Summary

● Sky Ridge Medical Center was named among Fortune/IBM Watson Health’s 100 Top Hospitals list for 2021. The annual list recognizes excellence in clinical outcomes, operational efficiency, patient experience, and financial health. Sky Ridge had better results on key clinical and operational performance indicators, including survival rates, patient complications, and 30-day mortality, among others.

● Two companies headquartered in Douglas County were included on the 2021 Fortune 500 list. DISH Network ranked No. 197 and Quarate Retail ranked No. 216. In total, 10 companies headquartered in the Metro Denver region made the list, which ranks the nation’s public companies by annual revenue.

● According to the U.S. Census Bureau, Douglas County had the largest percentage population increase among the seven Metro Denver counties between July 2019 and 2020. Douglas County increased 2.5 percent over the year or by 8,900 additional residents. All counties continued to experience a decline in the number of international migrants moving within their borders as a result of the pandemic and all counties’ natural rate of increase has been on a steady decline since 2011, indicating Metro Denver is aging at a faster rate.

● Castle Rock Adventist began a $14 million construction project to add 36 beds and create up to 50 new healthcare jobs. Additional beds will serve post-surgical patients and will include a specialized surgical unit. The project is slated for completion in October 2021.

● Vertix Builders completed the new Peak medical office building (MOB) on the Parker Adventist Medical Campus. The Peak MOB is a $25 million, four-story, 86,000-square-foot building with tenant spaces, including medical oncology services, internal medicine, obstetrics, neurology, radiology, gynecology, and an ear, nose, and throat practice.

● Castle Rock Development LLC, which is comprised of Treanor Investments LLC, Douglas County Properties LLC, and Rock View Holdings LLC, has proposed a $65 million mixed-use building called The View for the corner of Sixth and Jerry Streets in Castle Rock. The project would redevelop existing storage facilities into a 300,000-square-foot, six-story building with 218 for-rent residential units, 14,500 sq. ft. of office space, and 5,000 sq. ft. of retail space. The project would also include 400 parking spaces. The develop-ment team hopes to break ground on the project in late summer 2021 with construction expected to continue for two years.

Economic Headlines

Employment130,657

Down 1.5% from 4Q 2019

Unemployment Rate5.4%

Up 2.5 percentage points from 1Q 2020

Existing Home Sales1,394

Up 4.7% from 1Q 2020

Residential Units Permitted1,745

Up 173.1% from 1Q 2020

Commercial Vacancy Rates

Douglas County Economic DevelopmentQuarterly Report - 1st Qtr 2021

SFA SFD

Department of Community Development | Community and Resource Services100 Third St. | Castle Rock, CO 80104 | Ph: 303-660-7460 | douglas.co.us; search for business

110,000115,000120,000125,000130,000135,000

4Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020

0.0% 2.0% 4.0% 6.0% 8.0%

U.S.Colorado

Metro DenverParker

Castle RockDouglas County 1Q 2021

0.0%

4.0%

8.0%

12.0%

Office Industrial Flex Retail

1Q 2020 1Q 2021

500

750

1,000

1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021

$0

$500,000

$1,000,000

1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021

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Note: Industry data may not add to all-industry total due to rounding, suppressed data, and employment that cannot be assigned to an industry. Source: Colo. Dept. of Labor and Employment, Labor Market Information, QCEW.

Covered Employment by Industry Supersector, 4th Qtr 2020Douglas County Metro Denver

4th Qtr 2020

Yr/Yr % Change

4th Qtr 2020

Yr/Yr % Change

Total All Industries 130,657 -1.5% 1,624,308 -5.3%Private Sector Mining & Logging 439 -10.6% 13,081 -12.0% Construction 9,804 3.7% 102,933 -3.7% Manufacturing 2,169 7.6% 89,098 -1.5% Wholesale Trade 5,054 4.2% 78,951 -3.7% Retail Trade 18,791 -1.1% 155,846 -1.6% Transportation, Warehousing, & Utilities 2,527 30.2% 73,518 4.5%

Information 5,050 -1.5% 59,387 -1.1% Financial Activities 14,997 1.1% 115,774 -0.5% Professional & Business Services 23,724 0.1% 313,829 -3.0% Education & Health Services 16,384 -0.5% 209,068 -3.4% Leisure & Hospitality 14,264 -13.5% 137,214 -27.1% Other Services 4,046 -3.1% 47,654 -9.3%Government 13,371 -5.5% 227,794 -3.0%

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Unemployment Rates 1st Qtr

20201st Qtr 2021

Douglas County 2.9% 5.4% Castle Rock 3.1% 5.4% Parker 3.0% 5.6%Metro Denver 3.4% 6.7%Colorado 3.6% 6.7%U.S. 4.1% 6.5%

Sources: Colo. Dept. of Labor and Employment, Labor Market Information; U.S. Bureau of Labor Statistics.

