Oakwood Homes’ CEO is Optimistic on Real Estate in Colorado

On a recent interview, Pat Hamill, CEO of Oakwood Homes, declared his optimism about real estate in Colorado. The Gazette’s article is reads as follows:

As backyards go in the Pikes Peak region, Pat Hamill has one that’s bigger than most.

Hamill is the founder, president and CEO of Denver-based Oakwood Homes, which, along with a financial partner, purchased the 2,600-acre northern portion of the 21,500-acre Banning Lewis Ranch in May. The purchase followed the October 2010 bankruptcy of the ranch’s previous owner and a subsequent auction of the property.

The acquisition made Oakwood, which already was building homes in the Banning Lewis Ranch, a key player among real estate development companies in Colorado Springs.

About 300 homes already have been built on the northwest corner of the property, near Woodmen and Marksheffel roads. When Oakwood contracted to buy the northern portion of the ranch, Hamill said the land — which was to be developed as a series of a half-dozen villages, according to an original master-plan — would become home to 9,000 households and 35,000 residents over 15 to 20 years.

Read the whole articleand  interview here.

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