Sky Cliff Center

by Oct 3, 2024Affordable Housing

Sky Cliff Center

by | Oct 3, 2024 | Affordable Housing

Services: Specialized Market Research and Absorption Location: Castle Rock, Colorado THK assisted the Sky Cliff Center with a specialized residential market research and absorption analysis. The Sky Cliff Center's initiative to develop 64 residential units for households with individuals with Intellectual and Developmental Disabilities (IDD) presents a significant opportunity to address a specialized housing need. THK's residential market analysis is a significant component in determining the feasibility and long-term success of the Sky Cliff Center IDD project. THK evaluated and assessed the demand for IDD housing, affordability, and pricing models for the target demographics, the long-term financial viability of the development, and provided recommendations for ensuring that the project aligns with the community's need for IDD housing within the target community. This project provided actionable recommendations to the Sky Cliff Center by ensuring the project meets the needs of the IDD community and remains financially viable. Also, THK highlighted steps for community engagement, pricing adjustments, or operational strategies that will contribute to long-term success. This structured analysis assisted the Sky Cliff Center to confirm that its proposed development aligns with the specific needs of the IDD community, ensuring both community impact and financial sustainability.

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