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Home My WebLink About7 February 2008 Mtg Outline 3 7 February 2008 MISSION: The Employee Housing Focus Group will provide input specific to employee housing needs, goals, market and pricing, resident profile, and similar information that will be useful in the master planning effort. HOW INFORMATION WILL BE USED: Information from the Focus Group will be considered in site planning and future design guidelines for employee housing on the Chamonix site. Information from other sources will be balanced with the input gained from this Focus Group. GUIDELINES: The Advisory Committee has outlined several goals and considerations regarding employee housing development at the Chamonix/Wendy’s properties: For-Sale versus Rental For-Sale Units are preferred over rental units For-Sale units will contribute to long-term residences; long-term residency creates neighborhood vibrancy There may be other sites that are more appropriate for rental housing Free Market Housing or Mixed Use As A Means to Subsidize AH 100% of the housing built on the Chamonix site should be deed-restricted There is a critical shortage of employee housing in Vail, every square foot of the property is needed for employee housing The round-a-bout is at/near capacity; introduction of mixed-use development would certainly have a negative impact on round-a-bout Mixed-Use development likely won’t generate enough income to pay for itself, certainly not enough to subsidize construction of the EH units The CC3 zone district is likely to redevelop – that is a more appropriate location for mixed-use development. Housing will be focused on the Chamonix site; emergency services on the Wendy’s property. Zoning Rezone to the Housing Zone district to allow for greatest flexibility in density and design. The goal is to optimize use of precious land. Unit Types A mix of one, two and three bedroom units is preferred. A limited number of four bedroom units might be acceptable. Greatest demand for two-bedroom units. Buildings may be 5+ stories to maximize use of property Height at Chamonix Lane to be considerate of existing residences. Financing Several financing options should be studied: Land lease (similar to Common’s) – it is important that Vail retain ownership of the land or a deed-restriction in perpetuity Use Fee-in-Lieu collections as a source of funding Public-Private Partnerships Sustainable Development Energy efficient, environmentally sustainable design important. More important to realized design benefits than a specific credential. Certain credentials (i.e. LEED certified) may be costly, preferred funding be spent on construction of the project. Traffic and Access Limited vehicular access from Chamonix Lane as a goal. An emergency access point (similar to the Commons) may be acceptable. Neighborhood Amenities Maintain and enhance pedestrian access from Chamonix Lane to frontage road. Site orientation and communal areas important Consider issues of shading during winter months that may negate use of outdoor spaces Useable outdoor spaces have been well used at other EH developments. Use of space for employee housing is priority over public recreational facilities or amenities. FOCUS GROUP QUESTIONS Who is the target market for this development – singles? Families? Are two-bedroom units in the highest demand? What is the second highest demand? Is this the demand of our target market? What will make this development more appealing than down-valley projects to attract the target market? What are the minimum square footages needed to attract our target market? Eagle County Guidelines Pitkin County Guidelines Studio 600 –1100 SF $156,300 – 254,000 400 – 700 $36,000 – 398,000 One Bedrm 750 – 1300 $167,400 -- 272,100 600 – 900 $45,000 – 424,000 Two Bedrm 900 – 1500 $200,900 – 326,400 850 – 1100 $54,000 – 452,000 Three Bedrm 1050 – 1700 $232,100 – 377,200 1000 – 1400 $63,000 – 478,000 Four Bedrm 1200 – 2000 $241,100 – 391,700 1100 – 1900 $76,000 – 504,000 What are the appropriate price points for the future buyer? What are appropriate parking requirements? Should alternative modes of transportation and/or variances from required parking standards be emphasized in the site plan? Current land use code requires: 1.5 spaces for 500 SF or less 2 spaces for 501 to 2,000 SF 2.5 spaces for 2,001 SF+ What is an appropriate schedule for this project? Should the project be phased? Contact Info: Scot Hunn, Town of Vail 970.477.3551 shun@vailgov.com Michelle Thibeault, Stan Clauson Associates, Inc. 970.925.2323 michelle@scaplanning.com 412 N Mill Street, Aspen, CO 81611 Chamonix-Wendy’s 2008 Master Plan Employee Housing Focus Group Chamonix-Wendy’s 2008 Master Plan Employee Housing Focus Group Infrastructure Focus Group Neighborhood Focus Group Emergency Services Focus Group Employee Housing Focus Group Town Staff Advisory Committee SCA Team Town Council