Ashton Woods, the rustic’s biggest privately held homebuilder based totally outdoor Atlanta, has received land in metro Denver and plans to start promoting new properties beginning subsequent yr.
“We’ve been regularly on the lookout for alternatives to transport out West and we’ve got been maintaining a tally of the Denver marketplace,” mentioned Lindsay Motley, an Ashton Woods regional president based totally in Austin, Texas.
Ashton Woods
Ashton Woods, a house builder based totally outdoor Atlanta, has employed development veteran Shannon Robbins to go up its enlargement into Colorado’s Entrance Vary. Robbins has organized two land purchases with a number of extra are deliberate. House gross sales will have to get started subsequent yr. (Supplied through Ashton Woods)
A number of the issues that attracted the corporate to the Denver space have been the area’s inhabitants and task expansion, its reputation amongst the ones relocating, an “remarkable way of life” and an appreciation for design. Beginning with metro Denver, Motley mentioned the corporate will construct properties in each current master-planned communities and in communities it creates in a band extending from Citadel Collins to Colorado Springs.
Ashton Woods operates underneath two manufacturers: Ashton Woods Properties, focused on move-up patrons, and Starlight Properties, which markets to entry-level patrons.
The corporate is in 13 Sunbelt markets from Florida to Arizona and its newest enlargement marks the primary foray right into a less warm local weather. The homebuilder has employed Colorado local and College of Colorado graduate Shannon Robbins as its vice chairman of land acquisition and has signed two land offers out there with others in development.
“Operating on this trade for over 20 years, I used to be smartly acutely aware of Ashton Woods’ considerate, design-centric method to homebuilding,” Robbins mentioned in a free up. “I consider we’re smartly situated for good fortune within the Denver marketplace, and I’m having a look ahead to enjoying a key function within the subsequent bankruptcy of the Ashton Woods expansion tale.”
Motley mentioned the corporate, which puts a heavy emphasis on design, will be certain what it builds is “in unity with the Denver panorama and architectural kinds.”
Ashton Woods, based in 1989, has been rising hastily. Zonda’s Builder mag known the corporate as its 2023 Builder of the 12 months, bringing up a 10-year expansion in gross sales from $300 million a yr to $3 billion a yr.
Ashton Woods will move head-to-head in Denver with one of the nation’s biggest manufacturing developers, together with D.R. Horton, Lennar Corp., PulteGroup, Toll Brothers and Meritage Properties. Denver may be house to Richmond American Properties, which Jap builder Sekisui Space received in January 2024 for $4.9 billion.
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