Jobs covered by unemployment insurance as reported in the QCEW. These positions represent the vast majority of total employment, although the self-employed, some agricultural workers, some domestic workers, and several other categories of workers are excluded. This data series lags the CES series by about six months and is available for the nation, states, MSAs, and counties.

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Employment ActivityEmployment in Douglas County decreased 1.5 percent between the fourth quarters of 2019 and 2020, falling by 2,043 jobs over the year. Seven of the 13 supersectors reported decreases in employment during the period, with the largest declines in leisure and hospitality (-13.5 percent), mining and logging (-10.6 percent), and government (-5.5 percent). Transportation, warehousing, and utilities reported the largest over-the-year

increase of 30.2 percent, followed by manu-facturing (+7.6 percent), wholesale trade (+4.2 percent), and construction (+3.7 percent).

Employment in Metro Denver decreased 5.3 percent between the fourth quarters of 2019 and 2020. Twelve of the 13 supersectors reported over-the-year decreases, led by leisure and hospitality (-27.1 percent), mining and logging (-12 percent), and other services

UnemploymentThe Douglas County unemployment rate rose 2.5 percentage points between the first quarters of 2020 and 2021, increasing to 5.4 percent. The unemployment rate also rose 0.2 percentage points over the quarter. Castle Rock’s unemployment rate (5.4 percent) and Parker’s rate (5.6 percent) also increased over the year, rising 2.3 percentage points and 2.6 percentage points, respectively.

The labor force increased in all three areas over the year. The labor force in Douglas County rose 0.2 percent over the year, an increase of 433 people working or looking for a job. Parker added 161 people to its labor force, an increase of 0.5 percent between the first quarters of 2020 and 2021. During the same period, Castle Rock added 47 people to the labor force, increasing 0.1 percent.

Metro Denver’s unemployment rate was 0.2 percentage points below the rate recorded in the previous quarter but was 3.3 percent-age points higher than one year ago, rising to 6.7 percent. The labor force in Metro Denver rose 1.1 percent, representing 21,031 more individuals working or looking for a job during the period.

Colorado’s unemployment rate rose 3.1 percentage points to 6.7 percent between the first quarters of 2020 and 2021 and the state’s labor force increased 1.3 percent over the year. The U.S. unemployment rate rose 2.4 percentage points over the year to 6.5 percent, however the labor force declined 2.2 percent during the same period.

Manpower Employment Outlook SurveyMetro Denver Companies

HiringCompanies Laying Off

Companies No Change Unsure

National2nd Qtr 2021 21% 23% 3% 4% 71% 70% 5% 3%1st Qtr 2021 18% 21% 3% 6% 76% 68% 3% 5%2nd Qtr 2020 27% 23% 2% 3% 70% 73% 1% 1%

(-9.3 percent). Transportation, warehousing, and utilities reported the only increase of 4.5 percent during the period.

Manpower Employment Outlook SurveyThe Manpower Employment Outlook Survey revealed that 21 percent of employers surveyed in the Denver-Aurora Metropolitan Statistical Area (MSA) will hire more employees in the second quarter of 2021, an increase of 3 percentage points from the previous quarter but a decrease of 6 percentage points compared with the same time last year. Surveyed employers were optimistic to hire in multiple industries, including transportation and utilities, financial activities, professional and business services, and education and health services. For the third-consecutive quarter, hiring intentions in Denver were below national hiring intentions, which reported that 23 percent of companies plan to hire in the second quarter of 2021.

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● Koelbel and Company, Coventry Development Corporation, the City of Lone Tree, and the Colorado Housing and Finance Authority broke ground on the first affordable housing project in Lone Tree. The project includes 67 affordable apartments that will range from 30 to 80 percent of the area median income, a fitness center, community room, and on-site leasing. The project will help achieve Lone Tree’s 350 affordable housing unit commitment on the east side of I-25.

