Pulte Homes is not going forward with Montecito, a planned development for active adult living in the RidgeGate area of Lone Tree, CO. This is very disappointing news as the concept that had been presented to a few real estate brokers was quite exciting. Word on the street is that Pulte is reconsidering what markets best serve their immediate business plans going forward. Ground was to have been broken in May, but that did not happen. Apparently Pulte did not close on the ground where the mediterranean, eclectic community was to be built. The plan was for detached homes providing lower maintenance and within walking distance to Lone Tree Recreation Center, restaurants, coffee shops, and retail stores. There is definitely a void in Lone Tree and the general market for this concept and the price point that was to have been between $400,000 and the $600,000's.
