonews.com

already has. The work they did to keep the visual impacts as minimal as possible was painstaking and detailed, including photo simulations that showed Montecito rooftops stopping about halfway up the bluffs, Lone Tree Community Development Director Steve Hebert said. The 2000 city vote to annex the RidgeGate property was fueled in large part by a desire to protect the bluffs. The 250-acre Bluffs Regional Park is a Douglas County open space. Its loop trail includes connections to the East-West Regional Trail, South Suburban Parks and Recreation and Highlands Ranch trail systems. But, Hebert noted, “There is such a thing as private property rights. Coventry for many years worked with the county to get development rights up and around the

The show will go on in Lone Tree July 4, with or without fireworks. As of press time June 25, the City of Lone Tree had not decided yet whether it would cancel its annual display, but the other planned events at Sweetwater Park will be held regardless. “It’s a tough decision,” special events coordinator Lesley Johnson said. “The fireworks company is comfortable with moving forward, but we want to make the right decision. It will be a great event no matter what.” Highlands Ranch Community Association decided June 21 to postpone its display until the Oktoberfest celebration on Sept 21. Lone Tree joined most communities statewide in 2012, canceling its holiday fireworks and instead holding a separate celebration on Labor Day. The Liberty Dash 5K run/walk, sponsored by the Lone Tree Chamber of Commerce, starts the day with 7:30 a.m. registration, an 8:30 a.m. 1K fun run for kids and the 9 a.m. 5K in Sweetwater Park. Admission is $25 with discounts for seniors and other groups. To register or find more information, visit www.lonetreechamber.com. The 17th annual Independence Day Celebration begins at 3 p.m. with children’s bicycle decorating at the entrance to Club Terrace Drive, followed by a 4 p.m. bicycle

Bluffs continues on Page 12

Show continues on Page 12

Construction is just beginning at NorthSky, a 35-home development south of Prairie Sky Park at the base of the bluffs. Photo by Jane Reuter

Bluffs loved by developers, residents City says view corridors near new housing projects preserved By Jane Reuter

jreuter@ourcoloradonews.com Acres Green resident Paul Veal and his two dogs walk the trails in and around Lone Tree’s Bluffs Regional Park through sun, snow, thunderstorms and, of late, construction. Lots of construction. RidgeGate’s west side is nearing completion with a roar of activity, most of it along the bluffs Veal and others hold precious. Cabela’s and the commercial sites that adjoin it, the Montecito and NorthSky neighborhoods all are under construction along the bluffs. To make way for the projects and stabilize the land, developers on the three adjacent sites cut into the hillsides.

City officials said developers can only build to specific heights, a restriction designed to preserve view corridors. But to Veal, the views already are spoiled. “They completely destroyed the mountain behind the (Lone Tree) rec center for the homes, and the bluff on the other side to put Cabela’s there,” he said. “I’m not an environmentalist. But at the same time, I’m vested in that walk up there and the wildlife. When’s it going to stop?” Veal fears the impact on the animals he sees there, which include lizards, deer and in May, a mountain lion. “Every time I go up there, I see something new,” he said. “I think those animals are going to split. I think it’s going to take a lot away from what people are seeing and finding up there.” City officials say development won’t extend much farther up the bluffs than it

Chamber Real Estate Breakfast is eye-opener Panelists see market revival in south metro Denver area By Jane Reuter

jreuter@ourcoloradonews.com Panelists at the South Metro Denver Chamber of Commerce’s 18th annual Real Estate Breakfast forecast a happy future for those in the industry, as well as home sellers and the overall south suburban economy. “Clearly, the real estate market is recovering and strengthening, the residential market particularly,” Sterling Ranch principal Harold Smethills told an audience of about 500 gathered June 20 at Lone Tree’s Marriott Denver South. South Metro Denver Realtor Association chairwoman Jo Pellegrino Ellis ticked off a list of positive metro-area housing statistics, which showed from May 2012 to May 2013 new listings increased by 21.8 percent, sales by 22.5 percent, median home prices by 8 percent, and the days of buyers pitching successful low-ball offers are ending.

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“Total days on the market are down about 38 percent (to) about 47 days,” Ellis said, adding the average changes with location. “Some places in Highlands Ranch, they’re on the market for a number of hours.” Everitt Real Estate Center director Eric Holsapple echoed some of Smethills’ and Ellis’ optimism, noting that 60,000 new jobs are expected in Colorado in the next year. The bad news? “People are making less money,” Holsapple said. “I call it the Walmarting effect. Lower-price housing is really in demand. Housing starts are up, but only about 50 percent of where we were in 2006-07.” Holsapple and Ellis both said the anticipated rise in interest rates isn’t cause for fear, particularly for real estate agents. “When interest rates start to creep up a little bit, buyers really jump on the market,” Ellis said. A lack of temporary housing is creating roadblocks for some potential sellers, she said. “If my house sells in two days, will I have a place to go?” Ellis said. “Temporary housing, six-month leases, now even those are hard to find.” Smethills said the demand for types of housing is changing, however. The Millennials, also known as Generation Y and the echo boomers, are in their prime real es-

From left, Sterling Ranch principal Harold Smethills, Studley vice president Jim McGrath, South Metro Realtor Association chairwoman Jo Pellegrino Ellis and Everitt Real Estate director Eric Holsapple were panelists at South Metro Chamber’s June 20 breakfast. Photo by Jane Reuter tate buying years, with many singles seeking smaller housing units, while aging baby boomers want homes with main-floor master bedrooms. Meanwhile, a rise in multigenerational housing requires yet another housing type, he said. “All of this winds up making a large

amount of our (existing) real estate obsolete,” Smethills said. The availability of industrial space in the south metro area is tightening as more businesses move in, Industrial Property Realtor continues on Page 12


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