Pike Construction Co LLC Has Announced Thrive at Montvale Senior Living Community in Montvale, NJ Has Been Awarded Two 2022 SHN Architecture & Design Awards

January 23, 2023
Thrive at Montvale

PATERSON, N.J., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Thrive at Montvale is an innovative state-of-the-art senior complex with luxury design features that encourage social interaction. Pike Construction, Co. LLC, was the General Contractor of this development and Co-Developer, along with Thrive Senior Living. The Architectural team of HQW Architects of Sparta, NJ, and Reach Architects of Austin, Texas, provided architectural design services.

Thrive at Montvale took second place honors in the Assisted Living Category and also earned a second-place award for the Independent Living category. The independent living category includes all newly developed rental senior housing or senior apartments.

Thrive at Montvale is a 215,000 sq ft facility comprised of 203 rental units, 90 independent living units, 81 assisted living units, and 32 memory care units.

The facility is the first partnership project between Thrive Senior Living, Atlanta, GA, and Pike.

Pike is a family-owned company based in Paterson, New Jersey. Pike is a general contracting and real estate development firm established in 1958. Since its inception, the company has built more than 15,000 senior housing units ranging in project size from $10 million to over $150 million in total construction costs.

Clay Town Center Wins Master Planning Award

January 17, 2023
Clay Town Center

MIDDLEBURG, Fla., Jan. 02, 2023 (GLOBE NEWSWIRE) -- Clay Town Center is the proud recipient of the 2022 Master Planning of Land Areas award, presented by the Florida Planning and Zoning Association (FPZA).

Presented at the 2022 awards banquet in Jacksonville, the FPZA Master Planning of Land Areas award recognizes the collaborative effort of Paradigm Development Partners, Kimley-Horn and Associates, and local planning and zoning leaders to bring the Clay Town Center vision to life.

Celebrating exceptional land development in Florida's public and private sectors, the FPZA award honors individuals, firms, companies, or public agencies that exhibit outstanding compatibility, aesthetics and design, as well as land planning innovations, protection and preservation of natural resources, and sustainability. The FPZA operates 12 local chapters across Florida. Visit www.fpza.org for more information.

About: Clay Town Center is a collaborative effort between land developers and community leaders to provide an up-and-coming development in the heart of Clay County, Florida. Featuring a variety of dining, retail, hospitality and storage solutions for the growing community, these new spaces offer professional businesses better opportunities to reach the surrounding area while giving the community one centralized location for their various needs. At present, approximately 35% of the Clay Town Center parcels are in active development, with a projected completion date of 2025. Please visit www.claytowncenter.com to learn more.

LGI Homes Opens New Community in the Richmond Market

January 9, 2023
LGI Homes, Inc.

NORTH PRINCE GEORGE, Va., Dec. 28, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced further expansion into the Richmond market with the opening of its newest community, The Meadows at Prince George.

Located just twenty-five miles south of Richmond, near I-295 and I-95, The Meadows at Prince George provides easy access to grocery stores, shopping, fantastic dining opportunities and an array of amenities. Minutes from the community, residents have a variety of incredible parks to explore including Hopewell Riverside Park, The James River National Wildlife Refuge and Powell's Creek Nature Trail. In addition to these fantastic area amenities, homeowners will enjoy a 4-acre community park featuring a children's playground and picnic pavilion.

About LGI Homes, Inc.
LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America's fastest growing companies, LGI Homes has a notable legacy of more than 19 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 20 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes' commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA's 2022 Cultural Excellence Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at www.lgihomes.com.

More Details Emerge in Fatal Charlotte, N.C., Scaffold Collapse

January 4, 2023
Derek Lacey & Jim Parsons - Engineering News-Record

Details have emerged in the Jan. 2 scaffold collapse at an under-construction apartment high-rise in Charlotte, N.C. that killed three workers and injured two. A work suspension continues during an investigation led by the North Carolina Dept. of Labor's Occupational Safety and Health Division. 

Reprinted courtesy of Derek Lacey, ENR and Jim Parsons, ENR
Mr. Lacey may be contacted at laceyd@enr.com

Industry Trailblazers Michael Battaglia and Leonard Miller Receive Nomination for Renowned California Homebuilding Foundation Hall of Fame

December 26, 2022
Randy Carver - Building Industry Association of Southern California

IRVINE, CA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- The Building Industry Association of Southern California (BIASC) has announced the nomination of industry trailblazers Michael Battaglia and Leonard Miller to the prestigious California Homebuilding Foundation Hall of Fame. The annual Hall of Fame distinction honors outstanding leaders in the homebuilding industry while supporting the Foundation's investment in scholarships, research, and education.

