Mead Town’s Board of Trustees unanimously approved an intergovernmental agreement and service plan for the Metropolitan Districts of Turion on Monday evening, paving the way in part for the development of a planned community of more than 2,000 acres with over 4,000 homes and 5.3 million square feet. of commercial space.
Turion is still awaiting approval from the city of Burgdorf, which is also part of the development. Burgdorf City Council will continue discussing the issue at its meeting on February 8.
Turion is bounded by Interstate 25 to the west, Weld County Road 11 to the east, Weld County Road 38 to the south, and Weld County Road 44 to the north.
This project has been in the works for nearly two decades. In 2004, Burgdorf annexed more than 1,600 hectares of what would become the metro districts. Later that year, the districts, then called SMPG Metropolitan Districts, were approved. At that time, the land was owned by McWhinney Real Estate Services Inc.
Front Range Investment Holdings LLC, backed by Bill Gates, purchased the land in 2007. According to Colorado Secretary of State records, Front Range Investment Holdings was established that year by Michael Larson, who manages the Colorado empire. Gates investment through Cascade Investment LLC in Kirkland, Washington.
Front Range Holdings acquired the development rights to the land from McWhinney in 2014. In 2019, Front Range Holdings purchased nearly 600 acres in the town of Mead adjacent to the property. The developers changed the name to Turion in 2021.
The developer expects to begin off-site work in the second quarter of 2022, with on-site construction work commencing in the fourth quarter. The project is expected to be built in 34 phases, with the Burgdorf portions being developed first. Completion is estimated by 2051.
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