Frisco developer hopes to build in Silverthorne core |

Frisco developer hopes to build in Silverthorne core


SILVERTHORNE – The developer who is working on a retail development behind the Frisco Safeway also wants to build a retail development on town-owned land in Silverthorne.

North of the Silverthorne Pavilion, Peter Cudlip of Alberta Development Partners, wants to build a series of stores and restaurants on 2 acres located beside the Blue River, next to Highway 9.

Cudlip has been talking with Silverthorne community development director Mark Leidal. The property is under contract and is zoned for retail, office and restaurant.

Cudlip’s offices are based out of Greenwood Village south of Denver. His company invests in, acquires and develops land.

Pervious attempts to develop the town-owned parcel went sour several years ago.

Would-be developer Doug Salter of SRC Associates originally sued the town in October 1999 for terminating his contract to build a town center on the full, 9-acre property between the Blue River and Highway 9.

Town attorney Jerry Dahl said the town terminated the contract because Salter did not follow through on written agreements in 1998. Salter did not meet deadlines to submit leases from businesses who would occupy the planned development, Dahl said.

Salter lost the suit, the town announced in April.

Meanwhile, the Silverthorne Pavilion was built and opened in June 2001 on the east side of Blue River Parkway. The pavilion cost $4.3 million to build with a repayment cost of $9.8 million.

The idea for the town land is to generate traffic and spending along the Blue River.

The potential interest in developing the town core is the fifth new economic initiative in Silverthorne announced in the past several months.

An urgent care center, a medical office building with walk-in clinic and a proposed exterior renovation of the Silverthorne Factory Stores have been keeping town planners busy. A second urgent care center is promised by Vail Valley Medical Center, though a development application has not yet been filed, said town planners.

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