Oakwood acquires Banning Lewis Ranch
Oakwood Homes, in conjunction with Mountain Real Estate Funding Corp., acquired the 2,600-acre Banning Lewis Ranch in northern Colorado Springs.
The master-planned community was sold by a syndicate of former lenders, who took ownership last year. The property has “significant” infrastructure improvements in place and 251 permit-ready finished single-family lots, 88 paired-home lots and a development-ready pad for multifamily product.
Oakwood Homes, one of five builders in the area, plans to build 7,500 homes in the northern part of the ranch. See the June 20 issue for the full story.
Jennifer Hayes has been an Editor with the CREJ for more than 12 years. Jennifer covers all commercial real estate news for all property types in the Colorado Springs/Southern Front Range and the Western Slope/Mountain Town areas. Jennifer also is Editor of the Construction/Design/Engineering section, the Economic Development section and the Shopping Center section.
Before joining the Colorado Real Estate Journal, Jennifer served as the Assistant Sports Information Director at Texas A&M-Commerce. She earned her bachelor's degree in broadcast journalism from the University of Colorado and a master's degree in education from A&M-Commerce.
When not bringing you the latest in commercial real estate news and views for the Denver area, Jennifer enjoys spending time with her husband and son, sports, dining out, reading, and perfecting her cookie and cupcake icing technique.