Oak Creek to hear multifamily housing request at meeting tonight | SteamboatToday.com

Oak Creek to hear multifamily housing request at meeting tonight

If you go

What: Oak Creek Town Board meeting

When: 7 p.m. today

Where: Oak Creek Town Hall,

129 Nancy Crawford Blvd.

Agenda: A hearing for the liquor license renewal for the Colorado Bar; an update from an engineer involved in the new town water tank project; a hearing on a land-use change regarding a potential multifamily residential complex; the approval of the Town of Oak Creek 2010 Recreation Plan; an update from the Oak Creek Planning Commission

— Tonight at its biweekly meeting, the Oak Creek Town Board is scheduled to hold a hearing on a land-use change regarding a new multifamily housing complex called Oak Creek Commons.

The potential eight-unit multifamily residential project went before the Oak Creek Planning Commission last week, and the board is scheduled to take action on it tonight during the meeting at 7 p.m. at Oak Creek Town Hall.

The project received a unanimous recommendation from the commission.

EJJV LLC, or Eric and John Joint Ventures, the company running the project, comprises Routt County resident Eric Simonsen and former Steam­boat Springs resident John Eastman, who owns the land.

The plot in question is on a grassy hill on Lincoln Avenue, near Wild Hogg Drive. Eastman bought the .57-acre plot for $41,500 in 2006, according to Routt County Assessor’s Office records.

The pair had been looking for a way to develop the land for four years and settled on the multifamily housing approach with a sustainable element.

The project will consist of a duplex and two triplexes, completed in three phases, and Eastman said the eight units would sell for from $189,000 to just more than $200,000, coupled with low utility costs.

Simonsen, owner of Nordic Custom Distributors, said the complex would be built with SIPs construction, meaning the homes will feature strong envelopes and heavy insulation to lower utility costs. Efficient heating systems, proper orientation and possible net-zero capabilities are also part of the project.

“We were both interested in bringing energy-efficient, affordable homes into the area,” Simonsen said.

Although a recession can be a tricky time to build, Eastman said the project could offer quality affordable housing and needed work for local contractors and subcontractors.

“We’re trying to push the boundaries on both fronts where we get into something that’s really energy efficient … and trying to do it affordable at the same time,” Eastman said. “The budget is that we’re trying to make a reasonable return for selling units around $200,000. We’re not going to retire on this or anything. We’re trying to generate some work for ourselves and our friends who are contractors.”

Still, Eastman said he’s wary of the current housing market, in which foreclosed homes are selling for prices with which he doesn’t want to compete.

Although they plan to break ground this summer if the Town Board approves the land-use change to allow multifamily housing, Eastman said he would wait if necessary.

The two men have known each other for 10 years and worked together on various projects — even tree houses — and Eastman said they think Oak Creek is the place to build.

“We both think Oak Creek’s just a really neat place,” East­man said. “For the long grind, (Hayden and Oak Creek) are the affordable places. Those are the places you want to get going if you have a family, and we want to invest in them.”

— To reach Nicole Inglis, call 970-871-4204 or e-mail ninglis@SteamboatToday.com

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