Commercial Demand & Economics: Summary of site opportunity by RCLCO – March 7th

Focus Team: Housing & Non-Residential Demand + Project Economics (Combined) – Commercial  Demand & Economics: Summary of site opportunity by RCLCO

Date and Location: Monday, March 7, 2022 – Community Center West Room

Estimated Attendance: 34

Guiding Questions:  

Commercial Program Guiding Questions:  

  • How soon do we expect grocer to open?
  • What civic/community spaces belong on the site?
  • How do we integrate commercial development and housing?
  • Would you locate your business at Brown Ranch?

Aligning Demand & Project Economics Guiding Questions:  

  • General thoughts on Phase I discussed here?
  • Are we appropriately evaluating trade-offs?
  • Would you consider living at Brown Ranch?

Key Technical Information Shared: 

Monica Corley and Dana Schoewe of RCLCO presented key findings of RCLCO’s non-residential demand study. See attached slides. Meeting recordings available upon request.

Key Takeaways:

  • Grocery-anchored “town center” can provide Brown Ranch households and other West  Steamboat households with local goods and services.
  • There is support for a mid-sized grocer at the site between 2026-2030; grocery development  before this would likely require a subsidy.
  • Urban Design is important – long-term vision of town center is needed to incorporate walkability  and strong “sense of place” for community.

Following a robust conversation about a grocer at Brown Ranch, Monica and Dana presented on key  principles to align housing demand and project economics. The presentation and subsequent  conversation were cut short and will be continued at the 3/21 focus team meeting.

Key Takeaways:

  • Phase I should be large (several hundred units) to spread infrastructure costs and support  commercial development.
  • Idea of 15-16 units/per acre works well with stewardship models, increases financial feasibility.