Arizona developer plans 256-acre mixed-use project in Johnstown

JOHNSTOWN — An Arizona real estate development, investment and management company is reviving a 256-acre project in Johnstown that had been stalled with the 2008 recession.

Scottsdale-based Caliber — The Wealth Development Co. and partner John Rosso of Westar Development have acquired a 256-acre parcel at the southeast quadrant of Interstate 25 and Colorado Highway 402. The company will build The Villages at Johnstown, a mixed-use project that will include  industrial, commercial (hotel, retail gas stations, office and medical) and residential uses.

The project will be led by Caliber executive vice president and fund manager Roy Bade. “We’re thrilled to move forward with the…