Affordable Housing Goes Back to the Drawing Board
by Martinique Davis
Nov 18, 2012 | 1631 views | 0 0 comments | 4 4 recommendations | email to a friend | print

Neighbors Cite Density of Adams Ranch Apartments 

MOUNTAIN VILLAGE – The proposed Adams Ranch Apartments development has taken another detour, after concerns from its Meadows neighbors compelled Mountain Village’s Design Review Board to request the project be reduced to no more than 100 units.

Following a meeting with the Mountain Village’s DRB last Thursday, would-be developer Eastern Partners’ Randy Edwards was charged with decreasing the project’s overall density, from its original size of 116 units.t

The design presented last week represented Eastern Partners’ most recent iteration of their plan to build a privately owned and managed, for-rent affordable housing development on the erstwhile Telluride Apartments site. The 30-unit Telluride Apartments complex was condemned due to mold in 2010, and has been vacant ever since.

Eastern Partners purchased the property last year in hopes of redeveloping the site as an affordable housing nucleus, as was outlined in the Mountain Village’s 2010 Comprehensive Plan.

That plan advocated increasing the density of the property to 91 total units.

Eastern Partners faced opposition from neighbors in the Meadows when they presented their first plan, which called for 149 units, and later when they presented a 129-unit plan.

In an interview Monday Edwards said that he felt the plan that was presented last week, which outlined a significant downsizing of mass and scale as well as unit number, had answered many of the neighbors’ concerns. “We felt like we made very demonstrable changes” that reflected the community’s original objections to the project, he said.

The DRB’s directive to downsize the project further will likely result in “significant changes” to the current plan, he continued, suggesting that the developer may now need to seek lower quality building materials and design elements to compensate for the decrease in total units.

“We are continuing to strive for a very high-quality project, but it’s just math,” Edwards said, explaining that to keep the project financially viable at 100 or less units, the next plan may call for a reduction in the amount of underground parking units and/or changes to the exterior finishes and roofing materials.

He said he was unsure if the development company would be able to come up with a revised plan by the next DRB meeting, scheduled for Nov. 29. 

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