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Developer offers land for park tied to proposed 165-unit senior housing on Plaza Drive
Summary
Shea Properties offered to donate roughly two acres adjacent to a proposed 165-unit affordable senior housing project on Plaza Drive in exchange for the District reimbursing park construction costs estimated at $2.3–$2.5 million; staff will return next week seeking board direction.
A developer has offered land for a neighborhood park in a proposed affordable senior housing project on Plaza Drive, Highlands Ranch Metropolitan District staff told the board at a Feb. 18 study session.
General Manager Stephanie Stanley said Shea Properties plans a 165-unit affordable senior apartment project and has offered to donate approximately two acres adjacent to the development for a new park. Under the proposed arrangement, Shea would construct the park and the District would reimburse construction costs, which staff estimated at $2.3 million to $2.5 million and suggested…
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