Granite Street has numerous working projects
New developments are in progress down the entire length of Granite Streets eight blocks.Visible from the historic park, the new Royal Mountain Lodge development fills its lot at the corner of Granite Street and 1st Avenue. The building, which replaces the old Lark Mountain Inn, will be 40 feet tall and house 4,300 square feet of commercial space and 10 residential units, including one deed-restricted condo.Down one block, at the corner of 2nd Avenue and Granite, developers Mark Sabatini and Tom Hallin demolished several ramshackle cabins and plan to build five residential units above ground-floor commercial space.Our plan is to have a live-work type of arrangement, Sabatini said of the intended Sawmill Building.Further down the north side of Granite, between 3rd Avenue and 4th Avenue, two new single-family homes went up last year and the foundation has already been poured for a third. The three-story homes, known as Granite Courtyard, range in height from 34.6 to 36.75 feet and the first two sold for around $700,000 each.The construction underway at the northwest corner of 6th Avenue and Granite is one of only four developments in the last eight years to take advantage of a now-defunct height bonus in Friscos zoning code. Because the buildings have underground parking, a height of 44 feet was approved by the planning commission. The project, called the Bears Den, replaces an older frame house burned in a training fire last year and includes 17 residential units, two of which will be affordable housing.Directly across 6th Avenue from the Bears Den, the Rocky Mountain Bible Church plans to tear down its existing office and start work on a multipurpose office and recreation structure this summer. The new building is approved for 5,900 square feet of finished space and has approval to be 36.9 feet tall. No plans have yet been filed with the town for redevelopment of the Boardwalk building at the east end of Granite. Local developer Paul Veralli owns the property where the veterinarians office stood adjacent to the Boardwalk, the Boardwalk building itself and land extending back to the fire station on 8th Avenue. His preliminary designs for the property included more than 12 residential units.Two developments between Granite Street and Teller Street are nearing completion. A high-end development of four attached townhomes sits on a lot on 4th Avenue where a small cabin was demolished after being used for local law enforcement training.The corner of 3rd Avenue and Teller Street is the site of Teller Crossing Luxury Townhomes. The developments four units range in price from $796,000 to $899,000.Further south of Granite Street, at the corner of Pitkin Street and 2nd Avenue, a cabin dating from 1948 is undergoing a major renovation and expansion. According to Coldwell Banker in Frisco, the renovated home is being offered for $1,045,000.Upcoming developments in the rest of FriscoTwo other major developments are slated to break ground this summer. Both took advantage of the height bonus for underground parking when their plans were approved.Marina Park, started in 2002 on the north side of the Summit Boulevard intersection with Main Street, will add two new connected buildings for a total of 12 more units.The existing 10 units sold new for between $450,000 and $800,000.A 30-unit development, known as Timberline Cove, is being built on the reservoir near Lakepoint Tower condos. Because its zoned in the accommodation district, rather than in residential or mixed-use, application of the height bonus will allow the development to by 57.2 feet tall.
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