FOR IMMEDIATE RELEASE
Denver, October 10, 2012—Stapleton has been ranked the 9th best selling master planned community in the nation by Metrostudy, Forest City (now Brookfield Properties) announced today.
Established in 1975, Metrostudy provides primary and secondary market information to the housing and related industries nationwide. Stapleton broke into the top ten category in the 2012 rankings developed by the real estate ratings service after being ranked at # 15 last year. The ranking covers the period from July 2011 through June 2012. .
“This ranking confirms what we hear from homebuyers over and over again: The quality of life and the housing values and choices at Stapleton make it one of the most desirable places to purchase a home,” said John S. Lehigh, president of Forest City Stapleton, Inc. (now Brookfield Properties), master developer for the widely acclaimed community.
“As we prepare to extend our highly successful residential program north of I-70 later this year with the creation of “Conservatory Green,” Stapleton’s next great neighborhood, it is gratifying to receive this recognition that our community continues to be ranked as one of the most successful real estate developments in the nation,” Lehigh added.
Stapleton’s new Conservatory Green neighborhood will be comprised of approximately 500 homes anticipated to be priced from the $100s to the $800s. Homes in the Conservatory Green neighborhood of Stapleton will be within walking distance to a new network of parks and open space, as well as more than 1 million square feet of The Shops at Northfield Stapleton, which Forest City (now Brookfield Properties) opened in 2006. The Shops at Northfield Stapleton is anchored by Macy’s, Harkins Theatres Northfield 18, Bass Pro Shops Outdoor World, JCPenney, SuperTarget and more than 60 premier shops and restaurants.
Located on the site of Denver’s former international airport, Stapleton is one of the largest urban redevelopments in the United States. The core objective of the community plan is to create a living example of progressive, sustainable neighborhood design. With a walkable mix of energy-efficient new homes, retail districts, schools, offices and an extensive network of parks and open spaces, Stapleton is not only leading the way environmentally but economically and socially, too. The community is being developed by a subsidiary of Forest City Enterprises, Inc. (now Brookfield Properties)
ABOUT BROOKFIELD PROPERTIES
Brookfield Properties is a fully-integrated, global real estate services company, providing industry-leading portfolio management capabilities across the real estate investment strategies of Brookfield Asset Management — a global alternative asset manager with over $330 billion in AUM*.
Brookfield Properties develops and manages premier real estate with a focus on maximizing the tenant experience in addition to the investment and operational performance of the asset. We also focus on integrating leading-edge real estate technologies which enables us to be at the forefront of innovation and sustainability – benefiting not only our tenants and business partners, but also the communities in which we operate.
For more information about our approach to operating and developing best-in-class real estate, please visit www.brookfieldproperties.com.
*Please note: AUM numbers will change with each quarterly earnings call and should matchbrookfield.com. $330B is current.
Tasha Jones, Brookfield Properties