Construction starts on first five Cathedral Ridge homes
Construction is under way on the first house in the 37-acre, 117-lot Cathedral Ridge subdivision off Mesa Road.
The builder is the Sunrise Company, which also owns the private Garden of the Gods Club just to the north.
According to company president Dirk Gosda, the current “spec home,” as it's called, is the first of five that will be built during the coming months on neighboring lots just inside what will be the gated community's main entrance.
Having five completed homes “will let people see what we're producing,” he said. “We've had a lot of interest.”
Selling those homes (priced from below $500,000 up to about $1 million) will make it affordable for Sunrise to build seven more homes, which will become models for prospective buyers, added Angela Riley, the club's sales executive. Those homes will be built on lots just outside the Garden of the Gods Club's sales center, she said.
After that, Sunrise will wait to see how the market does. Gosda said. He noted that in the current economy, obtaining construction financing remains difficult, but he is optimistic that the region is “coming out of the downturn” and that there's an interest in luxury homes.
A multi-state company that's been in existence for more than 40 years, Sunrise specializes in resort communities. Developments are implemented completely by the company, from initial plans to building construction. People who buy lots can select from a range of Sunrise-offered exterior and interior styles. Gosda said this policy helps ensure consistency and quality throughout the process.
In addition to the Garden of the Gods Club, the company bought the former Hill properties, including the existing, gated Kissing Camels community and hundreds of acres of undeveloped land atop the Mesa, about four years ago.
Cathedral Ridge is located on high, flat ground with excellent views of Pikes Peak and the Garden of the Gods. Views, or lack of them, had sparked some controversy during the development's city approval process in 2008-09, when residents from current homes in that area complained that the new construction would block what they could see. Most of the issues were worked out during meetings over several months that resulted in Sunrise making certain design and lot layout changes to mollify neighbor concerns.
Westside Pioneer article