Wildhorse Homesteads in Steamboat take shape
Steamboat Springs — A residential phase of construction in the Wildhorse Meadows area is underway, with crews currently pouring foundations for five family residences in two buildings.
When completed, the Wildhorse Homesteads on Bangtail Way adjacent to Trailhead Lodge will include six buildings of duplexes and triplexes with 17 residences of varying sizes.
Construction broke ground in August and is expected to finish next summer for the first five units, according to Garrett Simon, partner of Meriwether Companies, a development firm handling the design, construction and sales of the Homesteads.
Construction will begin on the remaining 12 units next summer with scheduled completion by summer 2016.
A residential phase of Wildhorse Meadows has been under discussion since at least 2010 but has been modified since new owner Real Capital Solutions bought the property in December 2012.
The sale of 17.2 acres of the distressed property was sold by Bank of America for $5.28 million.
The six buildings under development now will take up 1.78 acres of land.
Simon said the new residences already are available for sale, though its unlikely buyers will show real interest until at least the walls are framed.
The first five residences are all different, varying in size from 1,700 to 3,100 square feet and from one to three stories in each residence.
Current projected prices range from $949,000 for the smallest of residences to nearly $1.6 million for the largest, according to a post on The Steamboat Group’s realty blog.
The units will follow current housing market design trends and resort community trends, maintaining a clean, modern feel, Simon said.
Developers will use the Homesteads as a model for what will prove popular in terms of size and structure for future residential developments in Wildhorse Meadows, Simon said.
“We don’t want to assume we know everything,” he said. “We’re trying to provide a ladder of product to see where the demand is.”
Simon noted that the Homesteads were one of the first residential projects in Steamboat since the economy crashed.
“There hasn’t really been anything built in the last six years,” Simon said.
An initial event was held Wednesday to introduce the project to potential brokers, Simon said, and the properties have been listed in the Multiple Listing Service database.
The three- and four-bedroom energy-efficient residences will feature modern floor plans, private balconies and one- or two-car garages as well as the already existent Trailhead Lodge amenities including a pool and access to the Wildhorse gondola.
“The main amenities were developed with Trailhead Lodge,” Simon said. “People will be able to walk right out their back door to a trail to the gondola.”
A website for the Homesteads including renderings of the finished project, a map of the Wildhorse Meadows residential development area and more information about the complex’s amenities.
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