A fourth-generation homebuilder, Battaglia is currently Southern California Division President for The New Home Company. Throughout his longstanding career, Battaglia has developed more than 1,500 homes throughout Southern California, and is continually revered for his exemplary, team-focused approach to homebuilding. Battaglia has held several significant industry leadership positions, including Chair of the California Building Industry Association and its Government Affairs Committee, Chair of BIASC, Vice-Chair of its Government Affairs Committee and Chair of its PAC.

As CEO of BrightSky Residential, a Build-to-Rent homebuilder, Miller is an innovative leader in enhancing customers' 360-degree experiences – from forging the most forward-thinking new home designs for today's discerning buyers to developing systems that continually elevate customer service and satisfaction. In his former positions at Richmond American Homes and The New Home Company, Miller led his teams to become #1 in the nation for positive buyer experiences, a testament to his skill and dedication. Miller has also held several industry leadership positions, including BIASC Chair, Board President of BIA's Riverside County Chapter, and Board Member of its Orange County Chapter.

US New-Home Sales Unexpectedly Rise, Driven by Demand in South

December 18, 2022
Reade Pickert - Bloomberg

Sales of new US homes unexpectedly rose in October, largely driven by an increase in the South and likely representing a pause in an otherwise weak housing market.

Purchases of new single-family homes increased 7.5% to an annualized 632,000 pace last month after falling in September, government data showed Wednesday. The median estimate in a Bloomberg survey of economists called for a 570,000 rate.

Toll Brothers Reports FY 2022 4th Quarter Results

December 13, 2022
Toll Brothers

FORT WASHINGTON, Pa., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation's leading builder of luxury homes, today announced results for its fourth quarter ended October 31, 2022.

FY 2022's Fourth Quarter Financial Highlights (Compared to FY 2021's Fourth Quarter):

  • Net income and earnings per share were $640.5 million and $5.63 per share diluted, compared to net income of $374.3 million and $3.02 per share diluted in FY 2021's fourth quarter. As previously disclosed, net income in the fourth quarter includes a $138.4 million net pre-tax benefit primarily related to the settlement of the Company's claims associated with a natural gas leak that occurred in Southern California in late 2015.
  • Pre-tax income was $841.1 million, compared to $499.7 million in FY 2021's fourth quarter.
  • Home sales revenues were $3.6 billion, up 21% compared to FY 2021's fourth quarter; delivered homes were 3,765, up 13%.
  • Net signed contract value was $1.3 billion, down 56% compared to FY 2021's fourth quarter; contracted homes were 1,186, down 60%.
  • Backlog value was $8.9 billion at fourth quarter end, down 7% compared to FY 2021's fourth quarter; homes in backlog were 8,098, down 21%.
  • Home sales gross margin was 26.9%, compared to FY 2021's fourth quarter home sales gross margin of 23.5%.

Douglas C. Yearley, Jr., chairman and chief executive officer, stated: "Despite the many challenges facing our industry over the past year, we delivered record results in FY 2022, closing the year with our strongest quarterly earnings ever. In our fourth quarter, we delivered 3,765 homes, generated home sales revenues of $3.6 billion and increased earnings by 86% to $5.63 per share diluted as compared to Q4 2021. Driven by the strong pricing in our backlog, our fourth quarter adjusted gross margin was 29.0%, a 310-basis point increase compared to Q4 2021, and our fourth quarter SG&A expense, as a percentage of home sales revenues, improved by 110 basis points over Q4 2021 to 7.7%. For the year, we delivered over 10,500 homes and grew home sales revenues by 15.2%, posted an adjusted gross margin of 27.5%, decreased SG&A margin by 80 basis points and improved our return on beginning equity by 720 basis points to 24.3%. We earned a record $10.90 per share diluted and increased our book value to $54.79 per share. I am pleased with these results and proud of the extraordinary efforts of the entire Toll Brothers team.

Hard-Hit Homebuilders Soar Most Since April 2020 on CPI Data

December 5, 2022
Breanna Bradham & Norah Mulinda - Bloomberg

D.R. Horton Inc., Lennar Corp. and other homebuilder companies’ shares staged the biggest rally in more than two years as a slowdown in the pace of inflation fueled bets that the Federal Reserve will start dialing back the pace of its interest-rate hikes.

Reprinted courtesy of Breanna Bradham, Bloomberg and Norah Mulinda, Bloomberg

Dodge Forecast: Pace of Construction Starts to Flatten Out in 2023

November 28, 2022
Alisa Zevin - Engineering News-Record

Overall construction starts are expected to be flat in 2023, following a 17% increase in 2022, Richard Branch, chief economist at Dodge Construction Network, said during the 2023 Dodge Construction Outlook. Branch presented the outlook on Nov. 15, noting that the forecast assumes the U.S. will narrowly avoid recession.

