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Developer seeks to buy 30.66 acres for two-phase rental-home neighborhood; board to discuss letter of intent
Summary
Red Moon Development presented a nonbinding letter of intent to buy about 30.66 acres of district parcels for two phases of rental homes — 100 units per phase — and asked whether the board was willing to proceed to Sketch Plan and utility coordination.
PUEBLO WEST, Colo. — Christian Hein, district manager, presented a letter of intent Aug. 25 from Red Moon Development & Construction Inc. proposing to buy roughly 30.66 acres made up of 27 district parcels on the south side of a block in Pueblo West.
Hein said the LOI covers a first phase of about 100 homes and contemplates a second phase of another 100 homes on the north side. He described the proposed product as small single-family rental homes of about 1,400 square feet with 3–4 bedrooms on roughly…
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