Silverthorne -Developers from the Florida-based Greenwald Group have proposed the 92,917-square-foot, four-story Blue River Lofts at 421 Rainbow Drive, a 1.28 acre plot of land owned by Allen Greenwald across from the Silverthorne Recreation Center and nestled against the Blue River.
Right now, the plans call for the building to rise 50 feet – 15 feet higher than the maximum height allowed in that area of town, although Greenwald vice president Jerry Miller said he is looking at options to reduce the height by at least a couple feet.
The sketch plan includes two levels of underground parking, a ground level with space for commercial uses like a coffee shop, a bakery, a day spa and a wine bistro, and three additional levels to house a mix of 37 studios, one-bedroom and two-bedroom condos.
Miller said he hopes to sell the condos to people who want to live in Silverthorne full-time, and has already heard interest from Front Range folks who want to relocate their homes and businesses to the mountains.
He’s looking at pricing the condos, which he described “higher end,” at about $375 to $425 per square foot, putting a 694-square-foot studio at about $277,600 or a 1,582-square-foot two-bedroom condo at $632,800.
