Another S’thorne ranch sold to home developer | SummitDaily.com
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Another S’thorne ranch sold to home developer

NICOLE FORMOSA
Summit Daily/Brad Odekirk
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SILVERTHORNE – After several years of dormancy, the prospect of development on the Clark Ranch north of Silverthorne has resurfaced.Compass Homes Development, LLC purchased the 192-acre ranch on Dec. 23, 2005, for $8.5 million, according to the Summit County Property Information website.The property was owned by Boulder-based Seminole Land Holdings, which also owns most of the nearby Smith Ranch and the Heitt Ranch.The Clark Ranch forms a bowl-like background to the Ponds development and lies just south of the Silverthorne Elementary School and east of the Blue River.

The town annexed the Clark Ranch in the early 1980s as part of the Eagle’s Nest Master Plan and applied zoning that allowed for a 350-room, six-story hotel and up to 700 multi-family homes, as well as seven to 14 single family homes, according to Silverthorne community development director Mark Leidal.That zoning is no longer realistic and the town would need to work with a developer to determine what’s feasible with the site’s challenging topography, said Silverthorne Mayor Lou DelPiccolo.”There’s just no way that anything of what has been on the books can go in there, not even by a long stretch of the imagination,” DelPiccolo said.The property’s layout includes a steep slope that drops into a pond area nestled against the Blue River that could include some wetlands, he said.A developer could also face some unstable soil on the slope, he added.

“We’re obviously willing to work in good faith with whomever comes along, I just hope there is a very clear realization that it is a very challenging site and has to be dealt with a great deal of sensitivity and realism,” DelPiccolo said.For the town, the important issue would be looking at what kind of development the land can sustain as opposed to focusing on a mathematical formula for reducing density on the land, he said.Although Compass Homes has not submitted any formal plans for the land, Leidal said a company representative has indicated it will start with some rough plans Centex Destination Properties left behind three years ago.In early 2003, Centex proposed 410 homes on 570 acres between the Clark Ranch and a neighboring piece of land to form a high-end golf course community called the Blue River Club. When that deal fell through, Centex considered developing 200 to 300 homes on just the Clark Ranch, although the company never moved forward with the idea.

The first steps for a new developer would be to submit a major planned unit development amendment for how they see the property best developed, followed by a sketch plan, Leidal said.According to its website, Compass Homes, LLC is also developing 18 high-end duplexes at The Raven Golf Course called Osprey Reserve. The company also built the Watch Hills condominiums and Prospector Village in Wildernest, The Lodge at Riverbend in Frisco and the Meadow Creek duplexes in Frisco, and several projects in Florida.A call to Compass Homes was not returned Tuesday.Nicole Formosa can be reached at (970) 668-3998, ext. 13625, or at nformosa@summitdaily.com.


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