Florida home builder buys south Fort Collins lots slated for future neighborhood

This story was updated on November 18 with comments from Dream Finders Homes.

FORT COLLINS — Dream Finders Homes, a national home-building firm, has acquired land slated for 205 future single-family homes in south Fort Collins for what will eventually amount to $23.57 million.

A subsidiary owned by the Jacksonville, Florida-based Dream Finders purchased the approximately 34-acre property from a subsidiary owned by Fort Collins developer JD Padilla in a deal that closed Oct. 29, according to Larimer County property records.

Matt Childers, vice president for land in Colorado for Dream Finders, told BizWest that the company initially paid $9 million, and the remainder will be paid after Padilla’s company Post Modern Development completes the underlying land development. Dream Finders will then build the homes.

Padilla’s subsidiary still controls a portion of land near the intersection of Rosen Drive and South Timberline Road just southeast of the Dream Finders-acquired lots that are platted for homes, along with large portions of land slated for future parks, open space and drainage.

The homes are within the Rennat subdivision, directly north of the intersection of Rosen Drive and Red Willow Drive.

Approximate location of the Rennat subdivision

The subdivision, which was annexed by the Fort Collins City Council in 2017, calls for 205 homes split between 151 standalone houses and 54 townhomes. While city records show the project has been approved for development by local officials, it’s slightly scaled down from initial plans last August that called for 215 homes.

Padilla did not return a request for comment Monday afternoon.

Dream Finders has built housing communities in Severance, Longmont and Berthoud, along with communities in Aurora, Littleton and Castle Rock.

© 2020 BizWest Media LLC

This story was updated on November 18 with comments from Dream Finders Homes.

FORT COLLINS — Dream Finders Homes, a national home-building firm, has acquired land slated for 205 future single-family homes in south Fort Collins for what will eventually amount to $23.57 million.

A subsidiary owned by the Jacksonville, Florida-based Dream Finders purchased the approximately 34-acre property from a subsidiary owned by Fort Collins developer JD Padilla in a deal that closed Oct. 29, according to Larimer County property records.

Matt Childers, vice president for land in Colorado for Dream Finders, told BizWest that the company initially paid $9 million, and the remainder will be paid after Padilla’s company Post Modern Development completes the underlying land development. Dream Finders will then build the homes.

Padilla’s subsidiary still controls a portion of land near the intersection of Rosen Drive and South Timberline Road just southeast of the Dream Finders-acquired lots that are platted for homes, along with large portions of land slated for future parks, open space and drainage.

The homes are within the Rennat subdivision, directly north of the intersection of Rosen Drive and Red Willow Drive.

Approximate location of the Rennat subdivision

The subdivision, which was annexed by the Fort Collins City Council in 2017, calls for 205 homes split between 151 standalone houses and 54 townhomes. While city records show the project has been approved for development by local officials, it’s slightly scaled down from initial plans last August that…