Dillon Gateway Development gets green light
August 1, 2016
Ivano Ottoborgo sits at a table in Adriano's Bistro; a business that has remained in the family since 1987. The Italian restaurant, with sweeping views of the lake below, will soon be the site of a mixed-use development.
"Our family is looking at developing on our own piece of property," Ottoborgo said. "This is a big deal for the town of Dillon. We have some community members come in and ask us when it's starting."
Known to the town as the Dillon Gateway Development, for its location near the juncture of Lake Dillon Drive and Highway 6, the development will feature a mix of commercial units, market-rate condominiums and workforce rentals.
Ivano's son, Danilo Ottoborgo, said the project would be one of the first major developments to come to the town in several years.
"We want to show this is possible, and that it can be done to a high standard," he said.
The town's planning and zoning commission approved the plans as modified on July 6, with new renderings in a mountain contemporary style created by Denver-based architect Studio PBA. The original architect, Stuart Hutchinson, passed in December 2015 after Ottoborgo approached the town with preliminary plans.
"It'll be great to kick off some town redevelopment with a project like that," Dillon town manager Tom Breslin said. "It will drive some density into the town, add a nice new restaurant and other commercial opportunities."
The commercial space at the base of the building will include an updated rendition of Adriano's Bistro, a coffee shop run by the same family and 300-square-foot commercial spaces that Ivano Ottoborgo described as "little boutique stores."
"We've tried to think of as many things as we possibly can to make this unique," he said.
The complex will also feature a fitness room, ski storage and a community room. The first and second floor will house apartments for rent, ranging from one to three bedrooms. Two of the apartments will be set at 70 percent of the area median income (AMI), one will be set at 80 percent AMI and the rest will be market-rate rentals restricted to the local workforce.
"We used to live out by Green Mountain Reservoir," Ivano Ottoborgo said. "I can feel for people who live there and commute to Summit County. The gas alone was half of our rent."
The top three floors of the building are dedicated to 44 condominiums ranging from one to four bedrooms, for sale at the market rate. Three of them will include a glass, wraparound atrium.
the right timing
Ivano Ottoborgo first considered the project about 10 years ago, when he looked to renovate the restaurant. He and his dad originally opened it in 1987. He had planned to develop prior to the recession, but revisited plans in 2014.
"I think the timing of this is really great with a lot of people coming to Colorado," Danilo Ottoborgo said.
Ivano Ottoborgo and Daniel Eilts, the owner of the neighboring Lake Dillon Conoco, purchased 2.3 acres from the town of Dillon last year for $549,000. The land had been annexed into Dillon's Urban Renewal Authority, allowing it to be used for development.
"If we renovate this building, it's just an old building brought up to code," he said. "We wanted to look into developing it."
At this stage, Ivano Ottoborgo said his and Eilts' developments will be separate.
"We are in together as in we are supporting each other," he said. "We're trying to say there's potential here, let's do something."
Ivano Ottoborgo plans to break ground next spring, with hopes of wrapping up construction in 2018. Pre-sales will open on Monday.