Dawson Trails proposal in Castle Rock includes 5,800 housing units, 3.2M square feet of commercial, Costco

Developer would contribute to Crystal Valley Interchange, fire station

McKenna Harford
mharford@coloradocommunitymedia.com
Posted 8/5/22

Castle Rock officials will be considering an amended plan for the 2,000-acre Dawson Trails development this month, to include funding for the Crystal Valley Interchange and a possible Costco.

This item is available in full to subscribers.

Please log in to continue

Username
Password
Log in

Don't have an ID?


Print subscribers

If you're a print subscriber, but do not yet have an online account, click here to create one.

Non-subscribers

Click here to see your options for becoming a subscriber.

If you made a voluntary contribution in 2023-2024 of $50 or more, but do not yet have an online account, click here to create one at no additional charge. VIP Digital Access includes access to all websites and online content.


Our print publications are advertiser supported. For those wishing to access our content online, we have implemented a small charge so we may continue to provide our valued readers and community with unique, high quality local content. Thank you for supporting your local newspaper.

Dawson Trails proposal in Castle Rock includes 5,800 housing units, 3.2M square feet of commercial, Costco

Developer would contribute to Crystal Valley Interchange, fire station

Posted

Castle Rock officials will consider an amended plan for the 2,000-acre Dawson Trails development this month, which would include funding for the Crystal Valley Interchange and the possible construction of a Costco.

Developers for Dawson Trails, Westside Investment Partners Inc., will present the proposed development plan for the area west of Interstate 25 and south of Territorial Road to the town planning commission and board in August to begin discussions of incentives and requirements. 

The plan lays out more than 5,800 housing units, around 750 acres of open space and 3.2 million square feet of commercial development, retail, industrial and office space.

Under the proposal, the commercial and mixed-use developments would be centralized in a corridor near I-25, surrounded by more residential neighborhoods.

In order to bring a Costco to Castle Rock, Dawson Trails is asking for up to $10 million in incentives for the bulk-buy store. 

Once open, Castle Rock could expect to see around $4-6 million annually in sales tax, which would be the single largest tax generator locally, according to a news release from the town. The release also noted that Longmont recently gave $10.9 million in incentives to get a Costco constructed in town. 

With the taxes raised, Castle Rock would have the budget for 18 more fire and police staff from 2025-2027.

As part of the proposed plan, Dawson Trails would pay $50 million for the construction of the Crystal Valley Interchange, a $118 million project being done in partnership with Douglas County.

Additionally, the developer would pay $4 million toward a future fire station in the area and dedicate around 230 acres for a fire station, parks, schools and town facilities. 

The developer would determine the construction of housing, but the Crystal Valley Interchange is scheduled to be finished in 2025 and the opening of Costco would likely be that same year, if approved.

Current zoning for the Dawson Trails development would allow up to 7,900 housing units and 17.5 million square feet of commercial, retail, industrial and office space. 

The plan will go before the planning commission on Aug. 11 and then will be discussed by the town board at the Aug. 16 and Sept. 6 meetings, which will include public hearings.

Castle Rock, Dawson Trails, Costco, Crystal Valley Interchange, fire station, development, housing

Comments

Our Papers

Ad blocker detected

We have noticed you are using an ad blocking plugin in your browser.

The revenue we receive from our advertisers helps make this site possible. We request you whitelist our site.