Mountain Sage Breaks Ground on Construction for Phase II

Posted on Jul 26, 2013
Mountain Sage Breaks Ground on Construction for Phase II

Carbondale, Colorado:

Phase II of the Mountain Sage development has broken ground.

Mountain Sage Phase II has officially broken ground for Construction.

 

Carbondale, Colorado: July 17, 2013

 

Erik Cavarra Announces Phase II of the Mountain Sage Project located on Main Street in Carbondale, Colorado.

Mountain Sage:

Located near Main Street in Carbondale, the Mountain Sage Townhomes are designed for owners who seek luxury living within the downtown core. Covered parking, easy access to restaurants, shopping, and community areas, the Townhomes represent one of Carbondale’s finest living opportunities.

After gaining approvals from the town of Carbondale in 2007, the original developers of the Mountain Sage Townhomes built the first 14 of the 26 approved units and then lost the development in Foreclosure.

Erik Cavarra is the Managing Broker of Alpine Property Real Estate of Aspen & Snowmass Village.  Cavarra originally listed the Mountain Sage Development for First Citizens Bank in May of 2012. The Development consisted of (8) of the 14 newly built townhomes (7 finished and 1 partially finished), along with 12 parcel lots with the ability to build 12 new townhomes. 4 of the 12 to be built townhomes are designed for Affordable Housing.

  • A Denver, Colorado based Developer, purchased the Development on 12/31/12.
    • Erik Cavarra Listed the (8) Two- & Three Bedroom units in early January of 13, and finalized all (8) Sales in March 13.
      • Sold Prices Ranged from $310k – $355k.
    • We have experienced a strong demand for the Townhomes, and Erik Cavarra anticipates a continued & strong success for the Project and Pre-Sale of the (8) free market Units and (4) Employee Housing Units.
    • Construction is scheduled to begin for the final Phase II (12 Units) within the next 6 – 8 weeks.
    •  Pre-Sales of the (8) Free Market Townhomes will begin this Summer for the NEW 2 & 3 bedroom Units, and Prices will range from $350k – $455k with square footages ranging from 1,300 square feet to over 1,500 square feet.  We are working with Garfield County and the Town of Carbondale to finalize the Pricing Categories for the (4) Employee Housing Units.
    • Per the existing & approved PUD, the General esthetics of the project for Phase II, will be very similar to Phase I with upgrades and enhancements within the interior of the units, quality and amenities.
    • The Carbondale townhomes are well-suited and perfectly located for individuals looking to enjoy restaurants, shopping, and community events in Carbondale.
    • We are excited to deliver and finalize the Mountain Sage Development and to ensure that we bring a beautiful and finalized completion to Main Street & the Town of Carbondale.