To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Julie Kirkpatrick, PLA, ASLA, Long Range Project Manager
Title
Update: Residential Unit Data (through December 31, 2020)
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. On November 3, 2020, staff presented an updated residential unit data report through the third quarter of 2020. This update includes data through the fourth quarter of 2020, ending on December 31, 2020. 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. The current estimates show an approximate population of 75,006, which is an increase of about 1,033 persons from the previous quarter. There were 289 additional single family and 0 multi-family units receiving certificates of occupancy within the fourth quarter of 2020 as compared to the previous quarter. Additionally, the rezoning of Oakwood Apartments added 45 more residential units and Sellers Landing condominiums has been corrected for 94 units and is now included within the overall zoning entitlements of the Town.
Findings
The data shows that the Comprehensive Master Plan adopted in 1999 and updated in 2002 and in 2017, was on track with projections that the Town may grow to an estimated 86,000 to 159,000 residents. The Town’s current data, through December 2020, is estimating a maximum zoned/entitled population of 142,905 residents. On average, given the amount of land available for development, the likelihood of the larger planned developments reaching the maximum density allowed through entitlements is low because there are a larger number of entitled units remaining than available land to build those units.
Additional, we will soon get final census reporting for our community for April 1, 2020. Various factors play into each community’s population that the federal Census report will have, and it will likely vary from the internal number that staff tracks. We anticipate that our numbers may be higher, as we track every residence that has a certificate of occupancy, and do not survey or report on vacancies or second-home type scenarios. The focus of this report is on the maximum zoning entitlements and then population estimates are made on available residential units in Town.
The Town of Castle Rock is an attractive community to live, work and play in, and we expect it will continue to attract residential and commercial growth for many years to come.
Attachments
Attachment A: Town of Castle Rock PD Zoning Map
Attachment B: Potential Development Map of Major Planned Development Areas
(Data through Dec. 31, 2020)