Graystone would add homes near Sheraton

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— The developers of a new residential subdivision at the Sheraton Steamboat golf course are tentatively scheduled to go back to the city Planning Commission on July 27.

Graystone Park and a plan to create five more lots from golf course land, would create 19 new home sites where buyers would be required to build homes no smaller than 3,500 square feet, not including attached caretaker units. Graystone Park would be built on a scrub oak and boulder-covered hillside immediately east of the golf course clubhouse. Construction of the subdivision would require relocating the main entrance to the golf course from Clubhouse Drive to Steamboat Boulevard.

Graystone marks the second time in 2.5 years the owners of the Sheraton properties have approached the city to develop a new subdivision close to the golf course. Stonebridge Preserve, which includes 12 luxury home sites next to Fish Creek and the 18th green, is nearing completion on Steamboat Boulevard.

The formal name for the developer of Graystone Park is Ski Time Square Enterprises. That business entity shares owners with the Sheraton Steamboat Resort and Conference Center, the Sheraton golf course and commercial buildings in Ski Time Square.

City Planner Leif Myhre said Graystone has gone through several changes since it was first submitted to the city in December 2000.

"They've change their design three or four times," Myhre said. "They're in (technical advisory committee) meetings right now."

The developers had originally sought 14 home sites with the potential for five additional lots. Now, they're seeking to subdivide all 19 lots, Myhre said.

Sheraton General Manager Chuck Porter said the additional five lots would tentatively be platted at the same time as Graystone Park, but are actually a separate project. The land for the five lots would come from within the boundaries of the golf course, and the proceeds from their sale would be used to establish a fund for the construction of a new golf course clubhouse.

Porter said the golf course advisory board has approved that strategy, and the general membership have given informal approval.

No plans or conceptual drawings for the clubhouse and its related facilities have been made, Porter said. His personal goal, he added, would be to see the new clubhouse built within 5 years.

Of the 12 lots in Stonebridge Preserve, six are sold and the first home has broken ground, listing Realtor Dan Picaro of Steamboat Village Brokers, said. The price of the lots ranges from $525,000 to $595,000.

Picaro said curbs along the subdivision road are complete and paving is scheduled to take place July 12. The paving project also involves a short section of Steamboat Boulevard. Landscaping in the subdivision is 90 percent complete and there remains work to be done on the formal entrance, he added.

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