RCS and Milender White Close on 4th Street Crossing Development in Silverthorne, CO
Milender White Closes on 4th Street Crossing
Milender White is proud to announce its successful closing of the 4th Street Crossing development in Silverthorne, Colo.
“We are thrilled to reach this milestone,” said Tim Fredregill, Development Executive for Milender White. “We’re grateful the Town selected us as its development partner on this project just over two years ago, and we look forward to delivering on the vision of a downtown in Silverthorne.”
Located north of I-70 off Highway 9/Blue River Parkway, the redevelopment area encompasses 3.8 acres between 4th and 3rd Streets in downtown Silverthorne. The project is approximately two city blocks in length and will establish a “town core” for Silverthorne. Equity partners for the project include Real Capital Solutions and Nightcap Hospitality.
The development includes several components and a total of 13 buildings. A 29,000-sq. ft. market hall will feature several food and beverage offerings including preservation of the Old Dillon Inn building that is currently onsite. Tenants have been identified for approximately 75 percent of the space, but several opportunities remain for the right partners, Fredregill said. MidFirst Bank provided the debt financing supporting the market hall.
4th Street Crossing also includes a 115-key hotel, two mixed-use buildings along 4th Street with 6,600 sq. ft. of retail and 57 for-sale condos and townhomes. Slifer Smith & Frampton are managing sales for the residential units. Additionally, the new community will feature a new transit center and parking garage with 203 stalls. Additionally, the new community will feature a new transit center and parking garage with 203 stalls. The Mint Steakhouse will remain where it currently stands, nestled between the hotel and market hall.
“4th Street Crossing will bring amazing energy to the town of Silverthorne,” Fredregill said.
“We had some great partners through this process who took our vision, along with community feedback, and a created special place. 4th Street caters to anyone wanting to experience a vibrant ‘main street’ atmosphere in the mountains.”
Milender White, who is also serving as the general contractor for several scopes within the project, has started site work on the property. An official groundbreaking ceremony will take place once demo on the site is complete.