To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Brad Boland, AICP, Long Range Project Manager
Title
Update: Residential Unit Data (through June 30, 2024) with Potential Buildout Estimates
Body
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Executive Summary
The purpose of this quarterly residential unit data update is to provide an overview of development activity and estimated population projections. This update includes data through the second quarter of 2024, ending on June 30, 2024. The data outlines the maximum zoning entitlements and growth areas approved by Council and provides an update on the pace of activity in each area of Town. During the second quarter of 2024, there were 105 single family units completed, for an estimated increase of 319 new residents overall. The current estimates show an approximate population of 85,818 through June 30, 2024.
Staff continues to update the potential realistic buildout estimates as more information becomes available, and updates them with each quarterly report. The potential high and low buildout calculations provide more realistic unit and population estimates to aid in planning for future Town resources.
The down zoning of a portion of Memmen Young or the Alexander Way annexation are not reflected in this report as they have not yet been recorded by the end of the 2nd quarter.
Attachments
Attachment A: Town of Castle Rock PD Zoning Map
Attachment B: Unit Data through June 30, 2024 with Potential Buildout Chart