Silverthorne plans to add eight new buildings and an outdoor rock climbing wall to the city’s core area

This rendering shows the North Fourth Street development, which includes eight buildings. One of those buildings contains more than 100 housing units for the workforce.
MW Hudson LLC/Illustration Courtesy

The heart of Silverthorne will develop further now that Silverthorne City Council approved the planned unit development and final site plans for Fourth Street North on Wednesday.

The site will include Eight buildings — a multi-family condominium unit, four mixed-use commercial buildings, one small commercial plaza, one hotel with 111 keys and a parking garage — sit on just over four acres of land. Fourth Street North is an extension of Fourth Street Crossing, another large-scale downtown development that includes the Hotel Indigo and Bluebird Market.

The condominium will feature approximately 132 bedrooms designated for Summit County employees. There will be two-bedroom, three-bedroom and four-bedroom options, and they will be rented on a “bedroom” basis. This means that each inhabitant will be billed individually for rent and utilities. Currently, the plan is to offer 60% of bedrooms at rent equivalent to the 60% median income threshold for Summit County. For a one bedroom, 2021 minimum space is 60% median income $1,009.50. The rest of the bedrooms will be rented at the prevailing market rate.

City Councilman Amy Manca said her initial concern when looking at the site plan was that by treating each room as an individual unit, it could create parking problems for residents.

“I live in workforce accommodation, and we see parking problems,” she said. “Also, I’ve seen, on the Internet, people who work in workforce housing—say, in Keystone—know they’re not going to get parking, but they bring their cars. They’re online, trying to find a parking space for rent somewhere, And I don’t want to see this problem go off here.”

Addressing concerns about parking for people living in the complex, Tim Fredrigill, executive director of development for the project, said the final site plan had enough to accommodate residents they plan to accommodate based on a parking study that was required by the village.

The (Parking Study) found a ratio of about 0.5 parking spaces per bedroom as an appropriate ratio based on that competitive group. On our property, we have 0.65 more per bedroom, so we’re a bit above what was estimated by the parking study,” Fredriguel told City Council on Wednesday. Off-site cars – this is not an ideal solution. We hope we don’t have to use it, (and) we don’t think we will need to use it. But if we need it, it’s there.”

The parking garage will have three levels of parking for 190 places, and each mixed-use building in the project also has ground floor parking as well as some street parking. Altogether across all available locations, Fourth Street North will contain 404 places.

In one corner of the garage, current plans included a 65-foot-high rock climbing wall. Next to the wall are the storefronts on the ground floor of the garage, which Fredriguel said could be used for local outdoor outfitters or for group bookings looking to use the rock wall. Council member Mike Spry has been wary of the idea – specifically its longevity and adaptability. Spry said that with staffing concerns with other retailers in the city, he’s not sure the wall can be fully staffed to remain in operation. There is currently no exact contingency plan, Fredriguel said, but it is possible to dismantle the rock wall and replace it with something like a mural.

The final site plan for Fourth Street North also includes a 65-foot climbing wall, outlined in beige on the left, to be attached to the site’s parking garage.
MW Hudson LLC/Illustration Courtesy

Mayor Anne-Marie Sandquist said that over the past few months, several town leaders have worked to secure final approval for the development of Fourth Street North and one step away from the downtown Silverthorne area. Established in 1967, the town was built to house workers who were tasked with building the I-70 Tunnel and Dillon Dam. For this reason, Silverthorne does not have a downtown area as traditional or historic as other municipalities, which is why the city has worked with developers to bring these large projects to life.

“Obviously, this is a long process,” she said. “A lot of work has been done, and it seems to be going faster tonight. I want to kind of thank Tim (Fredrigel), and I want to thank the staff for all the work you guys put into this — because I know that was a lot.”

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