The firm formerly known as Larsen Development Co. has sold to Jeff Englund, a longtime employee and the company’s president.
The acquisition will enable the company, now known as Larsen, to broaden its reach into the Denver market and further establish itself as an authority in creating luxurious custom homes.
When he started with the company a decade ago, it was known primarily as a Wash Park builder.
But in the past four years, Englund has pushed the company into building luxury infill homes in more areas.
“We’ve built 14 homes in the Columbine Country Club area, including seven on Fairway Lane,” he said.
Englund, who studied environmental design and architecture at the University of Colorado Boulder and has a master’s degree in architecture and an MBA from the University of Colorado Denver, said the company with 12 employees will continue to work on eight to 12 projects per year.
Larsen has eight homes under construction and 10 in various earlier stages, from planning to design to permitting.
The new Larsen will continue prioritizing architecture, interior design, new construction and remodels in the luxury real estate space.
Englund purchased the company for an undisclosed price from company founder Larry Larsen.
Englund, who worked for the company for a decade and served as president for the past five years, said the purchase was the result of a succession plan.
Larsen, who earned a degree in architecture from Kansas State University and worked for the U.S. Navy Corps of Engineers, established the firm in 2002 with a clear mission: to build 10-12 custom homes per year in Metro Denver’s affluent neighborhoods.
Englund estimates the company built more than 100 homes in the past decade at prices ranging from $1 million to $8 million.
Although Larsen is stepping back, don’t call it a retirement, Englund said.
“People like Larry and I will never truly retire,” he says.
For example, Englund said that Larsen recently completed an interior stair remodel for a client who built a home 14 years ago.
In addition to changing the company’s name, Englund promoted Lauren Browne to operations director and Cory Leal to construction director.