New construction projects on the horizon

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The days when residential developers here plunged into major projects without waiting to build up pre-sales have receded into turn-of-the-century memories.

But that doesn't mean there aren't any new projects on architects' CAD systems, or even coming out of the ground.

On Steamboat Boulevard, just down the hill from the Steamboat Grand, a partnership of two veteran Colorado homebuilders is preparing to break new ground in Steamboat literally and figuratively.

The Porches will offer prospective buyers the option of either whole ownership or interval ownership in a high-end townhome project. Principles at Ashcroft Homes of Denver and Structural Associates of Glenwood Springs say they are aiming for trophy-home construction values at a price point of $300 per square foot. They are building the second model in what would be a 66-unit project at build-out.

People shopping The Porches might compare the townhomes to the "cottages" at Anglers Creek. Anglers is farther from the ski slopes, off Anglers Drive and Rollingstone Drive. The 18 single-family home sites are close to shopping and dining but tucked into a pine forest near Fish Creek. Architecture is required to conform to an "Old World" cottage style.

Less than a mile from the base of the ski area on Village Drive, Ken Gold of RE/MAX Steamboat is shepherding his third consecutive project on behalf of Wintergreen Homes of Avon.

Sunray Meadows will add significant inventory in the high-demand $250,000-and-below housing market.

Wintergreen previously developed the Villas at Walton Creek in 1997 and the Quail Run townhomes, all in the same neighborhood south of Walton Creek Road.

When the company arrived in Steamboat five years ago, it intended its products to appeal to full-time residents. What they found was that projects appealed to locals and a demographic range within the vacation home market.

The townhomes include garages and gas fireplaces. They are on the city bus line, providing convenient access to the ski area, shopping and restaurants.

Early pre-construction pricing at Sunray Meadows is at $196,900 for a two-bedroom, two-bath unit measuring 1,012 square feet. Moving up to a three-bedroom model at 1,161 square feet requires a price jump to $249,900.

Closer to the ski area, Daytona Beach developer Richard Friedman is attempting to pull off a triple play in the well-established Eagleridge Subdivision. Friedman is hoping to pull a building permit this summer for the luxury condo tower known as The Chadwick.

The building will go up in what is now a parking lot at the corner of Village Drive and Apres Ski Way. The lane to the gondola parking lot is just across the intersection. Developers say the project will set a new standard for guest service in Steamboat.

Buyers at the Chadwick will be paying a hefty price per square foot as well as substantial association fees. The 23 units in the six-story building will range from about $575,000 to $1.2 million and come in at about $341 to $576 per square foot. The average size will be about 2,000 square feet.

The high level of concierge service offered by the Chadwick and its cousins will result in annual fees as high as $15,000.

Its first floor will be home to commercial tenants including a gourmet market and deli.

Friedman has already picked up the foundations for the Eagle Glen project, which foundered when the market went flat two years ago. That project would create townhomes that will appear to be single-family homes.

Finally, Friedman has entered the city planning process with a condominium project called Eagle Crest.

The 12 condos would offer four bedrooms in a floor plan of 2,600 square feet. They would be divided among three buildings.

Kreissig Homes is set to begin its third townhome project in the area of Chinook Lane not far from Walton Creek road. Pre-construction pricing on The Willows at Steamboat Springs begins at $265,000.

The Kreissig projects, including Willowbrook Townhomes, have gained a reputation for some of the best values in the middle range of the local market.

New housing prices in Steamboat's city limits are driven by the cost of undeveloped land. One of the newest residential subdivisions is MontView Park, tucked into a secluded nook that is close to the shopping and dining in Central Park Plaza, but shielded from automobile traffic. The 11 lots begin at $205,000. Caretaker units are permitted, offering owners some income options.


-- To reach Tom Ross call 871-4205

or e-mail tross@steamboatpilot.com

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