How big is the property in West Steamboat?
The Steamboat 700 LLC property is 700 acres. It is a largest part of the 1,100 acre total area in the West Steamboat Springs Area Plan (WSSAP).
What is the WSSAP?
The WSSAP is a guiding vision developed cooperatively between the City of Steamboat Springs and Routt County in 1999 and updated in 2006. The objective of the plan is to comprehensively plan West Steamboat Springs and ensure a coordinated and compatible development in the area west of Steamboat, which has been designated as the area to accommodate Steamboat’s future growth. The West Steamboat Springs area lies northwest of Steamboat Springs, and it is encompassed generally by the airport on the east, the broad curve of Deer Mountain on the north and west, and US 40/Yampa River on the south. Steamboat 700 LLC is using the WSSAP as a framework to guide the planning and development of Steamboat 700.
Who is Steamboat 700′s master developer?
Steamboat 700 LLC is a group of real estate professionals who oversaw some of the most diverse and award-winning master planned communities in Nevada, including Summerlin and Green Valley. The range of Steamboat 700 LLC’s real estate development experience also includes downtown mixed-use projects, office buildings, business parks, industrial warehouses and retail centers. We recognize the importance of creating a world-class community in West Steamboat, but also to tap into the local expertise that is here in Steamboat. We have assembled a team made up primarily of local consultants and experts.
How many homes are planned for Steamboat 700?
Based on current plans, we estimate a range of 1,950 – 2,165 total housing units. This number includes single-family homes of varying lot sizes, condos, duplexes, townhomes and apartments. The WSSAP calls for anywhere between 1,100 and 2,600 total housing units (includes approximately 400 existing homes). Steamboat Springs currently has approximately 7,000 housing units.
How much are homes going to sell for?
That is yet to be determined. The housing mix will be designed with a focus on full-time Steamboat residents, but may also include some housing for secondary homebuyers. This represents a broad
range of housing types and prices currently in Steamboat, so the housing mix will reflect a similar range and variety.
How are you addressing affordability?
According to the WSSAP, 20% of the housing units are to be designated as affordable or “community housing.” Several tools and approaches are being considered for the Steamboat 700 Community Housing Plan, including smaller lots to promote more affordability.
What size of lots and homes will be offered?
We will have the full spectrum of lot sales from 4,500 sqft lots to large 2 acres lots. Based on current plans, we are projecting a majority of the project’s single family home sites to be lots from 4,500 sqft to 8,000 sqft to promote smaller houses and smaller building envelopes which should promote more attainable housing.
When will I be able to buy a lot or a home at Steamboat 700?
It will be at least a year before home and lot sales will commence.
Will there be a bike trail or running trail into Old Town Steamboat?
Based on the proposed draft open space and trails plan being prepared by the City, the Core Trail will be extended out to Steamboat II. Steamboat 700 proposes to connect to that Core Trail in the vicinity of the Sleepy Bear mobile home park.
When will the development be complete?
The development process should be completed in phases over a 10-15 year period.
When will construction in the area begin?
The development of Steamboat 700 into a master-planned community will first require annexation by the City of Steamboat Springs, followed by the installation of essential infrastructure such as streets, water and utilities. Initial infrastructure construction will hopefully begin in 2009. Steamboat 700 will be developed in multiple phases depending on market conditions.
In addition to housing, what other elements are planned for the Steamboat 700 area?
It will be a mixed-use community that will include office and retail (approximately 100,000-200,000 square feet), in addition to housing. Over the estimated 10-15 years of buildout, there will also be open space, parks and trails. Based on current plans, there are 9 acres designated for civic amenities, possibly including a fire station and a school.
Will there be a grocery store?
A grocery store could be one of the components of the retail mix for Steamboat 700, but no final decisions have been made. We are reviewing a number of options for retail and services that will serve the current and future neighborhoods in West Steamboat.
What are the transportation elements of Steamboat 700?
A series of north/south and east/west roads will connect the areas within Steamboat 700 and its surrounding road network, including US 40, Elk River Road (Routt County Road 129) and County Road 42. The plans also establish a new centrally located east/west connection (“New Victory Parkway”) to allow future residents to travel around the West Steamboat area without entering US Hwy 40. The transportation system will also be multi-modal to reduce dependency on cars-service will be provided by Steamboat Springs Transit (SST), and there will be a comprehensive pedestrian and bicycle trail system. Also, the neighborhoods are being designed to position transit stops or a trail within walking distance
of every housing unit. Steamboat Springs Transit will determine the location of transit stops in
Steamboat 700.
What type of amenities will be included?
The full scope of amenities is still to be determined. The current concept plan provides approximately 200 acres of open space and parks, and an extensive trail network. We are still investigating retail and services options that could include a grocery store, ball fields, fitness center, day care, schools, etc.