RiverView Parcel A

PARCEL A

EXECUTIVE SUMMARY

PARCEL A INFORMATION CONTACT 04 06 12 20

DEVELOPMENT POTENTIAL

EXECUTIVE SUMMARY

RiverView Parcel A is comprised of 0.48 acres in beautiful downtown Steamboat Springs, which is at the epicenter of activity in this bustling resort community. Parcel A provides a unique development opportunity as a result of a favorable planned unit development establishing entitlements that are uncommon within the other zone districts of downtown Steamboat Springs. This parcel has various uses that are Use By Right, including, but not limited to Hotels, Multiple-Family Residential (apartments or condominiums), and Office, as well as many other permitted uses. RiverView also boasts 900 feet of frontage on the Yampa River, creating a unique offering for the only riverfront residence development opportunity in all of Steamboat Springs.

Steamboat Springs is a premier year-round living and recreational setting in the northwest corner of Colorado, anchored by the world-renowned Steamboat Ski Area which draws thousands of visitors from all over the world. Steamboat is known for its friendly and approachable Western atmosphere, and has become a year-round destination for outdoor enthusiasts and those who enjoy the beauty of the Rocky Mountains.

With great access from 14 major airline hubs, improved highway access from Denver, and the recent purchase of the Steamboat Ski Area by Alterra, Steamboat Springs is poised to take off in a new wave of development activity.

RiverView represents a rare opportunity to acquire and develop what will undoubtedly be the marquis project in this thriving year-round resort community for decades to come.

• Entitlements & Zoning Approved

• Infrastructure Complete

• Landscaping Complete Spring 2020

PARCEL

Development Potential

RIVERVIEW DEVELOPMENT POTENTIAL

High Density Residential IN PROGRESS D Mixed Use C1

Single Family Residential IN PROGRESS

C2

Density Residential IN PROGRESS

C5-C6

Single Family Residential IN PROGRESS A Hotel/ Mixed Use

ALL PARCELS Without Roadways

ALL PARCELS Including Roadways

RIVERVIEW PARCEL A PLAT

Parcel A Information

PARCEL A

Parcel A is the signature RiverView development opportunity located at the main Yampa River crossing to the famous Howelsen Hill park. Located in close proximity to numerous downtown retailers, restaurants and nightlife, Parcel A represents RiverView’s most visible, desirable site for a high-end boutique hotel or mixed use development with residential condominiums. Adjacent to the oldest ski mountain in Colorado, Howelsen Hill, rodeo grounds, world class mountain biking, baseball fields,

Howelsen Ice Arena and many more attractions, Parcel A is the gateway location to the Riverview neighborhood. With over 75,000 sq ft of development potential and unobstructed views of Howelsen Hill, the Yampa River and Sleeping Giant, hotel rooms and residential units will be in high demand. A public plaza between site A and the Yampa River creates unique outdoor dining and activity area. There are currently leases in place to cover the operating expenses for this property. This affords a buyer the opportunity to limit out of pocket carrying costs while they work through plans and approvals for the redevelopment. The leases contain termination provisions in the event that a buyer would want to have the property vacant while they work through their plans and approvals.