Thursday, December 18, 2003
A California developer is proposing to build 19 residential condominiums in a single three-story building on Anglers Drive.
Charlie Sher of Solana Beach, Calif., has entered the city planning process with a project called Sundance Creek. Sher also has a home in Steamboat Springs.
Sher acquired a 2.4-acre parcel of undeveloped land on the north side of Anglers Drive that was originally a piece of the new phase of Sundance Plaza. Jim and Susan Larson purchased the larger 15-acre parcel for $1.2 million in January 2002, then spun the parcel off to Sher to use for residential units.
"We're trying to appeal to first-time buyers," Sher said. "It's urban living. We want to hit on somebody who wants a nice product. We'd like it to be accessible to employees" working in the area.
Sundance Creek will be similar to The Pines condominiums on Pine Grove Road, Sher said.
Two of the Sundance Creek condominiums will be one-bedroom units; the rest will have two bedrooms. The units will range from 1,077 square feet to 1,248 square feet. Five of the ground floor units will be designed to be accessible, Sher said.
Each owner will have a parking space in a covered carport.
Sher said he is involved primarily in commercial projects in California and has developed several million square feet of commercial properties in the San Diego area.
After Sher remodeled one home in Steamboat and purchased another, Realtor Ron Wendler of Colorado Group Realty interested him in the Sundance parcel, Sher said.
"Unfortunately, I'm a deal junkie," Sher said. He hinted that he is interested in more projects in Steamboat.
Sher would like to begin pre-sales once the project gains city approval, however, he intends to break ground next spring with or without advance sales. It's too early to put a final price on the units, Sher said, but he'd like to bring them to market for $230,000 to $250,000.
"I think we're well positioned," he said.
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