Pure Cycle Corporation Announces Groundbreaking at Sky Ranch
01 Marzo 2018 - 5:34PM
Pure Cycle Corporation (NASDAQ:PCYO) (“Pure Cycle” or the
“Company”) announced today that it has broken ground on its initial
506 lots at Sky Ranch.
The Company has entered into agreements to sell
all 506 lots within this initial phase of its Master Planned
Community known as Sky Ranch to three national home builders.
Sky Ranch will include single family detached homes, paired duplex
homes, multifamily apartments, and over 150 acres of commercial,
retail and industrial development along the fast growing Interstate
70 corridor. In addition to selling lots, the Company will
expand its water and wastewater utilities services to Sky Ranch and
other properties along the I-70 corridor.
“Today’s groundbreaking marks many years of hard
work and dedication from our employees and consultants to plan,
design, permit, and now begin construction on what we believe will
be one of the finest affordable master planned communities in the
Denver market,” commented Mark Harding, President and CEO.
“The Denver market continues to be among the top ranking employment
and housing markets in the country and area statistics continue to
emphasize a significant under supply of entry level affordable
housing product, which we seek to target,” continued Mr.
Harding. “We expect over-lot grading will take approximately
3 months, followed by wet and dry utility construction, with model
home lot deliveries to our three builders in the fall. Sky
Ranch is a key asset in our portfolio, and we welcome the start of
construction,” commented Mr. Harding.
Company Information
Pure Cycle owns land and water assets in the
Denver, Colorado metropolitan area. Pure Cycle provides water
and wastewater services to customers located in the Denver
metropolitan area, including the design, construction, operation
and maintenance of water and wastewater systems.
Additional information including our recent
press releases and Annual Reports are available at
www.purecyclewater.com, or you may contact our President, Mark W.
Harding, at 303-292-3456 or at info@purecyclewater.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements
are all statements, other than statements of historical facts,
included in this press release that address activities, events or
developments that we expect or anticipate will or may occur in the
future, such as [statements about the timing to complete over-lot
grading, wet and dry utility construction, and model home lot
deliveries of design, engineering and construction documents by
local authorities; the solicitation of bids for construction; and
continued oil and gas drilling in our area.] The words
“anticipate,” “likely,” “may,” “should,” “could,” “will,”
“believe,” “estimate,” “expect,” “plan,” “intend” and similar
expressions are intended to identify forward-looking
statements. Investors are cautioned that forward-looking
statements are inherently uncertain and involve risks and
uncertainties that could cause actual results to differ
materially. Factors that could cause actual results to differ
from projected results include, without limitation: the possibility
that the parties to the builder agreements may be unable to satisfy
the conditions to closing the purchase and sale of finished lots,
including obtaining required governmental approvals; the completion
of finished lots may involve unexpected costs and delays; the
demand for housing in the Denver metropolitan area; the risk
factors discussed in Part I, Item 1A of our most recent
Annual Report on Form 10-K.
Grafico Azioni Pure Cycle (NASDAQ:PCYO)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Pure Cycle (NASDAQ:PCYO)
Storico
Da Giu 2023 a Giu 2024