Walton International acquires more land in Lochbuie for development

LOCHBUIE — Scottsdale, Ariz.-based Walton International Group USA Inc., a real estate investment and development firm, has purchased the remaining lots at Silver Peaks, a residential community being developed in Lochbuie, from The Bromley Cos. for $15 million, according to public records.

Greenwood Village-based Bromley, through its entity SP Lochbuie LLC, sold approximately 400 acres consisting of about 1,450 platted lots at Silver Peaks, said John Spillane, Bromley’s director of land development.

Journey Homes of Greeley as of 2010 had built 300 homes at Silver Peaks, a master-planned 600-acre, 2,000-home project. Building stopped during the recession, but Walton has come forward now to advance the project, said Spillane, who added, “We wanted to concentrate on other holdings.”

In April, Walton acquired land held by Bromley in Lochbuie on which it planned to build the 900-lot Altimira residential community.

Wayne Souza, general counsel, senior vice president of law and corporate secretary at Walton International, said the company has yet to determine what it will do with the properties.

“We just bought the properties. We are looking and studying options for what our ultimate plans will be for the properties,” he said.

Lochbuie is in southeastern Weld County and has a population of about 5,200 people.

Walton International Group USA is a division of Canada-based The Walton Group of Companies.