A scaled back version of the Blue River Lofts project in Silverthorne gained initial approval this week from the Silverthorne Planning Commission.
Florida-based developers Greenwald Group are proposing the Blue River Crossing at 421 Rainbow Drive, a 1.29-acre lot nestled against the Blue River.
After the town council denied the Greenwald Group’s 50-foot tall, 92, 917-square-foot mixed use Lofts proposal last December, the architects went back to the drawing board and came up with a plan that’s 13 feet lower and 30,000 square feet smaller than the previous plan.
“We think that this can really be the impetus to get a lot of development started here in the town center around the river,” architect Michael Houx said.
The town has identified the land on either side of the Blue River in the heart of Silverthorne as the ideal location for a town center.
Greenwald Group’s new plans call for an underground parking garage, 25 studio, one- and two-bedroom units spread throughout three levels and 4,645 square feet of commercial space on the bottom floor. Developers also plan to offer two large lawn areas next to the river and a connection to the pedestrian bridge that takes people to the Silverthorne Pavilion.