The first phase of the Steamboat Basecamp Multifamily in Steamboat Springs, Colorado, has been completed. The 75-unit Capital Square project has been developed in collaboration with May Riegler Properties, an asset management and real estate development firm. The first phase involves the construction of 75 rentable units. Additionally, 8,343 square feet of leasable ground floor retail space was constructed.
The property is located at 1901 and 1950 Curve Plaza in the rapidly growing neighbourhood of West Steamboat. This is just off Highway 40 and less than two miles from downtown Steamboat Springs. Steamboat Basecamp will eventually include 27 townhomes available for purchase. The property includes numerous community amenities. These include a ground-floor lobby with space for coworking and a ski gear repair area. Additionally, a rooftop lounge, and outdoor rooftop area with grilling stations.
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Steamboat Springs is nestled in the Rocky Mountains about 150 miles northwest of Denver. It is a renowned year-round tourist destination known as “Ski Town USA” due to its great skiing and snowboarding options. This beautiful location also features geothermal hot springs, a zip line, rafting, and many other outdoor activities that inhabitants and over 500,000 visitors enjoy each year. The remote city was established in 1900, giving it a rich history centred on miners, ranchers, and the Native American Ute tribe. The popular Steamboat Ski Resort is undergoing a $200 million expansion. This will make it the state’s second-biggest ski resort and is only four miles away.
“Steamboat Springs is an ideal area for those seeking a live-work-play lifestyle, yet it suffers from a chronic undersupply of quality housing, which Steamboat Basecamp will help alleviate,” said Whitson Huffman, co-chief executive officer. “Capital Square seeks to identify underserved locales like Steamboat Springs, where we can improve a community while providing a compelling opportunity for the investors and financial advisors we serve.”
