The Ridge Johnstown
JOHNSTOWN | COLORADO
ABOUT THE ASSET
The Ridge is a 265-acre master-planned, mixed-use development with immediate access to I-25 via the developing Highway 402 interchange. Ideally situated in the heart of northern Colorado, the project will transform the undeveloped land into a dynamic community. In addition, the property holds 90 acres of I-25 freeway frontage, making the Villages at Johnstown one of the most prominent in the region, providing unparalleled visibility to more than 100,000 vehicles a day. Originally identified by the Caliber acquisition team in 2015 at a price of $15,000,000, this asset came back to Caliber in an “off-market” transaction in June of 2017 at the deeply discounted price of $3,500,000. Caliber also acquired “project critical” water shares valued at $3,015,000 for $2,000,000.
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*Note: $1.3 million of purchase price is in consolidated water shares.