BROOMFIELD Residential real estate developer Wonderland Homes last month closed on a deal that gives the builder control of a parcel of land at Dillon Road and Aspen Street in Broomfield where a new neighborhood is planned.
Broomfield real estate records show that the company, through an entity called GH Colorado LLC controlled by Wonderland parent Gehan Homes Ltd., bought the roughly 60-acre parcel for $22.25 million from Aspen Street Land LLC, a family group that has been trying for several years to develop the site.
Wonderland took over the site in mid-April and has “begun horizontal development for an approved [planned unit development] consisting of 314 lots over six different segments,” Wonderland general manager Kolby O’Herron told BizWest in an email.
Gehan Homes Acquires Wonderland Homes
Regional Homebuilder Enters Denver Market
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DALLAS, Feb. 3, 2021 /PRNewswire/ Gehan Homes announced its entry into the Denver, CO market with the acquisition of Wonderland Homes, a home builder with developments all along the Colorado Front Range.
Wonderland Homes operates in 4 Denver submarkets and closed 96 homes in 2020. The company dates back to 1966 and current offerings include townhomes and single-family residences from the $380 s to over $600,000.
Gehan Homes Enters Denver Market with Acquisition of Wonderland Homes
Wonderland Homes brings a balanced lot supply and a diversified product line. In addition to Wonderland s existing backlog of homes, Gehan Homes has acquired approximately 1,000 lots across the Denver area. Currently, the company has 4 actively selling communities.
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