Developer Martin Lind swaps out partners on Raindance project

WINDSOR — Developer Martin Lind has changed partners in Raindance, a 1,133-acre community planned in Windsor.

Lind and Chicago-based DRW Holdings, and its real estate arm Convexity Properties, formed the entity Raindance Land Co. LLC to buy out Denver-based Larrick Development Co., which for the past three years owned a 40 percent stake in approximately 720 acres of the vacant land earmarked for the community. That deal came to $7.5 million, according to public records.

Raindance Land Co. also paid $11.2 million for the other 60 percent stake held by Lind’s Raindance Holdings LLC,…