IHP Capital Partners and Berkeley Homes, a Colorado-based homebuilder, have formed a joint venture in the acquisition and development of a new three-story, detached, single-family home community within the Baseline master plan in Broomfield, Colo. The joint venture has broken ground on the first phase, or 40 homes, of the 160-home project. Home sales are anticipated to open in the third quarter 2022 with the commencement of model homes in the second quarter 2022.
Named Berkeley at Baseline, the project is within Parkside Village, the denser and more urban-feeling neighborhood of the master plan. Intermixed among four other product types throughout Parkside Village, the Berkeley lots are 27 feet by 60 feet, or 1,620 square feet in size. The future homes will range from 1,641 square feet to 2,323 square feet and offer two to three bedrooms and two and a half bathrooms, in addition to outdoor patio decks.
“With a neo-traditional design, the Berkeley at Baseline homes
