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Developer: Aspen Ridge sales strong; council authorizes timeline extension for Oakmont Hills multifamily
Summary
Oak Trust Development’s representative told council Aspen Ridge is nearing sellout, and the council directed staff to prepare a formal timeline extension for the Oakmont Hills multifamily component with a proposed start of Oct. 1, 2025 and completion Sept. 30, 2027.
The council heard an update on the Aspen Ridge / Oakmont Hills development area and directed staff to prepare a formal amendment extending the multifamily project timeline.
Norm Stevens, assistant city manager for administration, reviewed a history of the economic development agreement between the city and Oak Trust Development LLC, noting prior extensions, the 2017–2024 approvals and a 2024 amendment tied to the…
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