It has taken awhile for Clifton to recover from the Great Recession. When new construction first began picking up in other parts of the Grand Valley in the last few years, builders remained hesitant about building in Clifton. Commercial projects were slow, as well. The tide is turning, however, and both residential and commercial activity in Clifton have increased.
Ed Lenhart bought a piece of raw land in 2005 that he hoped to turn into a condominium development. When the real estate market started a downward trend a few years later, he put his plans on hold.
“I held onto it all this time,” Lenhart said, adding that he began taking the project back through planning a few years ago. “I looked at the market and thought that it couldn’t get any worse, so it would have to get better.”
During the intervening years, his project changed from a condo development to a single-family development of 21 homes, which took three years to get back through the planning process. He started infrastructure construction in January, 2017, and built and entered the model home for the neighborhood in the 2017 Parade of Homes. He also has two other spec homes under construction at Sagewood Estates, the name of the Clifton development.
“Traffic was good,” Lenhart said about the parade. “We got one home under contract and are expecting a contract on the other one.”
Developers hope to receive final approval to begin Palisade Legends on this site off D 1/2 Road, which is the former Roice-Hurst animal shelter property. Palisade Legends will have 36 cottage-style homes, with a large community center and other neighborhood amenities.
Continue reading about housing and real estate in Clifton, Colorado.