FAQs - Smith Ranch Work Force Housing Development
Is Smith Ranch part of the Town of Silverthorne?
Yes, the Town of Silverthorne purchased the Smith Ranch in two pieces, the first in 2008 and the second in 2013. Smith Ranch will be on the Town’s water/sewer system and the roads will be maintained by the Town’s Public Works department.
How big is the property?
62.7 acres in total. 51.5 acres for housing, and 11.2 acres for commercial.
Who will develop the property?
Following design team interviews by a committee made up of Town staff, Council members and citizens, local firm, Compass Homes Development, LLC*, was selected as the developer of Smith Ranch.
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*Smith Ranch Development, LLC was formed (in the early stages of the development planning) to serve as the operating entity developing the Smith Ranch Neighborhood, thus eliminating Compass Homes Development, LLC as the developing entity.
What type of housing will be available?
The Town estimates that between 180 and 240 deed-restricted dwelling units can be accommodated on the residential portion of the Smith Ranch property. Units will be owner-occupied by local residents who work in Summit County. The developer is looking at a combination of town homes, duplex/triplex and single-family homes.
Will the developer consider the wildlife on Smith Ranch?
Yes, this has been a key topic during stakeholder engagement and during the development team’s neighborhood planning process. The review process will follow all Town regulations, and wildlife migration is always something to be considered. Policy LU 5.10 of the Town's Comprehensive Plan states: “work with the appropriate state and federal agencies to preserve and improve fish and wildlife habitat and to ensure that new developments minimize any adverse impacts on wildlife habitat breeding areas, and migration routes in and adjacent to Silverthorne". The neighborhood plan proposes to preserve large areas of wetlands, in particular a buffer zone between Smith Ranch and Willowbrook.
Will Smith Ranch offer daycare opportunities?
Solid input was received at the open house about daycare. The developer is investigating this opportunity and has been in conversations with the Archdiocese from the Catholic Church about their interested in this opportunity.
What type of public input will be solicited?
The first community open house was held in June 2017 a second open house was held in October 2017 and a third open house was held in January 2018. The developer will hold additional open houses beginning in quarter 1, 2018 as the design takes shape so that the neighborhood will reflect the needs of the citizens.
Will the developer consider the wildlife on Smith Ranch?
Yes, this has been a key topic during stakeholder engagement and during the development team’s neighborhood planning process. The review process will follow all Town regulations, and wildlife migration is always something to be considered. Policy LU 5.10 of the Town's Comprehensive Plan states: “work with the appropriate state and federal agencies to preserve and improve fish and wildlife habitat and to ensure that new developments minimize any adverse impacts on wildlife habitat breeding areas, and migration routes in and adjacent to Silverthorne". The neighborhood plan proposes to preserve large areas of wetlands, in particular a buffer zone between Smith Ranch and Willowbrook.
How to purchase at Smith Ranch Neighborhood?
Please Contact Todd Rankin at Cornerstone Real Estate Rocky Mountains at 970.406.0437 or todd@toddrankin.com for more details on availability and purchasing at Smith Ranch.
Deed restriction provisions
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Owner occupied
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Restricted to 80-140% AMI
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Owners must work in Summit County an average of 30 hours per week, annually
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There will be restrictions on the appreciation on the price of each unit
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Rentals of units are restricted, and will require the approval of the Town
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The units cannot be short-term rented
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Owners are required to comply with a Residential Housing Covenant and compliance with that document will be monitored
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To view the General Deed Restrictions Provisions sheet click here
What is the history of the project?
November 2008
Town of Silverthorne purchases the 51.5 acre parcel referred to as the Smith Ranch, as a land-banking opportunity for the future development of a workforce housing neighborhood.
August 2013
Silverthorne Urban Renewal Authority purchases the 11.2 acre parcel known as Smith Ranch Commercial, located at the intersection of HWY 9 and Ruby Ranch Road, as a key property for the Town’s ongoing economic development efforts.
May 31, 2017
The Town issues a Request for Proposals (RFP) to development teams for the master planning, design and construction of a workforce housing neighborhood on the Smith Ranch properties. The Town estimates that between 180 and 200 deed-restricted dwelling units can be accommodated on the residential portion of the Smith Ranch property.
June 19, 2017
A Community Open House regarding Smith Ranch and housing options for Silverthorne is held at the Pavilion, with comments and suggestions solicited from attendees
August 1, 2017
A committee made up of Town staff, Council members and citizens interviews design teams and selects local firm, Compass Homes Development, LLC., as the developer of Smith Ranch.
October 26, 2017
Second Smith Ranch Community Open House was held at North Branch Library:
651 Center Circle, Silverthorne, CO 80498, 4:30pm – 6:30pm
January 31, 2018
Third Smith Ranch Community Open House was held at the Silverthorne Pavilion:
400 Blue River Parkway, Silverthorne, CO 80498, 4:00pm – 6:00pm
How do I find more information about the project and current opportunities?
For more information or a site tour of Smith Ranch, please contact Todd Rankin from Cornerstone Real Estate Rocky Mountains at 970.406.0437; email: todd@toddrankin.com or visit: smithranchsilverthorne.com
To view the Cornerstone Real Estate sales sheet click here.
To view Smith Ranch Floor Plans for Phases II and III click here.