A roughly 5.6-acre site in the town of Silverthorne in central Colorado could soon see the construction of a combined residential and retail project that will place an emphasis on walkable space.
Silverthorne has issued a Request for Proposals to develop what is being called the Village at Festival Bridge, a project that will be built on land near the Blue River, which runs north to south through the town.
The site is owned by the Newport Beach, California-based Craig Realty Group. If the infill project becomes reality, Silverthorne will serve as its coordinator.
The idea of opening of up the property, which is zoned for a mixed use high-density development, has long intrigued Silverthorne officials who say the project upon completion will attract a “critical mass of people continually present and within a walkable distance to restaurants, retail shops, and entertainment.”
The site, according to town documents, could also pay homage to the Blue River with the construction of buildings “looking outward onto the river, and integrating recreational access and seating along the river.”
Those officials also say the new project could prove a popular local venue for a town whose current population of 4,500 is expected to increase to more than 5,800 in the next decade.
The RFP has a submission deadline of April 14.
By Garry Boulard
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