Peak One parcel developer Ten Mile Partners jumped over its last big hurdle in the application process for Frisco's new affordable-housing neighborhood.
The planning commission OK'd the development and preliminary plat applications — now the developer must get council approval regarding dedicating public areas to the town. Public park areas, roads and trail connections will be maintained by Frisco's public works department.
“This is going to be a great project,” said lead developer David O'Neil. “We feel really strongly about that.”
Ten Mile Partners — consisting of Breckenridge Wellington Neighborhood developer O'Neil and Wolff/Lyon architects of Boulder, Breckenridge architect Matt Stais and Frisco builder Dan McCrerey — won the bid for development design last year.
The new deed-restricted neighborhood is set to be built south of Main Street starting this spring on the 12.68-acre Peak One parcel, and the plan will include 70 units in a mix of duplexes and single-family homes. Originally, the developer had planned for 72 units, but due to outside input two residences were cut from the design.
The pending units will range from small cabins (around 800 square feet) to single-family homes up to about 2,000 square feet. The homes are being made available to people making between 80 percent and 160 percent of the area median income, or income ranging between $68,000-$136,000 for a family of four. Ten Mile Partners anticipates that construction to build-out will take at least five years.