Existing Home Sales Home sales continued to climb in Douglas County and throughout Metro Denver from the first quarter of 2020 to 2021. Between this time frame, existing home sales in Douglas County increased 4.7 percent or an additional 63 homes sold during the period, driven by single-family detached home sales. Single-family detached home sales in Douglas County rose 6.4 percent over the year, rising by 70 homes during the period. Two of the six submarkets reported increases in detached home sales, which were Lone Tree (+25 percent) and Parker (+22.4 percent). Castle Rock and Highlands Ranch reported decreases in home sales between the first quarter of 2020 and 2021, decreasing 8 percent and 8.6 percent, respectively. Larkspur did not record any home sales in 2021, down from one the previous year. The number of detached home sales in Castle Pines was unchanged from one year earlier.

The number of single-family attached home sales in Douglas County decreased 3 percent between the first quarter of 2020 and 2021, to 228 homes. Four of the six submarkets recorded declines in attached sales, led by declines in Castle Pines (-66.7 percent), Lone Tree (-13 percent), Castle Rock (-4.4 percent), and Highlands Ranch (-4.2 percent). Parker recorded the only increase in attached sales over the year, rising 18.2 percent or by six homes. Larkspur reported no sales in either the first quarter of 2020 or 2021.

Consumer ActivityConsumer Confidence IndexThe Consumer Confidence Index for the U.S. decreased 22.2 percent over the year to 99.1 in the first quarter of 2021. Over the quarter, the national index rose 5.6 percent. The quarterly increase reflects a continuing rebound following a sharp decline reported in April and May of 2020 due to the COVID-19 pandemic. Consumers’ assessment of current conditions and their short-term outlook improved at the end of the first quarter of 2021, but concerns of inflation in the short-term increased, most likely due to rising gas prices, which could cause spending intentions to decline in the coming months.

Colorado is included in the Mountain Region Index and the area reported a 25.7 percent decrease over the year. Over the quarter, confidence in the Mountain Region fell 0.9 percent.

continued on the next pg.

Source: Colorado Comps, LLC

Douglas County Existing Home Sales, 1st Qtr 2021Douglas County Submarkets Total

Castle Pines Castle Rock Highlands Ranch Larkspur Lone Tree Parker Douglas

CountyHome Sales Single-Family Detached 1st Qtr 2021 36 252 299 - 35 180 1,166 1st Qtr 2020 36 274 327 1 28 147 1,096 Single-Family Attached 1st Qtr 2021 1 43 69 - 20 39 228 1st Qtr 2020 3 45 72 - 23 33 235Average Sold Price Single-Family Detached 1st Qtr 2021 $812,389 $590,567 $657,008 - $1,055,083 $553,667 $691,536 1st Qtr 2020 $689,128 $508,450 $558,421 $330,000 $775,879 $468,293 $571,246 Single-Family Attached 1st Qtr 2021 $408,000 $345,609 $424,213 - $487,125 $314,962 $387,313 1st Qtr 2020 $392,067 $324,920 $378,075 - $425,361 $283,667 $345,934

Existing Homes - Average Sales PriceHome prices continued to climb in Douglas County between the first quarters of 2020 and 2021 for single-family detached homes. The average sale price of a single-family detached home rose 21.1 percent or an increase of $120,290 to $691,536 in Douglas County. Five of the six submarkets recorded over-the-year increases in detached home prices, with the largest increases recorded in Lone Tree (+36 percent), Parker (+18.2 percent), and Castle Pines (+17.9 percent). Lone Tree recorded the highest sale price of the six submarkets of nearly $1.1 million in the first quarter of 2021, with nearly 50

Residential Real Estate

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Douglas County Residential Building Permits, 1st Qtr 2021Single-Family

DetachedSingle-Family

Attached Multi-Family

Total Units 1st Qtr 2021

Total Units 1st Qtr2020

UnitsAvg.

Valuation per Unit

UnitsAvg.

Valuation per Unit

Permits UnitsAvg.

Valuation per Unit

Aurora 92 28 92 $258,932 - $- - - $- Castle Pines 154 84 115 $432,874 39 $256,898 - - $- Castle Rock 492 184 329 $331,954 37 $232,039 9 126 $83,754

Highlands Ranch 96 29 - $- - $- 13 96 $126,700

Littleton - - - $- - $- - - $- Lone Tree 10 11 10 $423,893 - $- - - $- Parker 190 76 153 $396,315 37 $210,465 - - $- Unincorporated Douglas 711 227 309 $321,847 52 $209,191 11 350 $92,707 Total Douglas County 1,745 639 1,008 $344,386 165 $225,876 33 572 $96,440

Note: Excludes permits for residential construction activity that does not affect overall housing inventory. Source: Douglas County and individual municipalities.

