Home builders have bought up almost all the home sites in the first phase of Sterling Ranch in Douglas County, a massive new housing development.
Five builders have purchased 90 percent of the lots in what Sterling Ranch will call Providence Village – the first of nine neighborhoods that will eventually cover 3,400 acres southwest of Highlands Ranch.
Construction is expected to start around the spring of next year, with model homes on display near the end of 2016.
This latest move forward follows years of planning, and unsuccessful legal challenges by opponents who fear there’s not enough water for a development that could one day be home to more than 30,000 people.
Editor's note: Due to editing error, this piece misstated the location of Sterling Ranch. The error has been corrected.