Plans are underway for the construction of nearly 130 single-family and duplex homes in the growing Colorado city of Golden.
The project belongs to the company NexMetro Communities, which is based in Phoenix, and expects to spend around $70 million building the new residential community.
The project will go up on a 16-acre site in the 5400 block of McIntyre Street that NexMetro purchased for just over $5 million, and will see the building of one-, two-, and three-bedroom homes.
NexMetro also plans to build such community amenities as a swimming pool, barbeque area, dog park, and walking trails.
Each of the homes will additionally have private backyards.
Work on the project is not expected to begin until the summer or fall of 2025, with a rough completion date of sometime the following year.
Launched in 2012, NexMetro has made a name for itself specializing in built-to-rent housing. In its first decade it put up well over 5,000 units of housing, announcing earlier this year that it had surpassed the $2 billion mark in invested capital.
In a profile of the company published this summer by the site Due Diligence, it was noted that build-to-rent homes are “purpose-built in a contiguous community and run like an apartment complex, with on-site property management and shared amenities such as a swimming pool and clubhouse.”
Besides the metro Phoenix market, NexMetro has built extensive communities in Dallas, Denver, and Tampa, among other locations.
By Garry Boulard
