THROUGH FREDA MIKLIN
Five years ago, Greenwood Village City Council approved a plan for the development of Harrison Oaks, an 11-lot neighborhood on the south side of Belleview Avenue, just west of Colorado Boulevard. Although the property had been zoned residential R-2.5 for decades, many people who lived nearby thought it was an open space and were dismayed to learn that it would be a residential development.
To complicate matters, the property was divided by the High Line Canal (HLC) trail. There were five flat lots north of the HLC that were directly accessible from Belleview, but there was no public street that accessed the six flat lots that were south of the HLC, despite the fact that the law requires that all properties residential buildings are accessible via a public street. Over the years, the nearest street, Colorado Boulevard, had been designated as a private road north and south of these six lots and was not directly connected to them.
After months of discussions, most neighbors near the southern lots came to agree that the best solution to accessing these properties was to build a bridge over the HLC. In this way, the 11 lots in the development, which had addresses on South Jackson Place, would be accessible exclusively from Belleview Avenue, making it the only street used to enter or exit the new neighborhood.
With the agreement of most of the neighbors, GV City Council approved the construction of the bridge as part of the Harrison Oaks development. The owner of the property then hired The Koelbel Company to manage its development. Koelbel executives have applied for and obtained permission from the Town of Greenwood Village to form a Metropolitan District for the property to perform the functions of an HOA. They did not seek or receive permission from the district to incur debts for infrastructure or for any other purpose.
Over the next several years, utilities were installed and attractive landscaping to protect the property from traffic was designed and placed along the side of the property that bordered Belleview. Two attractive brass wall signs bearing the new name of the development, now called âCrossings at High Line Canalâ, were installed. Multiple social gatherings were held where marketing material was distributed with information for potential buyers of the 11 lots. Individual signs showing the address of each lot have been placed on the property for marketing purposes. Several potential buyers have expressed interest in individual lots, but no sale has been concluded.
Then one day all the signs on the six lots on the south side of The Crossings disappeared at the same time. According to public records reviewed by The villager, the six lots were purchased on January 21, 2020 for $ 8,125,000 by a company called HOA LLC.
Later that year, the address signs used to identify and market the northern lots of the High Line Canal crossings also vanished suddenly. Public documents The villager located showed that the five lots on the north side of The Crossings were sold in five separate transactions on November 2, 2020 to the same company, HOA LLC, for amounts ranging from $ 817,100 to $ 1,439,700. When the prices of the five lots sold that day were added up, they totaled exactly $ 5,000,000.
No publicly accessible recording The villager could locate that are on the records of the Secretary of State, Arapahoe County Assessor, or Arapahoe County Treasurer contain the name of the owner (s) of HOA LLC. The registered agent is a lawyer for a large national law firm.
One year after the purchase of the North Lots and almost two years after the purchase of the South Lots from The Crossings by HOA LLC, there is no sign of construction started or planned across the development of 11 properties. Natural grasses have been allowed to grow throughout the property although they are trimmed and relatively tidy. The description under the term “land use” on the county assessor’s records reads: “vacant residential lot”.
In addition to the cost of $ 13,125,000 of the 11 lots purchased by HOA LLC, property taxes for the year 2021, all paid in full and on time, amounted to $ 321,824. The Koelbel Company website for property, https://www.koelbelco.com/communities/crossings-at-high-line-
channel / just says “Sold out in 2020”.
When asked if there are plans to build on one of the 11 lots, the Koelbel company said: âWe were hired by the property to develop the property, market it and sell it. The property has been sold to a buyer who wishes to remain anonymous. We are not aware of their future plans for the property.
Since each of the 11 lots is fitted out for a house in a designated building envelope (see map), no home could be built outside of a designated building envelope on an individual lot unless the owner requested and received permission from Greenwood Village to re-level the lots they wished to build on, an action for which there would be a public record.