Monday, June 23, 2008
Active adult community might be headed to Colorado Springs
Colorado Springs might be getting a maintenance-free housing community for 55-and-older residents. Ohio-based Epcon Communities, which has developed similar projects in 30 states, plans to launch construction of an 80- to 120-home neighborhood in the Springs in 2009. The project isn't a done deal, yet; Epcon looks for franchisees to develop most of its properties, and is still talking to potential owner-operators, said Dan Noreen, business development manager for Epcon Franchising. Also, Epcon is scouting sites for the neighborhood, he said. Based on its research, however, Epcon targeted the Springs because it has an increasingly older population that doesn't move around a lot, and solid incomes to support the purchase of Epcon homes, Noreen said. Epcon homes essentially are middle-range properties -- nicer than starter homes, but not in the luxury class, he said. Homes would range in size from about 1,100 to 1,800 square feet. Prices vary from city to city, but Colorado Springs' homes would start under $200,000, Noreen said. Each Epcon neighborhood has a community center and pool, among other amenities, he added. More information: http://www.epconcommunities.com/ and http://www.epconfranchising.com/.