Residential Real Estate continued from pg. 3

percent of the total single-family detached home sales over $1 million. Parker recorded the lowest sale price of $553,667 during the period.

The average price of a single-family attached home in Douglas County rose 12 percent over the year, rising by $41,379. Five of the six submarkets recorded over-the-year increases in attached home prices, with the greatest appreciation recorded in Lone Tree (+14.5 percent), Highlands Ranch (+12.2 percent), and Parker (+11 percent). The largest absolute increase in price was recorded in Lone Tree of an additional $61,764 per home during the period.

ForeclosuresForeclosure filings in Douglas County fell 85.1 percent over the year to 11 filings during the first quarter of 2021, down 63 filings during the period. Filings increased from 6 to 11 between the fourth quarter of 2020 and the first quarter of 2021.

Foreclosure filings in Metro Denver fell 88.5 percent over the year to 78 total

filings, representing a decrease of 600 fore-closures during the period.

The low filings were due to the fore- closure moratorium in effect in Colorado from April 30 to July 13, 2020 due to the COVID-19 pandemic. Further, the Biden Administration extended the foreclosure moratorium to the end of June 2021, which is expected to cover 70 percent of existing single-family home mortgages.

Building PermitsResidential building permits in Douglas County increased 173.1 percent between the first quarters of 2020 and 2021, rising by 1,106 units permitted. The increase was largely due to the number of multi-family units, recording 572 more units permitted over the year. Major multi-family projects permitted in the first quarter of 2021 included the 208-unit Meridian International Business Center North apartments and the 142-unit Bridgewater Living apartments in unincorporated Douglas County. Single-family detached permits reported a 74.4 percent increase during the period, rising by 430 units, while condominiums/townhomes

reported a 170.5 percent increase, or by 104 units permitted. Six of the eight submarkets reported over-the-year increases, with the largest increase reported in Highlands Ranch (+231 percent), followed by Aurora (+228.6 percent) and unincorporated Douglas County (+213.2 percent). Littleton reported no permits in either the first quarter of 2020 or the first quarter of 2021, while units permitted in Lone Tree fell from 11 to 10 between the first quarters of 2020 and 2021.

The average valuation of single-family detached units permitted rose 2.9 percent over the year to $344,386, representing $9,586 more per home during the period. Castle Pines recorded the highest average valuation for single-family detached homes at $432,874, while Aurora reported the lowest valuation at $258,932. The average valuation for single-family attached units fell 5 percent to $225,876 in Douglas County, with valuations ranging from a low of $209,191 in unincorporated Douglas County to a high of $256,898 in Castle Pines. The average valuation for multi-family units was $96,440 in the first quarter of 2021.

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points to 11.4 percent between the first quarters of 2020 and 2021. Castle Rock and Larkspur recorded the only over-the-year declines in the vacancy rate, falling -0.3 percentage points and -3.5 percentage points, respectively, during the period. High-lands Ranch reported the largest percentage

increase over the year, rising 19.7 percentage points to 26.7 percent primarily due to vacancies at the Lucent Campus located at Lucent Blvd. and C-470. The office vacancy rate in Lone Tree and Parker rose 2 percentage points and 1.5 percentage points, respec-tively, between the first quarters of 2020 and

Douglas County Commercial Vacancy and Lease Rates by Property Type, 1st Qtr 2021Total Existing Sq. Footage Vacancy Rate Avg. Lease Rate (per sq. ft.)

