At Pure Cycle, our land development segment delivers ready-to-build, finished lots to home builders and commercial customers. Our current focus, Sky Ranch, is a master-planned community providing residential, commercial, retail, and light industrial lots along Denver's booming I-70 corridor. We are proud to develop Sky Ranch with advanced water-saving infrastructure that honors our semiarid climate.
135 Homes under construction/occupied (cumulative)
22 Residents (cumulative)
180 Homes under construction/occupied (cumulative)
58 Residents (cumulative)
213 Homes under construction/occupied (cumulative)
85 Residents (cumulative)
265 Homes under construction/occupied (cumulative)
147 Residents (cumulative)
317 Homes under construction/occupied (cumulative)
205 Residents (cumulative)
350 Homes under construction/occupied (cumulative)
257 Residents (cumulative)
Sky Ranch development is proceeding far ahead of initial forecasts. All 1,400+ Phase 1 and Phase 2 lots are sold or under contract with national homebuilders, with another 106 lots that we are holding for our build-to-rent segment. All Phase 1 homes are expected to be completed and occupied by December 2021.
Future development phases will include entry roads, monuments, parks, open spaces and drainage infrastructure to serve the entire community. We also built a zero-discharge water reclamation facility that reuses 100% of wastewater collected from customers to re-sell for outdoor irrigation demands.
Since builders are required to purchase water and sewer taps for each lot at the time of permitting, each lot sale also represents a new Pure Cycle utility customer.
506 lots sold to 3 national home builders for $36.7 million.
All 506 lots have been delivered as of Q1-2021.
214 homes are occupied by residents (as of February 2021).
87 homes are under construction at avg. of 27 completed per month.
By December 2021.
Total platted lots anticipated.
Lots under contract.
Lots retained for future use.