Ms. Zevin may be contacted at zevina@enr.com

Woodside Homes Received the Building Industry Association's Highest Accolade of "Build Of The Year" on November 10th

November 21, 2022
Woodside Homes

RIVERSIDE, CA, Nov. 19, 2022 (GLOBE NEWSWIRE) -- Woodside Homes, one of the top 35 homebuilders in the U.S. and a wholly owned subsidiary of Sekisui House, Ltd., has earned the top accolade of "Builder of the Year" by the BIA Riverside County Chapter. The association formally recognized Woodside Homes as the recipient of this honor on November 10, 2022, at the Chapter Awards and Installation, "Celebrating an Industry Built on Resilience," to held at the Riverside Mission Inn.

"Resilience is a driving force of our industry – and more than ever, it defines the strength, determination, and passion behind every Woodside Homes employee and our many consultants and trade partners," said Chris Chambers, President of Woodside Homes, Southern California. "We are deeply honored to be recognized by our homebuilding peers at this year's annual event, where we acknowledge and embrace the power of resiliency within our noble industry."

About Woodside Homes
In 2022 Woodside Homes begins its 45th year in the business of designing and building homes for move-up and entry-level buyers. The company has sold more than 45,000 new homes since its inception and is the 34th largest homebuilder in the United States. Woodside Homes is dedicated to delivering an exceptional experience to every customer and acting as a trustworthy, knowledgeable guide throughout home buying, building, and ownership process.

Sixth and Guadalupe Mixed-Use Tower Tops Out as the Tallest Tower in Austin

November 15, 2022
PR Newswire

AUSTIN, Texas, Nov. 1, 2022 /PRNewswire/ -- Standing taller than any current building in Austin, Sixth and Guadalupe has topped out at its final height of 865 feet. This much-anticipated milestone has been two and a half years of a steady vertical climb and was met successfully, even with a backdrop of skilled labor shortages, a pandemic, and market inflation.

Sixth and Guadalupe is owned and managed by Kairoi Residential, Lincoln Property Company, and DivcoWest. Construction is led by JE Dunn Construction and designed by Gensler.

"To accomplish the top out of Sixth is big for this team and for me personally," said Steve Welton, Vice President, and Project Executive for JE Dunn, and who has been a leader on the project since it was awarded to JE Dunn in late 2017. "This project challenged our team and has truly taught us the meaning of accountability, teamwork, client and design team alignment, and honestly, why we choose to work in construction. I'm so proud of our people."

Two Bright Spots in a Cooling Housing Market

November 7, 2022
Conor Sen - Bloomberg

Surging mortgage rates and uncertainty about the economy have put the housing market on ice. Mortgage purchase applications dropped Wednesday morning to their lowest level in 25 years and single-family housing starts will soon be down 20% on a year-over-year basis. Historically, a drop of more than 20% in single-family housing starts has meant pretty good odds for an overall recession.

Yet the US economy added 263,000 jobs in September. And while the labor market is somewhat cooler from earlier in the year, it's a long way from anything that could be characterized as weak.

Great Place to Work Names Tri Pointe Homes as One of Fortune's Best Workplaces for Women in 2022

November 1, 2022
Tri Pointe Homes

INCLINE VILLAGE, Nev., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the U.S., has been recognized as one of the 2022 Best Workplaces for Women™ by Fortune Magazine and Great Place to Work®. This is the homebuilder's third Best Workplaces accolade for 2022—recently being honored as a Best Workplace in Construction™ for 2022 and Fortune's Best Workplaces for Millennials™ for 2022.

In the 2022 Great Place to Work® survey, 95% of Tri Pointe Homes' women employees said Tri Pointe Homes is a great place to work, which is 5% higher than the average for Fortune's 100 Best Companies to Work For.

About Tri Pointe Homes®
One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company and a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities in 10 states, with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards, most recently in 2019. The company made Fortune magazine's 2017 100 Fastest-Growing Companies list, was named as a Great Place to Work-Certified™ company in both 2021 and 2022 and was selected by Great Place to Work® as a Best Workplace for Millennials™ in 2022 and a Best Workplace in Construction™ company in 2022. For more information, please visit TriPointeHomes.com.

