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Centerra Launches Initial Phase of Residential Development at Kinston, Introduces First Three Homebuilders

Published: May 4, 2021
Centerra Launches Initial Phase of Residential Development at Kinston, Introduces First Three Homebuilders

LOVELAND, Colo. — Today, McWhinney announced the introduction of Lennar, Dream Finders Homes and Richmond American Homes as the first collection of homebuilders joining Kinston, the developer’s newest residential village located on the east side of the award-winning, 3,000-acre master-planned Centerra community in Loveland, Colo. The three builders recently closed on 237 homesites representing five different home types in the first phase of residential offerings for the 625-acre development. At buildout, Kinston plans to deliver a total of approximately 2,800 home sites including 15 distinct product segments to meet homebuyers’ vast preferences and the growing demand for homes in the northern Colorado market.

“Centerra is already well-established as a best-in-class master-planned community, home to thousands of residents, outdoor recreation and amenities, parks, millions of square feet of regional shopping, employment opportunities and a regional hospital. Kinston will further enhance our community in many ways, including the quality that we’ve built into the larger vision for Centerra and in terms of community engagement,” said David Crowder, vice president of community development for McWhinney and general manager of Centerra. “Our goal is to provide options that meet our new residents where they are at in their various stages in life within a dynamic and sustainable community where residents can live, work and play for generations to come.”

According to extensive consumer trend analysis conducted by Meyers Research, more than 70% of consumers prefer a suburban neighborhood near a walkable urban village that elicits a ‘small town’ feel. In response to these preferences, Kinston plans to offer a community focused on wellness and connectivity for a new era of homebuyers seeking a wide array of attainable residential options that range from townhomes and condominiums to single-family homes and paired homes.

The three initial Kinston homebuilders plan to deliver modern farmhouse and prairie-style homes as well as craftsman and mid-century modern designs. New model homes are expected to open to the public in late winter 2021, with pricing becoming available at that time.

  • Lennar plans to offer 57 single-family homes on traditional lots ranging in square footage from 1,800 – 2,400 square feet and another 60 single-family homes in a cluster-style configuration ranging from 1,480 – 1,700 square feet.
  • Dream Finders Homes intends to offer 47 single-family homes on traditional lots ranging from 1,850 – 2,700 square feet.
  • Richmond American Homes anticipates offering 33 single-family home sites, featuring the three-car garages on traditional lots ranging from 1,945 – 2,745 square feet with option for finished basements; as well as 40 alley-loaded duplex-style homes ranging from 1,260 – 1,475 square feet.

McWhinney broke ground on Kinston in December 2020. Prospective amenities at Kinston are designed to foster a tight-knit community and quality time among neighbors, friends, families and visitors. Kinston Commons will be a centralized amenity campus in the heart of the community and will include the Kinston Hub, a welcome center and residential community center featuring a café operated by a local beer and coffee purveyor. The Kinston Hub is planned to open at the end of 2021.

As the master plan for Kinston advances throughout the next 10 years, additional home types are planned to be added as well as new amenities:

  • Parks, outdoor recreation, trail systems and natural open spaces will link the neighborhoods together and to the Centerra community.
  • Kinston Commons will evolve in phases as the development matures, planned to include additional spaces for fitness and wellness, large events on an active lawn, outdoor fire pits, a pool and patios with expansive views of the Rocky Mountains.
  • Future plans also call for an active adult enclave designed for adults 55+.
  • A parcel reserved for a planned new elementary school.
  • A partnership with High Plains Environmental Center (HPEC), an integral part of Kinston and McWhinney’s commitment to sustainable living and design practices.
  • DMB Community Life will partner with the developer to manage the governance, operations and resident engagement activities, emphasizing meaningful programs that create authentic, collective experiences within the community.

Kinston is situated immediately east of I-25 and north of The Promenade Shops at Centerra, near Kendall Parkway and Centerra Parkway. The village will help to round out the master-planned community’s existing 2,500 homes and diverse residential offerings, its miles of trails and 300 acres of open space, the UCHealth Medical Center of the Rockies, The Promenade Shops and The Marketplace at Centerra shopping and dining destinations, office parks, transportation, sculpture park, the community’s pre-K to 8th grade STEAM school, the High Plains Environmental Center with its gardens, orchards and unique event programs, and more. The new residential village is planned to accommodate an estimated 8,000 residents by the time of completion within the next 10-15 years.

About McWhinney

McWhinney is a Colorado-based real estate development and investment firm with offices in Loveland and Denver, comprising a team of talented professionals who are passionate about creating great places. Since 1991, McWhinney has planned and developed more than 6,000 acres of innovative and sustainable master-planned communities and more than 11 million square feet of vertical commercial and mixed-use properties throughout the Rocky Mountain region and the West Coast. Over the years, McWhinney has been recognized for significant real estate development contributions, including being named Colorado’s “Developer of the Year” by the National Association of Industrial and Office Properties (NAIOP), winner of the Urban Land Institute’s (ULI) Global Awards for Excellence, The Denver Business Journal (DBJ) Real Estate Champions – Catalyst Award for Denver Union Station and the Development Deal of the Year for Denver Union Station by NAIOP. McWhinney has been ranked 11 and 13 on the list of the Best Small and Medium Sized Companies to work for in America. For additional information, visit www.mcwhinney.com.

About Centerra

Centerra, an award‐winning 3,000‐acre master‐planned community located in Loveland at the heart of Northern Colorado, is a McWhinney development that was built on the belief that nature provides the perfect balance to urban planning. As a community designed to enhance all aspects of life, Centerra integrates neighborhoods with recreation, art, shopping and dining, business opportunities and medical services. Centerra and its businesses offer more than 8,000 part-time and full-time jobs. This unique community is home to Northern Colorado’s first lifestyle center, The Promenade Shops at Centerra; UCHealth–Medical Center of The Rockies, a state‐of‐the‐art 187 bed LEED gold‐certified regional hospital; and The Marketplace at Centerra, one of Northern Colorado’s largest contiguous shopping centers. Centerra is also home to High Plains Environmental Center, which manages 483 acres of wetlands, open space and reservoirs within Centerra, and Chapungu Sculpture Park, a 26-acre park with more than 80 stone sculptures throughout. In 2018, Centerra became the first certified National Wildlife Federation (NWF) Community Wildlife Habitat in Colorado. Named Development of the Year by the National Association of Industrial & Office Properties’ (NAIOP) Colorado Chapter, Centerra embodies McWhinney’s purpose of creating great places and fabled experiences for people. For additional information, visit www.centerra.com.

About Kinston

Kinston is a 630-acre residential village developed by McWhinney, located within the buildout of the developer’s award-winning, 3,000-acre master-planned Centerra community in Loveland, Colo. Located at the epicenter of northern Colorado, Kinston will add to the fabric of Centerra with its planned parks, amenities, outdoor recreation, schools, and the use of trails and nature to link the community together. Kinston plans to offer 2,800 home sites and accommodate nearly 8,000 residents by the time of completion within the next 10-15 years. Embodying the founding concept behind the Kinston name to blend a town with the spirit of kinship and connection, Kinston plans to offer multifaceted amenities, a wide array of residential product segmentation, and a robust community engagement program bringing future residents together.