Silverthorne plans so as to add eight new buildings, outside mountaineering wall to city core space

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This rendering shows the Fourth Street North development, which includes eight buildings. One of these buildings contains over 100 units of worker housing.
MW Hudson LLC/Image courtesy

Silverthorne’s town center will continue to develop after Silverthorne City Council approved the proposed unit development and final site plans for Fourth Street North on Wednesday night.

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

The housing unit will have approximately 132 bedrooms, which are restricted to Summit County employees. There will be two, three and four bedroom options, rented by the room. This means that rent and ancillary costs are billed to each resident individually. The current plan is to offer 60% of the rooms at a rent that meets the 60% threshold for Summit County’s median area income. For a bedroom, the 60% median square foot income threshold for 2021 is $1,009.50. The remaining rooms are rented at the usual market price.

City Council Member Amy Manka said that her initial concern when looking at the map was that treating each space as an individual entity could create problems with residents’ parking.

“I live in a workers’ shelter and we see parking problems,” she said. “Also, I’ve seen on the internet that people in workers’ shelters – for example at Keystone – know that they won’t get a parking space, but they bring their car with them. They’re online trying to find somewhere to rent a parking space and I just don’t want this problem to arise here.”

Addressing concerns about parking for people who live in the complex, Tim Fredregill, the project’s development manager, said the final site plan has enough space for residents, who they plan based on the parking study required by the city, Village.

“(The parking study) found the ratio of about 0.5 parking spaces per bedroom to be a reasonable ratio based on this competitive rate. On our property we’re closer to £0.65 per bedroom, so we’re parking slightly above what was estimated in the parking study,” Fredregill told council on Wednesday. “In case we still missed it, we accommodated additional parking spaces in the external parking structure – not an ideal solution. We hope we don’t have to use it, (and) we don’t think we have to use it. But when we need it, it’s there.”

The car park will have three parking levels for 190 spaces, and each mixed-use building in the project will have ground-level parking in addition to some on-street parking. In total, Fourth Street North will have 404 parking spaces across all available spaces.

Current plans call for a 65-foot climbing wall at one corner of the garage. Alongside the wall are shop windows on the ground floor of the garage, which Fredregill says could be used for local outdoor outfitters or for group bookings looking to take advantage of the rock face. Councilor Mike Spry expressed caution about the idea – particularly its longevity and adaptability. Spry said he wasn’t sure the wall could be fully staffed to stay operational due to staffing issues at other retailers in the city. Fredregill said there is no precise contingency plan at this time, but it is possible to dismantle the rock face and replace it with something like a mural.

The final Fourth Street North site plan also includes a 65-foot climbing wall, shown in beige at left, to be installed at the site’s parking garage.
MW Hudson LLC/Image courtesy

Mayor Ann-Marie Sandquist said various city leaders have been working over the past few months to bring the development of Fourth Street North to final approval and move one step closer to a busier downtown Silverthorne. The city, which was incorporated in 1967, was established to house workers assigned to build the I-70 tunnel and the Dillon Dam. Because of this, Silverthorne does not have a traditional or historic downtown like other communities, which is why the town has worked with developers to bring these large projects to fruition.

“It was obviously a long process,” she said. “A lot of work has gone into it and tonight feels faster. I want to say thank you to Tim (Fredregill) in a way, and I want to thank the staff for all the work you guys have put in here – because I know it’s been a lot.”