Boulder-Based Bear Peak Development Buys 87-Acre Pinery Village for $11M

Bear Peak Development, a Boulder firm, has acquired Pinery Village Phase II, an 87-acre commercial master-planned site in unincorporated Douglas County, for a reported $11 million. The tract includes about 53 buildable acres and lies in the Pinery corridor along North Pinery Parkway with frontage and access near Parker Road (State Highway 83) between Parker and Castle Rock.

The purchase places Bear Peak next to a planned King Soopers-anchored marketplace and fuel station. Broker listings and commercial marketing materials highlight the property's access from North Pinery Parkway and Parker Road, and some listings indicate the King Soopers retail center is already under construction nearby. Multiple reports describe the acquisition as staking a major claim in the Pinery corridor and suggest the deal reinforces local momentum for large-scale housing and retail projects.

At roughly $11 million for 87 acres, the transaction implies an average price of about $126,400 per acre; measured against the roughly 53 buildable acres, the price equates to about $207,500 per buildable acre. Those back-of-the-envelope figures provide a useful benchmark for developers, brokers, and county planners evaluating land values in the Parker-Castle Rock growth corridor, though differences in topography, infrastructure needs, and entitlement status would affect parcel-level valuations.

Key details remain undisclosed in public reporting. The seller, closing date, any financing terms, and Bear Peak Development's post-acquisition program for Pinery Village Phase II have not been publicly identified. Zoning, entitlements, phasing, unit counts, or commercial square footage for future development have not been announced. County records and developer statements will be needed to confirm plans and timelines.

For local residents, the acquisition matters on several fronts. New retail anchored by a King Soopers could increase shopping options and sales tax revenue for nearby jurisdictions while also adding traffic pressure to State Highway 83 and North Pinery Parkway. Large-scale development typically triggers infrastructure reviews, impact fee assessments, and public hearings for utility extensions and road improvements; Douglas County planning and the Board of County Commissioners will be the forums where land-use details emerge.

Market implications extend beyond immediate retail. The purchase signals continued developer interest in the Pinery corridor after years of regional growth between Parker and Castle Rock, potentially accelerating proposals for housing and mixed-use projects that feed grocery-anchored centers. For homeowners and commuters, that could mean faster buildout and shifting traffic patterns. For local policymakers, the transaction underscores the need to align transportation planning, school capacity, and utility investments with private development timelines.

Next steps for residents and officials include reviewing Douglas County parcel and planning records for Pinery Village Phase II, tracking upcoming county planning agendas, and seeking comment from Bear Peak Development and the parties behind the nearby King Soopers project to clarify buildout plans and community engagement. The acquisition is a concrete indicator that the Pinery corridor is entering a new phase of commercial and residential development.