Silverthorne OKs final site plan for 92-unit housing project
Silverthorne Town Council approved the final site plan for the River West condos on Wednesday, giving developers the go-ahead on their designs for a 92-unit housing project in the downtown area.
The developers have scaled back plans for the four-acre parcel between 890 and 970 Blue River Parkway somewhat, coming down from 94 units to their newest count, which call for 54 two-bedroom condos, 20 one-bedroom units and 18 studios across 10 two- and three-story buildings.
The town has a 35-foot cap on building heights in the area, but council was willing to let the developers go over it by a little over a foot with some of the building’s design accents being responsible for the overage. Previously, the developers had been looking to exceed the height limit by approximately 4 feet.
Council backed the developer’s plans on a 5-1 vote Wednesday with Councilman Bob Kieber in dissent. Expressing perceived issues regarding snow storage, river access, building height, traffic and the number of trash bins for the 92 housing units, Kieber said he didn’t support the project last time and couldn’t support it now.
However, other council members were highly complimentary of the developers’ plans and thanked them for revisions made and for working with the town on the project.
The project is being spearheaded by TG Developers, which has also agreed to put a 1 percent real estate transfer assessment for the town on the second sale of each condo and all subsequent sales of each condo, in addition to granting the river and a pedestrian path to the town.
The developers also say several units will be maintained as long-term rentals.
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