Last week, I attended the Lone Tree Economic Forum with Jeff Holwell, Economic Development Director. Our Denver Metro Association of Realtors hosted the event so Realtors could understand the tremendous growth Lone Tree is experiencing. More than just one of the Denver suburbs, Lone Tree is now a City unto itself.
Luxury Homes in Lone Tree
Lone Tree, Colorado has really become a destination for clients looking for luxury real estate in the Denver suburbs. Just look at the luxury home communities and upscale attached homes. Some are even being built within a short walk to the existing and new light rail stations.
Affordable homes exist in The Fairways, Acres Green and other Lone Tree neighborhoods. New apartments in RidgeGate and near the light rail stations provide great options for Millennials and the middle class.
Lone Tree’s First Developer
Legendary and infamous Denver Developer Ken Good was the first see the potential of Lone Tree. He was first to develop residential homes there. Ken Good, with vision to build something from nothing, could see the potential in the Lone Tree area. He was a true Wild West character.
Now, The “Wild West” and Ken Good are moving into the 2018 version of what’s to come of Lone Tree, Colorado!
“Ken had a gambling streak. He won ’em and lost ’em,” long time friend Camille Roberts said about his real-estate deals. Good went bust more than once but would be thrilled to see Lone Tree as one of his winners. He passed away in 2014.
So, it is only fitting that Lone Tree has blossomed into a thriving suburban community that is quickly gaining the status of a Major Denver Satellite City. Able to move trains with a council meeting, attract major employers like Charles Schwab and now holding one of the “Keystone” parcels along light rail, Lone Tree’s Ken Good holds nothing but aces now.
With a tap into Denver Water on the west side of I-25 and a tap into Parker Water on the east side of I-25, Lone Tree is poised to launch into the 21st Century with all hands on deck!
Look At The Numbers
• Median Income: $110,000/Year
• Office Vacancy: 5.2% / Office Rent $29.61/SF • 2017 Retail Sales: $1.3B
• Average Single Family Home: $847,000
• Average Apartment Rent: $2030/Mo.
These numbers put Lone Tree in the Celebrity Circle. Employers such as Schwab, Century Link, Allstate, Kaiser, Public Service Credit Union and many more to arrive soon, create nothing but upside here.
To insure quality growth, Lone Tree has invested heavily with all kinds of infrastructure.
• C-470 Expansion
• County Line Road Expansion
• RidgeGate Parkway Expansion
• Lone Tree Pedestrian Bridge
• Lone Tree Link
• RTD Southeast Light Rail Extension opening in 2019.
And, certainly the list goes on.
Transportation, Employment, Parks and Growth
From conceptual plans at the “Old Sears Center” to New Construction in all quadrants of the City, Lone Tree is on the move!
With all this growth, planned growth and forecasting, Lone Tree has been even thoughtful enough to restore the old Schweiger Ranch into a public facility. And, of course, the Bluffs Regional Park is also popular with residents too.
The excitement here is unbridled. Check out this Lone Tree economic report I snagged at Lone Tree Economic Forum.
Do you want to know about the residential neighborhoods in Lone Tree. Let me send you information about them. Just use the form below. I can email you the Neighborhood Reports for Heritage Hills, Heritage Estates, The Fairways, RidgeGate, Carriage Club, Falcon Ridge, Monticito and Terra Ridge. They are all great residential neighborhoods.