October 2021 | Development Update | Steamboat Springs
Riverview Development is Moving Forward
A sometimes controversial project, RiverView has been a touchstone in the conversation surrounding the future of downtown Steamboat Springs. Now, after decades of uncertainty, the development has nearly reached a conclusion. This is big news in town, especially for Team Yazbeck whose headquarters is located on the second floor of The Chieftain Building above Table 79 restaurant.
Plans for the property, totaling nearly 5 acres of land sandwiched between Lincoln Avenue and Yampa Street between Third and Fifth streets, have gone through several iterations since it was first purchased in 2004. The initial developer’s intent was to transform the land into mixed-use sites for condominiums, hotels, and retail stores. The Great Recession of the late 2000s, however, stymied much of the development’s progress until 2017, when the project was overhauled and rebranded.
Following years of sitting vacant, several of the project’s land parcels have been sold in the past two months, making room for the addition of single-family homes, duplexes, medium- and high-density residential, mixed-use commercial, and a new grocery store.
Steamboat Springs City Council’s approval of the project came with a list of other investments, including 25 new public parking spaces, an enhanced bicycle and pedestrian crossing located at Fifth and Yampa streets, and a 0.25% transfer fee on the sale of residential properties that will be dedicated to restoring and preserving riparian habitat in the Yampa River.
As further infrastructure projects were completed, the entire development was publicly listed for sale in 2018 at $31.9 million with individual parcels priced separately.
“I’m already talking to hotel partners and developers (for this site) at the front door of downtown,” Scully told city planning commissioners in 2017. “We’ve owned the site for over 10 years, and it’s time to evolve to the next phase of life. … The overall project is probably $300 million to $400 million, so it’s a lot of development coming to Steamboat.”
Read the full article here: https://www.steamboatpilot.com/news/after-years-of-sitting-vacant-riverview-development-sells-bulk-of-land-in-downtown-steamboat/
Please join us at this amazing property and enjoy some tacos, a tequila tasting, and live music in a beautiful mountain setting.
Place: 1426 Harwig Circle,
Steamboat Springs, CO 80487
Date: Friday, November 5, 2021
Time: 4:30 PM-7:30 PM
Fresh, hand-made tacos will be prepared by a local chef and Herradura Tequila will be poured generously by us! We hope to see you there!
Aspen Botanicals is Team Yazbeck’s October Business of the Month! We’ll be giving away 3 $100 gift cards to Aspen Botanicals at the end of this month!
In order to win you just: Follow, Like, and Share all of our posts!! We’ll announce the winner on October 31st!!
If you win a $100 gift card you can use it towards some of the great classes going on at “The Collective” a sacred space located above Aspen Botanicals. You can also use it to purchase some of the many, wonderful, hand-crafted products for sale at Aspen Botanicals. I recommend the Autumn Bonfire tea which is especially nice this time of year! This is a wonderful local business that we are happy to highlight!
1136 Yampa Street, Steamboat Springs, CO 80487
MLS #: 2549685
List Price: $2,400,000
6,771 Sqft | 8 Spaces | 3 Baths | Zoned Commercial / Residential
Check out this article in The Denver Post about the history of this building and a unique opportunity to own a piece of modern mountain biking history.
Link to Article: https://www.denverpost.com/2021/09/24/moots-building-steamboat-springs-for-sale/
Watch the 1136 Yampa Street Featured Listing Video Tour Here!
