Classic Homes plans to add hundreds of homes per year to community in northeast Colorado Springs
Sterling Ranch, a community planned on Colorado Springs’ northeast edge, is preparing to add about 300 homes a year as the market improves.
Classic Homes Vice President Loren Moreland outlined the company’s vision for the 4,800-home community along Vollmer Road during a El Paso County Planning Commission meeting this week.
Since Classic Homes became the controlling interest of the property in December 2021, the business has taken a more holistic look at the development expected to encompass 1,444 acres. Previously, SR Land was developing the property.
“We took a step back and we have spent basically the last last two years trying to evaluate the overall concept of the project,” he said. That’s meant taking a fresh look at parks, trails and home types and formally adjusting plans through county planning.
One of the tweaks, changing an 11-acre parcel from a school site to allow 72 homes was fully supported by the commission during the meeting. The parcel near Dines Boulevard and Sterling Ranch Road is bisected by a gas line making it unsafe for a school, Moreland explained.
As development continues toward the center of the new community, Moreland said, he expects development will get more dense as builders try to put homes on the market for $300,000. Noting that six years ago, plenty of homes were near that price, but now it is hard to get below $450,000, he said.
The company’s goal is to see 300 to 400 homes a year go up in the development, he said. The pace would be faster than Classic’s development of Flying Horse, where 1,800 homes went in over 22 years.
Road connections are a priority for the community and Moreland said he expects the work to connect Marksheffel Road to Vollmer Road to start in April or May.
A screen shot of an El Paso County video showed during Thursday’s planning commission meeting shows homes built in Sterling Ranch, on the northeast edge of Colorado Springs.
