Vail apartments get national attention
Vail, CO Colorado
VAIL, Colorado ” A locally-based development group is vying for the chance to redevelopthe aging Timber Ridge employee housing complex in Vail, Colorado.
Fritzlen Pierce Architects of Vail and its partners were named Tuesday as one of six groups that made the town’s “short list.”
Fritzlen Pierce Architects also designed the Vail Gymnastics Center, the ambulance district and mountain rescue buildings in Edwards, and Landmark Condominiums, a luxury project currently under construction in Vail.
The firm is teaming up with several other valley businesses, including: Wintergreen Homes, which developed Edwards’ Brett Ranch Villas and Southfork Meadows; Polar Star Properties, which helped develop and manages Buffalo Ridge and Eagle Bend apartments in Avon; as well as several financial specialists.
The group is proposing that the town create a tax-exempt entity, or a government organization that would not have to pay federal taxes, to fund the project, allowing it to sell municipal bonds at a low interest rate, said Bill Pierce, architect and principal of Fritzlen and Pierce.
“Our idea was to create a team that is committed to being a solution to the employee housing problem,” Pierce said. “The best way to see this happen is to have a team with local experience and local credentials. We know what construction costs can be. Also, we’re experts at knowing what kind of building is expected in Vail.”
The list of developers also includes a Texas-based company named as Vail Timber Ridge, LLC.
The company specializes in affordable housing, and the team has built more than 360,000 residential homes, said company spokeswoman Jane Rosenbloom.
“Our design team comprises nationally acclaimed architects and one of the members is located in Vail,” she said in a written statement. “Our objective is to provide optimum workforce housing in the town of Vail. We are dedicated to accomplishing this goal and have the team experience and financial strength to achieve this goal.”
Wisconsin-based builders Gorman and Company, which specializes in urban housing, is also on the list. The company has built many affordable housing developments as well as rebuilt several large, affordable housing projects.
The other companies under consideration ” Alliance Residential Company of Denver, McCormack Baron Salazar of Los Angeles, and Pacific Companies of Idaho ” did not return calls seeking comment.
Staff Writer Melanie Wong can be reached at 970-748-2928 or firstname.lastname@example.org.