Boulder company eyes long dormant Shorefox development north of Granby
The long dormant Shorefox development north of Granby could see home construction in the coming years.
At Tuesday night’s Granby Board of Trustees meeting a new company seeking to purchase and develop the land discussed possible changes to the annexation agreement that governs the tract.
The Shorefox development is a large swath of land north of Highway 34 and east of Highway 40 northeast of the town of Granby that spans the Colorado River. The Conscience Bay Company, based in Boulder, began discussions with the Town of Granby earlier this month on Nov. 3 about a number of specific amendments they would like made to the annexation agreement that governs Shorefox.
The Shorefox development has had a storied history in the Granby community. The development was formerly a part of the Horn Ranch and was purchased by developers in 2003 for $5.2 million with the intention of creating the Orvis Shorefox development. In 2009 the property was foreclosed on at $20 million, as listed with the public trustee. In 2009 an additional $40 million judicial foreclosure was pursued by CNL Financial Group Inc. of Florida, a real-estate investment company.
The massive 1,553-acre property was originally designed to accommodate 1,200 residential units along with significant commercial space adjacent to the highway. An 18-hole golf course, that was partially developed but never completed, a hotel and a gated community were also part of the original development plans.
Conscience Bay is seeking a number of changes to the annexation agreement based on their own plans for development of the land. According to Granby Town Manager Wally Baird the prospective developers are looking to rezone the majority of the development under the designation R-35, meaning one residential unit per 35-acre plot.
In accordance with the size of the lots the developers are considering they are asking Granby to allow them to install wells and septic tanks for the residential units rather than constructing a half-million gallon water storage facility and building a water line that ties into Granby’s north service area water system. They are asking Granby to give up a 35-acre inholding within the development, to have exclusive water rights to approximately 22-acre feet of water attached to the land, to eliminate a 10 percent attainable housing requirement and to eliminate requirements on open space zoning.
The developers are also in discussions with Granby regarding prohibitions on hunting in the area and exclusive access rights for fishing along the Colorado River inside the proposed development. No official action has been taken regarding the Shorefox development and discussions are still in the very early stages. The topic will be back on the Granby Board of Trustees agenda for discussion at the Dec. 8 Board meeting.
The area commonly known as the Shorefox development is private property, and is currently used as pasture land. The area was annexed into the Town of Granby in 2007. Conscience Bay was contancted for comment on this article but had not responded yet at press time.
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