Vail to review Chamonix housing ideas at Tuesday meeting
October 29, 2016
VAIL — Development concepts for the town-owned Chamonix Neighborhood housing parcel will be reviewed by the Vail Town Council at its Tuesday meeting that could see the project breaking ground this spring pending key approvals at the meeting. The item is listed as action item 6.1 on the meeting agenda which begins at 6 p.m. in the Vail Town Council Chambers, 75 S. Frontage Road, with opportunities for public comment.
Since August, the town has been working with its partner Triumph Development to prepare initial housing concepts for the 3.6-acre West Vail parcel. Triumph was the lone developer to submit a development proposal during a solicitation process conducted by the town.
During Tuesday's meeting, the Town Council will be asked to provide direction on two-site plan options that have been prepared resulting in a density of 32 or 40 units. Each option includes townhome buildings comprised of four floor plan designs in two- and three-bedroom configurations from approximately 950 square feet to 1,900 square feet with enclosed parking and storage. Preliminary pricing estimates will also be presented. In addition, the Town Council will be asked to review and provide direction in executive session on a draft pre-development agreement between the town and Triumph Development.
Home buyer qualifications
Earlier in the day, recommendations for home buyer qualifications, deed restriction terms and marketing and presales will be discussed by the Town Council in a joint meeting with the Vail Local Housing Authority.
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With Town Council's approval of key decisions, the project could break ground in May with delivery of the first homes beginning October 2017.
The town purchased the Chamonix property at 2310 Chamonix Road for $2.6 million in 2002 for the purposes of "constructing a fire station, employee housing and land banking."
The fire station has since been constructed on the former Wendy's parcel after determining the adjacent site was a more optimal location for emergency services given its proximity to the interstate and frontage roads.