There is no precise timeline for progress in the Rocky Mountain Center for Innovation and Technology project, but the area surrounding the business campus has sparked hope among residential developers.

Two housing developments are under way in the area next to the former Agilent Technologies campus, and the developers are anticipating that the hundreds, if not thousands, of new jobs created by the project will help them find buyers.

Boulder Creek Builders will begin building homes in the Quarry Lake development, located along Taft Avenue between First Street and Carlisle Drive. Quarry Lake was formerly named The Quarry, and was originally developed by Loveland developer Jeryl Benner beginning in 2006.

The Great Recession hit the development hard, and Loveland-based Advantage Bank eventually foreclosed.

Boulder Creek Builders purchased the property in mid-2011 and has sold two homes so far, according to David Sinkey, principal at Boulder Creek Builders. Two more model homes are under construction and are expected to be ready for showing in April.

The development will eventually contain 20 patio-style homes with prices starting at $350,000, Sinkey said. He hopes to capitalize on the