Peter McGrath and Janet Fox Transform Abandoned Parcel into Luxury Home

  • Former JCPenney executives Peter McGrath and Janet Fox spent over $17 million on cleaning up and building a ranch-style home on their Colorado estate.
  • The Sage Ridge estate is now listed for $30 million.
  • The property offers views of the Rocky Mountains and has amenities like a gym and 42 solar panels.

Former JCPenney executives Peter McGrath and Janet Fox have listed their Colorado estate, Sage Ridge, for $30 million after spending over $17 million on cleaning up the property and building a 5,750-square-foot ranch-style home. The estate offers stunning views of the Rocky Mountains and features amenities such as a gym and 42 solar panels. The couple met at JCPenney and have split their time between Arizona and Colorado.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the luxury home sale and renovation process, including details about the property, its previous owners, and the surrounding area. It also includes quotes from the current owner, Peter McGrath, which adds credibility to the story.
Noise Level: 6
Noise Justification: The article primarily focuses on the details of a specific luxury home sale and renovation project, which may not be relevant or useful for most readers. It provides some information about the property’s history and features but does not offer any significant insights or analysis beyond that.
Public Companies: JCPenney (JCP), Under Armour (UA), RadioShack (RSH)
Key People: Peter McGrath (former executive vice president of private brands at JCPenney), Janet Fox (former senior vice president of sourcing at JCPenney), Ann Abernethy (real-estate agent at Compass), Luis Menendez (architect)

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Financial Relevance: Yes
Financial Markets Impacted: Real estate market in Colorado
Financial Rating Justification: The article discusses the sale and purchase of a luxury home in Colorado, which is related to the real estate market and can impact its values.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in this article.
Move Size: No market move size mentioned.
Sector: Real Estate
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.wsj.com