Hines and partner Trez Capital have broken ground on Parterre, a new master-planned community in Thornton that will include for-sale single family, paired homes and multifamily units, as well as a mix of commercial and retail uses. Spanning across nearly 800 acres, the development will feature nearly 3,000 residential homes in total.
Parterre will also include attainably priced housing that will cater to multiple segments of the housing market, as well as a plethora of parks, trails, gardens as well as a signature “Todd Creek Greenway,” the greenbelt of the community. Other amenities include a community amenity center with pool, gathering spaces, and work-out facility that cater to the Colorado lifestyle.
“We are thrilled to be starting construction on Parterre today,” said Chad Murphy, managing director at Hines. “With this project, we are creating a signature residential development for people, tenants, residents and neighbors to meet, gather, live, work and enjoy life for generations to come.”
Thornton is one of Denver metro’s most thriving submarkets, less than four miles east of I-25 near key shopping, entertainment and transportation. The property will offer the most diverse housing options, i
“We are excited to build upon our long-term relationship with Hines and bring Parterre, our 11th project together, to life,” said John D. Hutchinson, president, Central & Southwestern U.S., Trez Capital.
“We are pleased Hines is part of the continued growth in Colorado,” said Jan Kulmann, City of Thornton mayor. “With their experience in this market and other cities, Hines brings a unique ability to create a vibrant community that sets the standard for quality housing projects in the area.”
The talented team of premier homebuilders assembled for this new signature development include Taylor Morrison Homes and Lennar Homes. New homes are expected to open for sale beginning in late 2022.
Images courtesy of Hines