Housing construction in Dillon and Silverthorne is abundant with various projects currently in progress and approaching completion.
Throughout Summit County, the construction industry has seen an increase in activity. Although the county has issued fewer building permits than this time last year, the valuation of the work that’s been completed is up 30% from 2019 showing that larger/more expensive projects are being built across the county.
Residential construction in Dillon and Silverthorne is busiest where condominiums, affordable housing projects and new subdivisions have popped up around town.
Two major condominium projects along the Blue River are under construction, Blue River Flats and River West Condos.
Blue River Flats, on Blue River Parkway in Silverthorne, is a five-building complex with 46 units, including townhomes and condominiums. Interest for the units has been high, with only eight units remaining for sale. The units range from $435,000 to $895,000, featuring one-bedroom and two-bedroom townhomes.
River West Condos, also on Blue River Parkway is comprised of nine buildings that will have a total of 92 units. Only one of the buildings is currently finished. The other eight buildings will be completed by April 2021. The units range from $450,000 to $815,000.
Another large project taking shape is 4th Street Crossing located just across from the Silverthorne Performing Arts Center. This project includes multiple commercial as well as residential (condo/townhome) opportunities. Currently, only seven of the townhomes are currently on the market with three already under contract. More residential & commercial opportunities are expected to hit the market as the project progresses through its phases.
Silverthorne also will be home to new subdivisions that range from luxury homes to affordable housing.
The Smith Ranch Workforce Housing project includes 220 deed-restricted units, 80 of which are already occupied. Phase 3 of construction is underway, bringing 20 townhomes and eight single-family homes to the neighborhood. The two- and three-bedroom units range from $287,927 to $579,147.
Construction also continues at Summit Sky Ranch, which is north of Silverthorne and west of Colorado Highway 9. One-hundred-fifty of the 204 units in the neighborhood are complete. The homes range in value between $1 million and $2 million.
Construction is underway on four luxury homes in Angler Mountain Ranch. One of the four homes is complete and currently on the market for $4.9 million. The other 3 remain under construction with completion dates expected between late 2020-2021 ranging, in price from $3.8-5.9 million.
As with Silverthorne, a number of condo and neighborhood projects are underway in Dillon. The second building of Sail Lofts is going up and will feature 24 units ranging from $400,000 to over $800,000. The two buildings also offer a total of 8 deed-restricted units.
The other major condominium construction project in Dillon is Uptown 240 on Lake Dillon Drive. This complex will have 80 units, from $629,000 to $1.24 million. The complex also includes 10 deed-restricted units, which range from $299,000 to $409,000. Of the 80 units, 35 are under contract.
Dillon Valley soon will be home to a new 12-unit workforce neighborhood called Dillon Valley Vistas. The neighborhood, which is on the corner of Straight Creek Drive and Little Beaver Trail, features six duplexes and one Habitat for Humanity home. Crews have laid the foundation for three of the duplexes. While Dillon Valley Vistas expects to be completed in summer 2021, initial homes will be available by winter 2020. The units will range from $415,372 to $471,320.
The new housing construction in Dillon and Silverthorne and the continued interest in the homes indicate the county’s economy continues to grow.