Vail cleared to convert offices into worker housing in Silverthorne
Colorado Mountain Express has been granted a permit to convert a mixed-use property the company owns in Silverthorne into workforce housing.
The two-story building at 224 Annie Road, north of Interstate 70 off the Blue River Parkway, has three second-floor apartments and commercial space on the first floor. The plan is to add two more four-bedroom apartments on the ground level.
Vail Resorts touted the $440,000 it’s spending through its Colorado Mountain Express subsidiary as part of the company’s $30 million commitment to workforce housing, first announced in 2015.
Since that announcement, Vail Resorts has started building a $6 million workforce housing project in Keystone, and the company is working on another large-scale housing project on 23 acres of land off the East Vail exit of Interstate 70 in Eagle County. The $30 million workforce-housing commitment is said to apply to Vail Resorts’ properties in Colorado, California and Utah.
According to the company, it now owns or leases about 3,000 beds across just Eagle and Summit counties.
In comparison, the town of Breckenridge has committed more than $45 million for workforce-housing projects since 2015, including Pinewood 2, Huron Landing, Blue 52 and the Denison Commons, according to town officials.
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