Peak Development Group Assumes Ownership of Colorado’s First Geosolar Community
Peak Development Group, a Denver-based real estate developer focused on well-located and unique residential, commercial, hospitality and multi-family projects, announced the firm has acquired Colorado’s first geosolar community, Geos Neighborhood, in Arvada. Peak Development, in partnership with co-developer Laudick & Laudick Engineering, LLC, plans to complete the public infrastructure and partner with the local homebuilding community to develop 215 additional net-zero homes over the next two years.
“Geos is setting a new standard for sustainable living in Colorado,” said Chad Ellington, Peak Development Group lead. “As a first-of-its-kind community here, we plan to build upon the project’s sustainability-driven vision by introducing a thoughtful mix of uses while at the same time bringing much-needed attainable housing to a desirable location in the Denver market.”
Geos is at the forefront of sustainable development, with design that aims to produce as much energy as it consumes at a total cost that’s equal to or less than ordinary built-to-code communities. Combining traditional village living with advanced design and building practices, the community features net-zero energy-equipped homes that are efficiently ventilated, heated, cooled and powered by solar photovoltaics (PV), effectively eliminating utility bills for homeowners. The homes are also strategically positioned not only to connect residents in pocket neighborhoods, but to also maximize solar access.
The 10-block community is designed for a pedestrian lifestyle with front porches, tree-lined sidewalks, corner stores and neighborhood services that are easily accessible. The neighborhood also features edible landscapes, including community gardens and local food sources, along with water-conscious design for parks, rain gardens and streetscapes that help manage stormwater.
Construction of new infrastructure is expected to begin in early 2021 and home construction will be underway by mid-2021. The first phase of the project, which includes a block of 35 homes, is projected to be built out in early 2021. In total, the community will include nearly 250 homes comprised of a mix of townhomes, duplexes, row homes and single family.
Photo courtesy of GEOS