The Town of Parker is on par to see stronger growth compared to last year, according to a presentation from staff during an Aug. 26 work session.
So far, there has been a 32% rise in single family residence permits compared to last year, said John Fussa, director of community development.
“There continues to be interest from the building, development and investment community in the Town of Parker,” he said. “We think that’s good news.”
Housing affordability and staffing for local businesses remain as struggles for the town, he said.
Parker is still largely a bedroom community with residential activity being the strongest in the area. Commercial activity is considered moderate and light industrial is currently stable.
Parker, along with the entire Denver metro area, has largely recovered from impacts caused by the COVID-19 pandemic, Fussa said.
Fussa and his team highlighted several recent local projects during their update, including the recent completion of Trader Joe’s, Slim Chickens, Discount Tire and Bank of America.
Ongoing commercial construction projects include an assisted living facility at E-470 and Chambers and a Chase Bank location at Mainstreet and Parker Road.
One project the staff highlighted is a proposed mixed-use building located at the southwest corner of Mainstreet and South Pine Drive with 14,000 square feet of retail – including possible restaurants – and 94 residential units. If approved, construction may begin late this year.
Other housing units in progress include single and multi-family homes in Compark Village; 250 more units at Vantage Point apartments, which are set to be completed this year; 100 townhomes at Sanderos Creek, with construction starting soon; and 94 condos in the Trails at WestCreek.
Source: highlandsranchherald.net
