Boulder Creek Life and Home Secures Financing to Purchase Kingsbridge Community in Boulder County
New builders of West Longmont community to add green building practices to one of the best values in Boulder County
(Boulder, CO) – December 14, 2009 – Boulder Creek Life & Home (www.livebouldercreek.com) announced today that it has purchased the West Longmont townhome community of Kingsbridge from Capital Pacific Homes. Boulder Creek intends to add green building practices and energy efficient elements to the community, creating one of the best values in Boulder County for new construction. This acquisition grows Boulder Creek Life & Home’s total number of communities to six and illustrates its unique ability to withstand the difficult economy and continue to secure financing where most builders have struggled. Learn more about Kingsbridge at www.livekingsbridge.com
“Boulder Creek has utilized both private and public financing options to get this deal closed. This was possible because we have continued to outperform the market, paying down over 7.5 million in loans this year,” said Principal, David Sinkey. “Moreover, we have grown our company while others are contracting, adding people to our team from the fantastic pool of talent currently available in the marketplace and consistently impressing the banks by grabbing market share.”
Kingsbridge, part of the larger Longmont community of Renaissance, is a ten minute drive from Boulder and offers a price point rarely seen in the area that will appeal to first time home buyers eager to take advantage of the current tax incentive. Each home offers up to three bedrooms, two and a half bathrooms, a private, attached two-car garage, wonderful storage space and a myriad of features that can be personalized, all starting at $200,000. There will be four different two story plans available, ranging in size from 1,400 to 1,800 square feet. There will be one plan that features a bedroom on the first floor. Kingsbridge currently has 22 homes built and occupied. Boulder Creek will build and sell a total of 109 homes in the Kingsbridge community with construction starting immediately and the first homes likely to be completed in Spring 2010. There are currently three model Homes onsite. Marketing efforts for the new community will begin after the first of the year.
“We have been interested in purchasing a property in West Longmont for some time and when this opportunity arose, we couldn’t pass up the value and quality it offered,” said sales and marketing manager, Paul Gortzig. “We are eager to incorporate our unique flare into the property with green building techniques and the ability to personalize certain features and finishes. We expect these homes to be in high demand as they appeal to a wide variety of buyers looking for location, quality and a great lifestyle.”
About Boulder Creek Life & Home
Boulder Creek Life & Home www.livebouldercreek.com is an award winning, Boulder-based homebuilder, that creates innovative communities across the Front Range of Colorado that embrace green building practices, energy efficiency and a true sense of place. The company’s mission is to build homes that are more than just bricks and mortar, but are actually modeledaroundhow people aspire to live, thus appealing to the active lifestyle. Each of Boulder Creek’s five current communities Calmante, Heritage at Vista Ridge, Erie Village, Blue Vista and Shadow Grass Park, vary in size, price and concept, but have one common thread: they embrace quality craftsmanship and green building techniques and provide an unmatched lifestyle.