PUEBLO — Sprout Tiny Homes, Inc., an industry leader in designing, manufacturing, and developing state-of-the-art Zero Energy ready homes, has successfully closed on the purchase of Phase 1A totaling 54.13 acres of land in North Vista Highlands, a new zero energy ready residential community in Pueblo that will include some commercial mixed-use development.
The Phase 1A purchase includes an approved site plan totaling 162 lots for single-family homes, town homes, and commercial mixed-use residential units.
“This milestone represents a strategic and diversified revenue opportunity in our business model from being a home manufacturer to a full scale developer through lot and home sales,” stated Rod Stambaugh, president of Sprout. “We believe and interest is confirming that modern, zero energy ready, chemical free homes in a $250-290k price range will appeal a wide homebuyer market. We are excited to lead the development of Colorado’s first zero energy ready housing development at an affordable price point. We have already received interest from builders, real estate brokers, home buyers and have invited forward-thinking builders to join our vision of delivering affordable, zero energy ready homes. The quality, energy efficiency, efficient use of space, adoption of new HVAC technology and home automation will establish a high bar as our next generation of affordable housing debuts in Pueblo.”
Pueblo is well positioned as the next rapid growth area of Colorado with a moderate climate, plenty of water for growth, growing colleges, excellent healthcare and a favorable economic climate for companies wanting to establish a Colorado presence. Sprout relocated to Pueblo in June of 2018 to expand its manufacturing operations.
North Vista Highlands is 1060 acres of land in the City of Pueblo with approved zoning for 4,850 residential units and 1,225,000 square feet of retail/commercial. The Metro District Service Plans were approved by the City of Pueblo and are now operational. The development of the property is described below.
Development Area 1 – The development of 750 lots for sale to builders for single-family homes ranging from $180,000 to $325,000 located near the intersection of Vision Hills (formerly 47th) and Walking Stick Boulevard. Development Area 1 includes four phases and the site plan for Phase 1A consisting of 162 units and 43,000 square feet of commercial/retail space. The Phase 1A plat was approved by the Pueblo City Council in January 2019.
Development Area 2 – The formation of the metropolitan district will finance significant infrastructure and pave the way for the development of 4,100 residences and 1,225,000 square feet of commercial/retail space. This will include all types of residential, multi-family, commercial, and retail development, in addition to an active adult community, a state of the art dementia and memory center, and a full range of assisted care facilities
Photo courtesy of North Vista Highlands