A project that will see the construction of 118 upscale condominium units spread out over a span of 13 buildings in Steamboat Springs has cleared an important city hurdle.
The project, which has been in the discussion stage since 2019, will go up at the northeast corner of High Point Drive and U.S. Route 40 on the south side of the city in a largely residential area.
Despite the opposition of some residents, the project has now won the approval on a close 4 to 3 vote of the Steamboat Springs City Council, after earlier getting a green light from the city’s planning commission.
City officials and the project’s developer, Longview Village Incorporated, also of Steamboat Springs, have also agreed on a plan to rebuild and extend a portion of High Point Drive heading into the condominium complex.
The condominium units are expected to be priced at around $750,000 each. A rendition of the project shows a series of three-story units with balconies on the second floor and garage space on the ground level.
The condominium market in Colorado has proven explosive in recent years after the state legislature passed a bill making it more difficult for condo owners to sue builders and developers for construction defect reasons.
Since then, the growth of the industry has seen a double-digit increase, with the average price per condo, according to industry sources, now between $500,000 and more than $800,000.
By Garry Boulard