1st Qtr 2021 1st Qtr 2020 1st Qtr 2021 1st Qtr 2020 1st Qtr 2021 1st Qtr 2020Office Castle Pines 55,102 55,102 0.0% 0.0% $31.71 $26.42 Castle Rock 1,248,332 1,243,382 3.0% 3.3% $26.65 $27.71 Highlands Ranch 1,985,116 1,985,116 26.7% 7.0% $32.67 $30.62 Larkspur 28,688 28,688 0.0% 3.5% - - Lone Tree 2,945,673 2,945,673 8.5% 6.5% $30.68 $28.36 Parker 1,292,155 1,287,155 7.9% 6.4% $32.11 $24.09 Total Douglas County 13,370,245 13,360,295 11.4% 9.4% $27.80 $25.75 Metro Denver 198,153,085 196,772,235 11.5% 9.1% $28.95 $27.76Industrial Castle Pines - - - - - - Castle Rock 1,246,691 1,233,466 8.0% 9.6% $9.05 $12.30 Highlands Ranch 450,277 450,277 22.9% 70.8% - - Larkspur 30,509 30,509 0.0% 0.0% - - Lone Tree 36,686 36,686 0.0% 0.0% - - Parker 864,859 693,065 20.4% 0.4% $13.52 $12.04 Total Douglas County 7,781,865 7,132,632 9.3% 6.3% $10.08 $12.53 Metro Denver 234,476,656 228,201,245 5.9% 4.3% $8.71 $8.48Flex Castle Pines - - - - - - Castle Rock 257,905 257,905 5.8% 7.0% $12.95 $13.50 Highlands Ranch 337,987 337,987 0.0% 0.0% $12.00 $13.00 Larkspur - - - - - - Lone Tree 137,896 137,896 26.7% 12.9% $13.16 $11.70 Parker 205,269 205,269 0.0% 0.0% $12.58 $16.00 Total Douglas County 2,660,907 2,660,907 3.8% 3.5% $12.92 $12.38 Metro Denver 47,973,508 47,911,277 7.6% 5.8% $13.34 $12.70Retail Castle Pines 315,689 315,689 8.9% 4.8% $21.00 $21.58 Castle Rock 4,192,958 4,101,804 2.2% 2.3% $22.07 $22.86 Highlands Ranch 3,577,359 3,577,359 2.7% 1.9% $20.09 $23.08 Larkspur 25,203 25,203 5.0% 0.0% - - Lone Tree 4,429,414 4,407,179 4.0% 1.1% $27.82 $23.20 Parker 4,567,189 4,546,438 2.3% 1.7% $22.13 $21.61 Total Douglas County 18,916,679 18,711,539 2.9% 1.9% $22.36 $21.56 Metro Denver 175,226,906 174,583,899 5.2% 4.2% $18.98 $18.37

Note: Vacancy rate and average lease rate are for direct space only (excludes sublet space). Industrial and retail lease rates are triple-net. N/A indicates non-applicable; - indicates no data. Source: CoStar Realty Information, Inc.

Commercial Real EstateNote: lease rates for industrial, flex, and retail property are triple-net; office rates are full-service.

Office MarketThe vacancy rate for the office market in Douglas County increased 2 percentage

Office rates are full service. continued on the next pg.

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Commercial Real Estate continued from pg. 5

2021, while the rate in Castle Pines remained at 0 during the period. The vacancy rate in Metro Denver rose 2.4 percentage points to 11.5 percent during the period.

The average lease rate in Douglas County rose 8 percent to $27.80 per square foot between the first quarters of 2020 and 2021. Castle Rock reported the only over-the-year decrease in the lease rate, falling 3.8 percent to $26.65 per square foot during the period. Parker reported the largest increase in the lease rate of 33.3 percent, followed by Castle Pines (+20 percent) and Lone Tree (+8.2 percent). The average lease rate in Metro Denver increased 4.3 percent to $28.95 per square foot, $1.15 higher than the lease rate in Douglas County.

Industrial MarketThe industrial market vacancy rate in Douglas County increased 3 percentage points to 9.3 percent between the first quarters of 2020 and 2021. Castle Rock and Highlands Ranch reported the only over-the-year declines in the industrial vacancy rate, falling 1.6 percentage points and 47.9 percentage points, respectively. Parker reported a vacancy rate of 20.4 percent in 1Q 2020, up from 0.4 percent vacancy during the same time last year. Larkspur and Lone Tree reported 0 vacancy in the first quarters of 2020 and 2021. Metro Denver reported a vacancy rate of 5.9 percent in the first quarter of 2021, up 1.6 percentage points from the same time last year.

The average lease rate for the industrial market in Douglas County declined 19.6 percent over the year to $10.08 per square foot in the first quarter of 2021. Castle Rock reported the only decrease in the lease rate, falling 26.4 percent to $9.05 per square foot during the period. The lease rate in Parker rose 12.3 percent to $13.52 per square foot, while the remaining four submarkets reported no lease rate during the period. Metro Denver reported an industrial lease rate of $8.71 per square foot, an increase of 2.7 percent and $1.37 lower than the rate in Douglas County in the first quarter of 2021.

Flex MarketDouglas County reported a flex vacancy rate of 3.8 percent in the first quarter of 2021, up 0.3 percentage points from the same time last year. Castle Rock recorded the only decrease in the flex market, falling 1.2 percentage points during the period. The flex rate in Lone Tree rose 13.8 percentage points between the first quarters of 2020 and 2021. Highlands Ranch and Parker reported 0 vacancy during the first quarters of 2020 and 2021. Metro Denver reported a vacancy rate of 7.6 percent in the first quarter of 2021, up 1.8 percentage points from the same time last year.

