According to bizjournals.com, a proposed development for the area south of DIA could be on it’s way…
“A 2,900-acre development has been proposed for a portion of the 21,000-acre Aerotropolis area south of Denver International Airport, according to a release Monday sent by the development group, Aurora Highlands LLC.
The Aurora Highlands is a mixed-use development that could eventually grow to 5,000 acres, according to the release, home to 23,000 families as well as office, retail and industrial space and parks and recreation. Homes are anticipated to range in price from $200,000 to $1 million.
Aurora Highlands did not provide specific location of the development.
The project’s developer is listed as Aurora Highlands LLC, which was first registered with the Colorado Secretary of State’s office in early 2015.
The principals of the ‘have a combined proven track record of successful development of nearly 100,000 homes throughout the southwestern United States,’ according to the release, including a project called Shadow Creek Ranch near Houston.
According to that development’s website, it is a 3,500-acre master-planned community led by principals Gary Cook and Carlo Ferriera, but only Ferriera is involved in the Highlands Aurora project, a representative for the developer said.
The city of Aurora had received no plans for the development as of midday Monday, according to a city spokeswoman, but the plan needs approval from the Aurora City Council before it can move forward.
‘We told them that we weren’t going to engage in speculative negotiation,’ Aurora Mayor Steve Hogan told the Aurora Sentinel. ‘We needed to know what they were proposing before we were going to sit down and seriously talk about it, so it’s taken some time.’
Officials with Adams County could not be reached for comment Monday.
Discussions have been going on with Aurora city staff and elected officials since 2016, according to a representative for the development team. Some discussions took place in executive sessions, which are closed-door meetings.
Aurora Highlands LLC has proposed a public-private partnership with the City of Aurora and Adams County, according to the release, that will help provide transportation and access improvements, including interchanges with E-470 and I-70 and expansions of other arterial roads.
Other infrastructure additions, including water, electric, sewer and storm drains would also need to be built.
Several different financing mechanisms are being discussed, but the project must earn several approvals before a decision can be made. The announcement said the developer expects to break ground in fall 2017.
Representatives of Aurora Highlands met with the board of directors for the E-470 Public Highway Authority last summer to present “conceptual planning for a large-scale phased development comprising between 3,000 and 5,000 acres within the city of Aurora and Adams County,” according to the minutes of the Aug. 25 board meeting.
The plan presented to E-470’s board included Aurora Highland’s paying to relocate E-470’s central maintenance facility, as well as future roads, interchanges and related items, according to the minutes.
Hogan told the board the development was important to Aurora and would bring new traffic to the toll road.
The board voted to allow E-470’s executive director to reach an agreement with Aurora Highlands to have the developer pay for studies of the proposal’s feasibility.
An E-470 spokeswoman said Monday that ‘nothing has been formalized as of now. It is too early in the process to know if and where an additional E-470 interchange would be located or who would pay for it.’
A spokeswoman for Aurora Highlands said Monday that formal proposals will be submitted to CDOT and E-470 after the partnerships are finalized with Aurora and Adams County.
‘The nature of the developer’s public-private partnerships with the local governments are still under discussion,’ she said.”