California-based Pacific Ventures Management LLC, in conjunction with Avanti Properties Group, has acquired the Horizon Uptown master-planned community in Aurora. Pacific Ventures will be the master developer and responsible for the development, management and future planning of the community.
Horizon Uptown is strategically located at the intersection of I-70 and E470, providing easy access to Denver International Airport, downtown Denver, the Fitzsimons Innovation Community, the Denver Tech Center, and various regional entertainment venues. Spanning 503 acres, Horizon Uptown is envisioned to house approximately 3,000 residences, offering a diverse mix of single-family and attached for-sale and rental homes. The community also boasts an approved plan for a robust commercial hub, including retail, office, medical, and other mixed-use spaces. Complementing the residential and commercial offerings, Horizon Uptown will feature a network of parks and recreational facilities, a K-8 school within the Aurora Public School District, and a new fire station.
The initial phases of Horizon Uptown, comprising 654 lots and 350 multifamily units, have already been developed and sold to various home builders and apartment developers by the previous master developer. The existing community park, complete with a dog park, children’s playground, tennis courts, and a trail system, sets a strong foundation for the community’s continued growth.
Currently, national homebuilder Meritage Homes is actively selling two neighborhoods in Horizon Uptown, with DR Horton poised to open an additional two neighborhoods in the coming months. Additionally, Ascend at Horizon Uptown is now leasing luxury apartment homes, offering an array of on-site amenities such as a resort-style pool, fitness club, workspace, and more.
Pacific Ventures is no stranger to assuming master developer responsibilities for communities in progress. In 2015, the company was appointed by Oaktree Capital Management LLC as the new master developer for Summerly, a partially developed 1,677-home community in Lake Elsinore, California. Similarly, in 2020, Pacific Ventures was retained by Tricon Residential as the master developer for Bedford, a partially developed planned community of 1,543 homes in Corona, California. Bedford’s recent accolades, including the “Master-Planned Community of the Year” at the 2023 Southern California MAME Awards and a 2024 National Silver Award for “Master-Planned Community of the Year” from the National Association of Homebuilders, underscore Pacific Ventures’ expertise in crafting quality communities.
The acquisition of Horizon Uptown represents a new opportunity for Pacific Ventures to apply its extensive experience and innovative approach to a community already in motion. “Horizon Uptown is another opportunity for our team to transition into a community part-way through its lifecycle and bring a fresh set of ideas and disciplined management to create a great community,” said Mark Kehke, Founder and CEO of Pacific Ventures.
The transaction was facilitated by Greg Vogel, Wes Campbell and Max Xander with Land Advisors Organization, who represented the seller.