Metropolitan Denver, Colorado continues to attract major corporations as a place to do business. There is unbelievable corporate movement planned over the next five years making growth in Douglas County, in particular, exponential which will also impact real estate housing values positively from new starts and resale markets. The announcement from Schwab this past week is just another expample of an economic windfall for Douglas County.
Charles Schwab will consolidate its 2,000 Denver-area employees into a $230 million campus in the RidgeGate development in Lone Tree, CO that could add hundresd of new jobs to Denver. The current workforce is spread out through three rented office buildings. Construction will begin in February 2013 and is expected to be available for occupancy in the third quarter of 2014.
In other news over the past nine months:
Redwood Trust, a California-based mortgage company, will open an office in Douglas County that will create over 500 jobs in the next five years.
VISA said it plans to add over 400 jobs in an expansion of its global technology center located in Douglas County.
Last October, Hitachi Data Systems announced it will open a new office at the Meridian Corporate Center adding 200 new jobs.
Last April, TriZetto, a health care software company, accounced the opening of a new global headquarters adding 750 jobs over the next five years.
Douglas County is seeing tremendous growth that will bring thousands jobs and new residents to the county over the next five years. This growth will impact the real estate market directly for both resale and new construction homes positively. If you have been considering buying or selling a home it is a good time to start strategically planning your transaction as all indicators point towards an increasing market.