Massive residential, commercial, office and retail development in Lone Tree will follow the opening of 3 new light rail stations at RidgeGate. The southern-most extension of the Denver light rail will open on May 19th. And, those new rail stations will bring more development and a downtown area to Lone Tree.
The new plan eventually will create a new Downtown Lone with shops, municipal buildings and apartments or condos above retail and restaurants. But, that is not in the likely to happen in the next 5 years.
However, shortly after the new RidgeGate Light rails stations open , more developments will begin right away on both sides of Interstate-25 inside RidgeGate at Lone Tree. The west side of RidgeGate is already mostly built-out. Skyridge Hospital, Lone Tree Recreation Center, shops, restaurants and the Target Superstore already are operational there. Also, Lone Tree residents already enjoy the new public library and the Lone Tree Center for the Preforming Arts. In addition, major employers such as the regional headquarters for Charles Schwab employ thousands in RidgeGate.
Light Rail Expansion Will Create “Downtown Lone Tree
But, the new expansion of the light rail to the south and east will break ground on both sides of the Interstate. Because, the light rail will expand RidgeGate into what is now vacant fields east of the highway. The new RidgeGate interchange at I-25 allows residents and commuters to exit directly to either side of I-25.
Only the Skyridge hospital stop will open in what is now known as RidgeGate west of the Interstate highway. Two more stops on the east side will create the lion’s share of new development. Because, that will include a Town Center complete with municipal offices, a retail streets cape with housing above and single-family homes. Right now, Lone Tree lacks a defined downtown area.
Immediately, Douglas County residents will be able to commute to a gigantic Park-N-Ride structure located at the southernmost light rail station.That structure will offer free parking for commuters using the light rail from there after May 19th.
That should attract downtown commuters from Parker, Castle Rock and points south. eventually, homes in the “Southern Villages” will surround that station for even more commuting by light-rail But, Southwest Village will be first residential housing and first development on the east side. It will be located south of RidgeGate Parkway which now leads into the adjoining suburb of Parker. Eventually, some 12,000 homes will be built along with 600 acres of trails and open space.
The town Center will eventually follow with donated land for the municipal building and parks. That City Center will have its own light rail stop too. And, retail and office space will be the centerpiece. Residential apartment/lofts are also planned there.
Kiewit Construction To Open New Headquarters.
Kiewit , one of north America’s largest construction companies, will open its new national headquarters in RidgGate. Kiewit’s new headquarters will initially employ over 1100 people. Best of all, Kiewit has already pledged that at least 850 of those jobs will pay over $108,000 per year. That should boost the Lone Tree housing market in RidgeGate and in nearby subdivisions such as Heritage Hills and Heritage Estates.
Kiewit will be located adjacent to Skyridge Medical Center. The new facility will cost more than $55m. Kiewit helped with construction of Union Station and the new I-70 reconstruction project. That project has a $1.2b contract. All of that shows just how much growth Kiewit expects throughout the Denver metropolitan area.