Anglers Four Hundred

Rural Community Impact

If a fully leased, 100% occupied building, within 1-2 months of acquiring temporary certificate of occupancy doesn’t speak for itself about a region’s need for attainable housing…there isn’t much that will. Steamboat Springs Colorado, like most other mountain resort towns, has a shortage of workforce housing within city limits. Market studies show that much of the town’s resident workforce, those that work daily at the resort, stores, restaurants, and fill other critical positions that keep this town going, live in nearby communities. These individuals commute daily into town, not able to afford or find available for-rent homes within the community that they work and provide services for. In further out rural regions such as Routt County, the need is greater, since the neighboring communities are even smaller, and it can be a several hour drive to reach larger towns and resorts. Projects such as these are made possible by CHFA (Colorado Housing and Finance Authority), and a team of creative developers, designers, and builders who work tirelessly to deliver these homes.

“When applications opened for the 75-home property, there were more than 700 applicants.”

Novogradac LLP

2024 Development that Best Exemplifies Rural
Community Impact | Novogradac (novoco.com)

DEVELOPER:

Overland Property Group

TYPE:

Affordable/Market Rate – Multifamily Housing

SCALE:

1 apartment building, 75 units + Commons w/ Amenity spaces. Construction Cost $16M

BRAGS:

Novogradac & Company LLP Journal of Tax Credits Development of Distinction Award Rural Community Impact, Fall 2024

The single story section bridging the 2 buildings, steps inward, and creates a visual break as residents travel uphill along Anglers Drive, towards the mountain resort area.

Designed as two separate buildings, the development is connected at the middle by a single story community area and leasing office, with a rooftop patio. The first of many challenges. The City’s form based code, restricted the length of any multifamily building to a few hundred feet. An agreement was reached to allow the design to break 1 building, into 2 or 3 segments, having different yet compatible façade designs. The single story section bridging the 2 buildings, steps inward, and creates a visual break as residents travel uphill along Anglers Drive, towards the mountain resort area.

The next challenge, cost. Rising costs due to inflation, material shortages, supply chain problems, and lack of available construction labor in the mountains, meant the need for creativity and strategy discussions prior to beginning construction. In some circles, the term “VE” can be regarded as dirty. For this project, necessity. However, the agreement between all involved parties was that a reduction in quality was not acceptable. In that regard, this project was unbelievably successful. Not a single unit was lost. No downsizing of livable unit SF. No amenities were eliminated. All interior and exterior original design materials were kept.

Finally construction. The Steamboat Springs region is famous for its high snowfall accumulation throughout the winter ski season. Starting every year around November 1^st, the snow doesn’t stop until late spring, depending on the year. The season of 2022-2023 was an exception. It was at record levels.

“Five inches of snow falling ahead of closing day made 2023 the second snowiest season ever recorded at Steamboat Resort. Flakes fell throughout Friday, April 14, and continued into early Saturday, April 15, bringing the mid-mountain snow total on Steamboat’s snow report to 448 inches.”

Shelby Reardon

Article from April 21, 2023

Site visit reports from the Architect, show snow up to 3 feet on the floors of the uncovered, framed structure. Site and soil challenges early in the previous spring delayed much of the vertical construction well into summer, forcing the roof and dry-in dates to fall much later than originally planned. The goal in these regions is to have the roof on and covered, by first snowfall. This is a very aggressive timeframe for any construction team. The teams kept working through the winter and completed the project with TCO and CO spring – summer of 2024.

“A multiple year design process, and grueling construction schedule, put our entire team to the test. This design started during the pandemic shutdown, and was a great collaboration between JGR, YVHA, Overland Property Group, & the City of Steamboat Springs Architectural Review Board. The final completed project has been realized because each entity pushed together, and continued the efforts to see it through.”

Chris Gillam

Architect

Forward Looking Statement:

Anglers Four Hundred is Jones Gillam Renz’s third multifamily project in Steamboat Springs. The design firm is currently in the process of submitting, and securing more CHFA funded projects around the region and state.