by Lisa Crockett

Stymied by a failed library funding measure on last year’s ballot and a sluggish real estate market, the commercial portion of the plot of land at the corner of Monarch Boulevard and Castle Pines Parkway, known as CC-20, sits vacant awaiting construction.

“Right now, we don’t know when construction will begin,” said Bill Jenkins, real estate representative for the Laramie Company, who is the broker for the parcel. “Obviously, the failure of the library funding in the last election had a big impact.”

Village Homes, who owns the land, is still holding a spot for the library and will await the outcome of this Fall’s election. Jamie LaRue, Douglas County library director, will ask the library Board to seek a measure on this year’s ballot seeking funding to build the library in Castle Pines North (CPN). The board is not likely to pass a resolution to place a measure on the ballot until some time later this summer.

South Metro Fire Rescue has also expressed interest in some portion of the parcel for a new fire station in CPN.

“We have been approached by South Metro and both parties are certainly interested in exploring the possibility of a fire station on the CC-20 parcel, but no agreements have been reached and no plans have been made,” said Jenkins.

As of press time, there were no confirmed tenants for the commercial portion of the parcel. The residential portion of the development, meanwhile, is moving full speed ahead.

“We have sold twelve of the units so far,” said Village Homes’ Natasha Nola, the manager at the site. “We have 47 units total, and we expect they will be built and sold in the next 18 months to two years.”