Boulder County Business Report – Real Estate Section – December 11, 2009
LONGMONT – In the midst of a turbulent residential real estate market,one Boulder-based homebuilder has found a way to grow its business. It’s taking over where others left off.
Boulder Creek Builders recently closed on a deal to acquire the Kingsbridge town home development in Longmont – a 134-home neighborhood left unfinished by Capital Pacific Homes.
Capital Pacific built and sold 22 homes at Kingsbridge, but because of broader companywide finance issues, it decided to sell the remaining 109 lots and three model homes to Boulder Creek for $1,787,000.
The project, located southwest of Clover Basin Drive and Airport Road, is a great opportunity for Boulder Creek, said co-owner David Sinkey. read more…
Boulder County Business Report – December 11, 2009