Steamboat Springs With a name like The Porches at More's Corner, it is not hard to figure out one of the main features in the 64-unit, luxury townhome development.
More's Corner was designed to give homeowners the feel of a turn-of-the century neighborhood with front porches facing the street to encourage a pedestrian and neighbor friendly environment. Colorado Group Realtor Randall Hannaway calls it one of the highest quality products Steamboat has seen.
Sitting slightly off the corner of Steamboat Boulevard and Mount Werner Road, the development draws from the historic rural ranches and barns found in the Steamboat area. In fact, the property was purchased from Jerry More, who still owns the More Barn that is often featured in promotions about Steamboat and is not far from the development.
Those rustic elements include farmers' rock stone veneer, cedar beveled lap siding and heavy timber beams, columns and trusses.
"This hasn't really been done in Steamboat nowhere near the quality, not the same thing or level," Hannaway said. "I know the product (in Steamboat) really well and there hasn't been anything like this."
The first unit and model is being built this summer. The development is planned for around 64 townhomes sold as wholly owned and co-owned private residences. Floor plans range from three to five bedrooms with two car garages, multiple fireplaces and, of course, the porches.
The wholly owned homes would range in price from $1.3 million to $1.4 million and the co-owned homes would be sold at $300,000 to $325,000 per share with seven shares.
Hannaway said the co-owned homes cost more because the amenity use increases with co-owned homes. The smallest unit will be around 3,000 square feet with the largest being around 4,000 and each unit comes with an additional 600 to 700 square feet of storage.
Hannaway, who was chosen by Ashcroft Homes and Structural Associates Company to sell the project, said he has a list of about 35 names from people with a high degree of interest and expects to start a marketing campaign in late fall.
Although Hannaway said Steamboat has not seen this type of home on the market, the builders come with much experience in furnishing top of the line buildings. Structural Associates is based in the Glenwood Springs area and has worked in Aspen and Vail with homes featured in national and regional magazines.
"They are people who really know what they are doing in mountain building for very high-end clients with very high standards," Hannaway said.
During the early stages of construction, Hannaway said the company's attention to detail has meant redoing a driveway to change grading from 6 percent to 4 percent . That quality, he said, would remain throughout the entire project.
Ashcroft Homes comes from Colorado Springs and Fort Collins, has gained most of its experience building developments along the Front Range and builds around 150 homes per year.
Before the development was started, Hannaway said market research was done and the developers found that Steamboat did not have the high quality amenities that high-end homeowners wanted.
"The market research drove not price so much as it drove the amenities, style of architecture, the size of units, quality of units and appliances," he said.
Those higher end items would mean plaster being used instead of drywall, multiple fireplaces, the heavy timber trim, top of the line appliances, stone countertops, wooden doors and hardwood flooring. Plenty of storage space to hold kayaks, bikes and ski equipment is another amenity second homeowners want, Hannaway said.
The amenity building, expected to be around 7,500 square feet, will include a pool, clubhouse, outdoor kitchen and 24-hour front desk concierge service.
Another selling point, Hannaway said is the development's location just a block and a half away from the ski area, a couple of blocks from the hospital, and across the street from where a major commercial development is planned and the future site of Strings in the Mountains.
Hannaway said the project should be sold out in two and a half years and construction completed in four years.