Affordable West End homes still for sale in Edwards
Vail, CO Colorado
EDWARDS, Colorado ” Local workers still have a chance to buy workforce housing at Edward’s West End.
The yet-to-be-built development will bring 72 affordable homes, 113 market-rate homes and a mix of businesses and offices to downtown Edwards.
Developers and Realtors hoped to sell the homes quickly after more than 300 applications were given out for 72 homes, and people camped out in front of the development company in January the night before applications were accepted.
But as of Wednesday, half of the workforce homes were still for sale.
The highest demand was for the smaller, lower-priced homes, said Gateway Development Marketing Director Leigh Pezzicara..
“There’s a waiting list right now for those,” she said.
The West End had 12 studio and one-bedroom units selling for $180,000 to $190,000. The largest homes, three-bedrooms priced from $430,000, are also sold out, leaving the mid-priced two-bedrooms.
Pezzicara said sales had slowed down after the initial rush because many people thought all the homes were sold already.
“Right now we would have expected more to be under contract, but there’s been the expectation that they were all gone,” she said.
Developers also started selling homes this week to employers interested in worker housing.
“Many have expressed interest in purchasing units for their employees,” Pezzicara said.
One such employer is the Eagle River Fire Protection District, which is in the process of buying four of the homes for worker housing.
The department currently has two employee apartments, but needs more, said Fire Chief Charlie Moore.
“We’ve had employees move to Denver and commute up here. If there’s ever a major call, we want to be able to call up our employees,” Moore said.
The West End is a good location for the district, and he does not think the department will have any trouble selling or renting the homes to firefighters, he said.
Avon resident Becky Green picked up an application for a studio home, but decided not to buy. The homes would not be built for two years, and as a recent college graduate, she is not sure how long she will be in the area, she said.
“The thing that deterred me was that it would be two years before I could live in it. If I could have gotten into it in a year or 6 months, it’d be great,” she said.
Staff Writer Melanie Wong can be reached at 748-2928 or email@example.com.
What: The development’s sales center will hold its grand opening. Vignettes of the home interiors will be on display.
Where: Gateway Development’s offices in Edwards, 105 Edwards Village Blvd. G, next to the Gore Range Brewery
When: Next Wednesday from 4 p.m. to 7 p.m.
More info: http://www.thewestendedwards.com
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