This Week's Denver Deal Sheet: Tri Pointe Completes New Aurora Homes
Tri Pointe Homes has opened a new 38-home neighborhood in Aurora’s Painted Prairie area, with model homes including interior design by former Queer Eye host Bobby Berk.
The homes, which Tri Pointe Homes says are priced in various tiers, range from 1,580 SF to 3,125 SF. Two model homes are available for tours.
The partnership marks Berk's first model home collaboration in the Denver area.
Painted Prairie is a 620-acre master-planned community that began development in 2021 and is part of a trend of eastward expansion of the Denver metro.
PEOPLE
Centennial-based general contractor DCPS expanded its large-scale construction projects team with six new hires. Brennan Knapp was named vice president of preconstruction, and Josh Kamp is vice president of operations. Additional hires include Jon Knapp and Ed Dressel as project directors, Jeremy Coleman as assistant project director, and Nathan Kimball as project manager.
LEASES
Pinnacle Real Estate Advisors brokered a 3,200 SF retail lease at 1920 S. Acoma St. Paul Nora and Jamie Mitchell represented both the landlord and the tenant. The lease was valued at just over $1M.
CONSTRUCTION AND DEVELOPMENT
Landsea Homes closed on the first 34 of 132 homesites for its new Cordovan community in Firestone, just southeast of Longmont. The neighborhood will include duplexes up to 2,445 SF, with a mix of one- and two-story layouts. Sales are expected to launch in late summer.
THIS AND THAT
The Sundance Film Festival will relocate to Colorado. Starting in 2027, the iconic event will be hosted across Boulder. Mayor Mike Johnston called it a major win for the region’s film and arts economy, as Sundance brought a $132M economic impact to Utah last year, including $14M in tax revenue.
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Denver’s rental market has cooled slightly, according to a new RentCafe report. The metro saw the biggest drop in rental demand nationwide, with five renters now competing per unit — down from six a year ago. Occupancy fell to 92.3%, and average days on the market rose to 43. Still, 59.4% of renters are renewing, and Denver’s Rental Competitiveness Index remains in the “competitive” category.
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Denver finalized updates to its Energize Denver building standards — rule changes originally proposed in 2024 and previously reported by Bisnow. The updates give owners of buildings over 25K SF more flexibility to meet emissions goals, including deadline extensions, reduced penalties and expanded off-site solar options. The ordinance, which aims to cut building emissions by 80%, recently survived a legal challenge dismissed by a federal judge.