The average flex lease rate in Douglas County increased 4.4 percent to $12.92 per square foot between the first quarters of 2020 and 2021. Lone Tree reported the only over-the-year increase, rising 12.5 percent to $13.16 per square foot. Parker reported the largest

over-the-year decrease in the lease rate, falling 21.4 percent to $12.58 per square foot, followed by Highlands Ranch (-7.7 percent) and Castle Rock (-4.1 percent). Metro Denver reported a 5 percent increase in the flex rate between the first quarters of 2020 and 2021, rising to $13.34 per square foot during the period.

Retail MarketThe retail vacancy rate in Douglas County rose 1 percentage point to 2.9 percent between the first quarters of 2020 and 2021, with five of the six submarkets recording an increase. Larkspur reported the largest over-the-year increase in the vacancy rate of 5 percentage points, followed by Castle Pines (+4.1 per-centage points), Lone Tree (+2.9 percentage points), and Highlands Ranch (+0.8 percent-age points). Castle Rock recorded the only decline of 0.1 percentage points during the period, falling to 2.2 percent. Retail vacancy in Metro Denver also rose 1 percentage point to 5.2 percent.

The average lease rate in Douglas County rose 3.7 percent over the year to $22.36 per square foot in the first quarter of 2021. Lone Tree reported the largest increase of 19.9 percent, followed by Parker that rose 2.4 percent to $22.13 per square foot. Highlands Ranch reported the largest over-the-year decrease of 13 percent, followed by Castle Rock (-3.5 percent) and Castle Pines (-2.7 percent). The retail lease rate in Metro Denver rose 3.3 percent over the year to $18.98 per square foot, $3.38 below the level in Douglas County.

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Provided by:Douglas County Department of Community Development100 Third St.; Castle Rock, CO 80104303-660-7460; www.douglas.co.us

Prepared by:Development Research Partners, Inc.10184 West Belleview Ave., Ste. 100; Littleton, CO 80127303-991-0070; www.developmentresearch.net

Douglas County Commercial Building Permits Issued, 1st Qtr 2021

Jurisdiction Project Description Valuation Total Sq. Ft.

Castle Rock Castle Rock Auto Storage $350,000 23,800Castle Rock 7-Eleven Gas Station $1,985,000 16,432Castle Rock Olinger Funeral Home $1,860,000 8,155Littleton Car Wash N/A 4,770Parker Dominium Maintenance Garage $52,320 N/A

Parker North Water Reclamation Facility Disinfection Infrastructure $289,310 N/A

Parker Lutheran High School West Classroom Addition $2,904,579 19,376

Unincorporated Burning Tree Square Self Storage $1,589,231 21,450Unincorporated Inverness Reunion Rehabilitation Hospital $11,751,999 47,751

Unincorporated Meridian International Business Center North Apartment Clubhouse $289,494 2,925

Unincorporated Sterling Ranch Daycare/Preschool $1,714,477 14,446Source: Douglas County and individual municipalities.

Douglas County Commercial Certificates of Occupancy Issued, 1st Qtr 2021

Jurisdiction Project Description Total Sq. Ft.

Castle Rock Brookside II Skilled Nursing Facility 28,704Castle Rock Town Water Plum Creek Purification Facility 14,927Castle Rock Town of Castle Rock Police Training Facility 6,150Castle Rock The Springs Multi-family Residential Clubhouse 4,255Castle Rock Sleep Number Store 4,002Castle Rock The Springs Multi-family Maintenance Building & Carwash 1,210Lone Tree New Horizon Academy Daycare 13,068Lone Tree In-N-Out Restaurant 3,867

Source: Douglas County and individual municipalities. *Includes all certificates, except remodels, pools and additions.

Nonresidential Development ActivityDouglas County building officials issued permits for 159,105 sq. ft. of non- residential space valued at approximately $22.8 million during the first quarter of 2021. The largest project was the Inverness Reunion Rehabilitation Hospital in unincorporated Douglas County that will add 47,751 sq. ft. of space valued at nearly $11.8 million. Other notable projects included the 23,800-square-foot Castle

Rock Auto Storage and the 21,450-square-foot Burning Tree Square Self Storage in unincorporated Douglas County.

Certificates of completion or occupancy were issued for 76,183 sq. ft. of non-residential space during the first quarter of 2021. The largest project now ready for occupancy is a new Brookside II Skilled Nursing Facility in Castle Rock.

Nonresidential Development Activity continued from pg. 6