Milender White and the St. Charles Town Co. were the two group that responded to a request for proposals to redevelop about 3.25 acres in Silverthorne, which was incorporated as a town 50 years ago on April 5.
The selected team has the opportunity to make history.
“The opportunity to develop property that will define the identity and character of an entire mountain town for decades to come is rare, and that’s just the opportunity we have in Silverthorne today,” according to Silverthorne Mayor Bruce Butler.
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Town officials and owners of the downtown Silverthorne land expect to spend 90 minutes to two hours today interviewing the teams from the St. Charles Town Co. and Milender White.
“The dollar volume of the redevelopment is pretty hard to say,” [Mark Leidal, assistant town manager for Silverthorne] said.
“It will depends on the program and the concepts they put out there before we know the actual total dollar amounts,” he said.
“But with a 3.25-acre site in the heart of downtown, it will be pretty significant.”
The redevelopment, he said, should create a “pedestrian-friendly, walkable downtown. We’d like to see a true mixed-use development with offices, retail and residential,” he said.
The residential component would include both for-sale and rental units.
He expects that no buildings would be more than three or four stories tall.