Frisco’s Peak One Neighborhood sees big response
FRISCO – As developers for Frisco’s new Peak One Neighborhood ready to break ground, desire to procure an affordable home apprears to be running high.”Forty people registered in the first 41 minutes of online registration,” said lead Ten Mile Partners developer David O’Neil. “The response was excellent, but not surprising as the community spent two years in a master planning process, which clearly defined the housing need.”Interested residents were able to get on the waiting list with a refundable $500 deposit starting April 6. O’Neil said he’s now focused on working with each individual on the list to identify their housing needs and timeline.The new deed-restricted neighborhood is set to be built south of Main Street starting this spring on the 12.68-acre Peak One parcel, and the plan will include 70 units in a mix of duplexes and single-family homes.The pending units will range from small cabins (around 800 square feet) to single-family homes up to about 2,000 square feet. The homes are being made available to people making between 80 percent and 160 percent of the area median income, or income ranging between $68,000-$136,000 for a family of four. Ten Mile Partners anticipates that construction to build-out will take at least five years.Pending Summit Combined Housing Authority approval of locals now on the developer’s waiting list, it seems likely housing built this summer will be filled.The first phase of building will consist of 12 homes, and Frisco’s Traditional Neighborhood Builders, Inc. will be in charge of construction.”Our immediate focus is upon value engineering, completing construction drawings, finalizing cost estimates, obtaining grading permits, scheduling and contracting,” said Traditional Neighborhood Builders president Dan McCrerey. “We expect to break ground within 30 days, with the first homes completed this fall.”McCrerey also noted that Traditional Neighborhood Builders has a long history of using Summit County-based subcontractors. “Almost all of the Peak One subcontracting business should be with locals,” he said. “In addition, with the exception of manufactured components not available locally, most construction materials will be purchased from locally owned suppliers – which will be great for the local economy.” Ten Mile Partners – consisting of Breckenridge Wellington Neighborhood developer O’Neil and Wolff/Lyon architects of Boulder, Breckenridge architect Matt Stais and Frisco builder Dan McCrerey – won the bid for development design last year.Ten Mile Partners will be in front of town council on April 27 for the dedication of land for parks and recreation.For more information about the Peak One Neighborhood, visit http://www.peakoneneighborhood.com. Caitlin Row can be reached at (970) 668-4633 or at firstname.lastname@example.org.
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