Meritage Homes Releases Second Annual Environmental, Social and Governance Report

October 24, 2022
Meritage Homes

SCOTTSDALE, Ariz., Sept. 29, 2022 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the seventh-largest public homebuilder in the U.S., today announced the release of its second annual Environmental, Social and Governance (ESG) report. The comprehensive review of 2021 covers the Company's sustainability and governance practices, diversity, equity and inclusion (DE&I) efforts, and milestones achieved during the year.

Building off last year's inaugural greenhouse gas emissions inventory, Meritage is the first U.S. public production builder to issue a Task Force on Climate-Related Financial Disclosures (TCFD) report, which outlines the Company's climate risks and opportunities. As an official TCFD supporter, Meritage is aligned with the organization's recommendations to build a more resilient financial system through climate-related disclosure. The Company also included Equal Employment Opportunity (EEO-1) disclosures for the first time in this ESG report, which provides a standardized demographic breakdown of its workforce.

For more information on Meritage's ESG initiatives and to view the full 2021 ESG report and 2021 TCFD report, visit: https://investors.meritagehomes.com/environmental-social-and-governance/....

About Meritage Homes Corporation:
Meritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2021. The Company offers a variety of entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. For more information, visit www.meritagehomes.com.

ABC's Contractor Confidence Rebounds; Construction Backlog Indicator Flat in August

October 17, 2022
Associated Builders and Contractors

WASHINGTON, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Associated Builders and Contractors reports today that its Construction Backlog Indicator remained unchanged at 8.7 months in August, according to an ABC member survey conducted Aug. 22 to Sept. 7. The reading is a full month higher than in August 2021.

View ABC's Construction Backlog Indicator and Construction Confidence Index tables and graph for August 2022.

Backlog is down from the levels of the second quarter of 2022 but remains higher than at any point from March 2020 to March 2022. While the CBI reading fell for contractors in the South in August, it remains the U.S. region with the lengthiest backlog.

ABC's Construction Confidence Index readings for sales, profit margins and staffing levels increased in August. The index for profit margins bounced back into positive territory while the sales and staffing level indices remained above 50, indicating expectations of growth over the next six months.

Toll Brothers Co-Founder Robert I. Toll Passes Away, Leaving Unmatched Legacy of Excellence in the Home Building Industry

October 10, 2022
Toll Brothers

FORT WASHINGTON, Pa., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation's leading builder of luxury homes, today announced the passing of Robert I. Toll, the Company's Co-Founder, and former Chairman and Chief Executive Officer. He passed peacefully surrounded by his family following a long battle with Parkinson's disease. He was 81. Bob Toll was an iconic industry leader who leaves behind an incredible legacy as a founder of one of the nation's largest home builders and most admired luxury brands.

"We are heartbroken by the passing of our founder, mentor, and dear friend," said Douglas C. Yearley, Jr., Chairman and CEO of Toll Brothers. "All of us who were lucky enough to spend time with Bob have been forever impacted by his huge heart, unique sense of humor, zest for life, and profound intelligence. Bob was a brilliant strategist and an incredible teacher and advisor. His lessons have been indelibly etched over the past half century in the minds of the entire Toll Brothers team and many of the industry's current and future leaders."

Toll Brothers, Inc., A FORTUNE 500 Company, is the nation's leading builder of luxury homes. The Company was founded 55 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL." The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, golf course development, smart home technology, and landscape subsidiaries. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations.

Diversity in Construction to be Celebrated by 100,000 People on Turner Jobsites and Offices

October 3, 2022
Turner Construction Company

NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Turner Construction Company is a founding partner of Construction Inclusion Week, which brings members of the construction industry together to advance diversity, equity, and inclusion.

During Construction Inclusion Week, October 18 – 21, Turner will connect with 100,000 people from approximately 9,000 companies who work on its' projects each day. People will come together to learn from one another and renew commitments to take action to maintain a safe and inclusive work environment. Participation in Construction Inclusion Week furthers Turners' efforts to make positive change in the industry for generations of workers to come.

The company has established a 2030 vision to reflect the diverse communities in which we build, and to achieve equal representation at all levels of the company. Reaching the 2030 vision starts with how the company recruits and grows a talent pipeline. Efforts are focused on creating meaningful partnerships, including committing $15 million by 2030 in support of scholarships, grants, pre-college STEM programs and other initiatives. Turner's 2021 Diversity, Equity, and Inclusion Impact Report highlights its' commitments and progress.

US Housing Starts Rise Unexpectedly Though Building Permits Drop

September 26, 2022
Augusta Saraiva - Bloomberg

New US home construction rose unexpectedly in August, though the slowest pace of building permits in more than two years underscores how higher mortgage rates are weighing on demand.

