Castle Valley Boulevard, New Castle, Colorado
Eleven and a third acres on Castle Valley Boulevard: a multi-tenant retail center, three pad sites, and 48 townhomes stepping up the slope behind them.
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Site data
The site sits on Castle Valley Boulevard across from the Burning Mountain PUD, with I-70 frontage and roughly 27,000 vehicles a day passing the interchange.
The commercial half is a 10,800 square foot multi-tenant center with patios on both end caps, plus three standalone pad sites configured for drive-thrus. Interest to date has come from restaurants, a nail salon, a hair salon, dentists, cleaners, coffee, banking, and quick-serve food.
Above the commercial space, the 6.56-acre residential parcel is developed as St James Quarter — 48 for-sale townhomes stepping up the first plateau, held in a separate legal entity. The residential component is what makes the retail work: it puts rooftops and daytime population within walking distance of the shops.
The project runs in a single phase — no phasing — with a trail connection planned to the Pendergast system to the west.
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Project economics
| Site area | 11.35 acres |
|---|---|
| Retail center | 10,800 SF |
| Pad sites | 3 |
| Residential townhomes | 48 |
| Parking | 103 spaces |
Project budget, sources and uses, and the fiscal impact analysis are provided to capital partners on request.
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