Real Estate & Construction  September 13, 2023

Toll Brothers buys CDG Summerfield site in Erie for $65M

Summerfield is a nearly 600-acre development in Erie. Source: CDG website
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ERIE — Boulder-based Community Development Group has sold 585.9 acres of its Summerfield residential project in Erie.

Toll Brothers Colorado Division, using TL Summerfield LLC, bought the property for $65 million in a transaction recorded Aug. 23.
The seller was listed as CDG Summerfield Inc., which shares an address with the Community Development Group at 2500 Arapahoe Ave. in Boulder.

Summerfield, according to Erie planning documents, was envisioned as a 620-acre parcel just south of Colorado Highway 52 and about a mile west of Interstate 25. Toll Brothers did not buy the 35-acre commercial section.

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Planned for the subdivision was 2,200 residential units to include apartments, single-family homes and townhomes.

ERIE — Boulder-based Community Development Group has sold 585.9 acres of its Summerfield residential project in Erie.

Toll Brothers Colorado Division, using TL Summerfield LLC, bought the property for $65 million in a transaction recorded Aug. 23.
The seller was listed as CDG Summerfield Inc., which shares an address with the Community Development Group at 2500 Arapahoe Ave. in Boulder.

Summerfield, according to Erie planning documents, was envisioned as a 620-acre parcel just south of Colorado Highway 52 and about a mile west of Interstate 25. Toll Brothers did not buy the 35-acre commercial section.

Planned for the subdivision was 2,200 residential units to…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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