Residential starts increased 12.2% last month to a 1.58 million annualized rate, led by a jump in multifamily projects, according to government data released Tuesday. The pace of starts topped all estimates in a Bloomberg survey of economists.

Applications to build, a proxy for future construction, declined to an annualized 1.52 million units, the fewest since June 2020.

Affordable Housing Developers Look to the White House for Help

September 18, 2022
Kriston Capps & Sarah Holder - Bloomberg

Building new affordable housing has always taken a dizzying combination of funding sources to make the budget pencil out. Now the math has gotten even more complicated, as supply-chain disruptions, inflation and a shortage of construction workers drive costs up and extend development timelines.

“Everything is taking longer,” says Aaron Pechota, executive vice president of development and head of affordable housing at the NRP Group, one of the largest affordable housing developers in the US. “Everything is getting more complex as you add more funding. And that all translates into higher costs, which ultimately translates into less units being produced.”

Tri Pointe Homes Earns 2022 Best Workplace in Construction Recognition From Great Place to Work and Fortune

September 12, 2022
Tri Pointe Homes

INCLINE VILLAGE, Nev., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the US, announced today its recognition as a Best Workplace in Construction™ for 2022-2023. Based on an analysis of survey responses from over 25,000 employees from Great Place to Work-Certified™ companies in the construction industry, the award reflects Tri Pointe Homes' people-first philosophy coupled with its proactive approach to addressing several challenges in the construction industry, including labor shortages.

"We celebrate all the great awards our company receives throughout the year and the Best Workplace in Construction™ honor really stands out because of the major pain points the industry has faced and the thoughtful and hard work required to surmount those obstacles," said Tom Mitchell, president and chief operating officer of Tri Pointe Homes. "We will continue to support our team members in every way possible, cultivating a passionate work culture, which is one of the key brand pillars that defines Tri Pointe Homes. But we will also look outward to grow and advocate for our critically important industry, knowing that the efforts we make now will be crucial for its future growth."

Future Builders Sharpen Skills on Rose Parade Float

September 5, 2022
Greg Aragon - Engineering News-Record

The Building Industry Association of Southern California (BIASC) on August 11 unveiled the design for its float that will appear in the 2023 Rose Parade in Pasadena, Calif. The concept for the float was designed by members of the Junior Builders program, a program formed by BIASC in 2019 that engages 10-15-year-old future builders. The float design depicts the past, present and future of homes, while celebrating the BIASC’s 100th year anniversary in 2023.

ENR may be contacted at enr@enr.com

Mortgage Rates in US Drop Below 5% to Lowest Since Early April

August 29, 2022
Prashant Gopal - Bloomberg

Mortgage rates in the US slipped below 5% for the first time in almost four months, giving borrowers a reprieve after this year’s rapid surge.

The average for a 30-year loan fell to 4.99% from 5.3% last week, Freddie Mac said Thursday in a statement. That’s the lowest since early April and the biggest one-week drop since early July.

The decline in rates may help some homebuyers who were priced out this year by the fastest rising borrowing costs in decades. The Federal Reserve’s campaign to curb inflation by driving up its benchmark rate is putting an end to the pandemic housing boom. Sales are now sinking and inventory is starting to climb.

Will Housing Prices Flatten — or Collapse?

August 22, 2022
Jonathan Levin - Bloomberg

Home price appreciation is slowing fast across the country under the weight of higher mortgage rates, with typical property values even falling month-over-month in about a fifth of major metro areas in July. Clearly, the slowdown is necessary if Federal Reserve policy makers are going to cool inflation and restore affordability to the housing market. The challenge is to prevent the deceleration from becoming a collapse, but monetary policy makers have a chance to pull it off, provided unpredictable outside forces cooperate.

Denver Draws Rich Financiers With $12 Million Lofts, $175 Sushi Menus

August 15, 2022
Devon Pendleton - Bloomberg

Statistically speaking, Denver’s economy is on fire. Unemployment has more than halved in the past year, GDP is expected to grow 73% faster in 2022 than the national figure and inflation — even more so than in the rest of the country — is on a tear.

And then there are the intangibles: well-heeled crowds waltzing through the ritzy Cherry Creek shopping district, impossible-to-get reservations at freshly anointed hotspots and queues of gleaming SUVs clogging Interstate 70 en route to the mountains for weekend jaunts.

Yet perhaps nothing is more emblematic of a city transformed by wealth, both homegrown and transplanted, than a 22-year-old penthouse loft for sale overlooking Coors Field. With its blonde wood flooring, black granite counters and corner jetted tub, the 7,204 square-foot (669-square-meter) property evokes a 2000s vibe.


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