A Boulder-based developer has snapped up an 87-acre master-planned parcel in unincorporated Douglas County for $11 million, staking a major claim in the Pinery corridor between Parker and Castle Rock. The tract, which includes roughly 53 buildable acres, sits next to a planned grocery-anchored retail site that is already moving ahead, signaling fresh momentum for large-scale housing and retail projects in an area that has been on developers’ radar for years.
The deal in numbers
Bear Peak Development, described in public reporting as a Boulder firm, paid $11 million for the 87-acre tract, according to the Denver Business Journal. That report also notes the property contains about 53 buildable acres within the overall master-planned site in unincorporated Douglas County.
Where the land sits
The parcel lies in the Pinery area along North Pinery Parkway near State Highway 83, between Parker and Castle Rock, and is listed in commercial property offerings as a significant developable site. A commercial listing for the property on LoopNet highlights its access from North Pinery Parkway and Parker Road.
Neighboring grocery project
The purchase puts Bear Peak next to a separate Pinery Village subdivision where a King Soopers-anchored marketplace and fuel station have been planned. Local broker listings note that a King Soopers retail center is under construction nearby, underscoring the retail momentum along the corridor; see nearby property listings on Highgarden Denver for context.
How the county frames growth
Douglas County’s 2040 Comprehensive Master Plan directs nonresidential growth into separate urban areas such as the Pinery, aiming to concentrate commercial uses and limit sprawl. The county’s planning materials outline how maps and policy guide where shopping centers and service nodes are steered, which helps explain why large retail projects are clustering in this corridor; see the county plan from Douglas County.
Approval steps ahead
Before any shovels hit the ground, the land will need site improvement plans and additional permits. Public meeting summaries show a replat last fall that reconfigured commercial superblocks in the Pinery to make room for a large grocery and outparcels. Public summaries of the county meeting outlining the replat and the conditions for approval are available in meeting records and coverage on the Citizen Portal.
Why neighbors are watching
Developers in this part of Douglas County have frequently run into local pushback over traffic, water, and density, and residents have previously sued to stop denser projects in the area. That history helps explain why neighbors and county officials are likely to scrutinize any forthcoming site improvement filings and traffic studies; see earlier coverage of community disputes from Colorado Community Media.
Bear Peak’s purchase is one to watch. The developer’s next filings with the county will reveal whether the 53 buildable acres are ultimately parceled for housing, additional retail, or a mixed-use plan. For more on the sale and the site, read the coverage in the Denver Business Journal.
