Elevate Rowhomes at 4th Street Crossing, first listed this summer by Slifer Smith & Frampton Real Estate (SSF) – the Colorado mountains’ leading firm serving resort communities for nearly six decades – sold out rapidly only months after being put on the market. The residences at Elevate Rowhomes at 4th Street Crossing in Silverthorne are all spoken for as more buyers trade metropolitan lifestyles for mountain town living.
“These are some of the strongest sales we’ve ever seen,” says Troy Margelofsky, the lead listing broker for Elevate Rowhomes. “Now that people can work from anywhere, they’re looking for an escape from the city, a place where they can spend time outdoors but also be close to amenities. Both of these developments offer exactly that.”
Elevate Rowhomes is one of the latest properties at 4th Street Crossing, an innovative new development aiming to revitalize Silverthorne’s downtown by transforming an underutilized city block into a community for both residents and visitors to enjoy year-round. Designed with open-concept floorplans and natural, contemporary elements that reflect the surrounding Colorado landscape, residences at Elevate Rowhomes come with two or three bedrooms, panoramic views, gas fireplaces, a two-car garage and a private rooftop deck, a rarity in Summit County. The collection of 33 townhomes went on the market at the end of July, selling out in less than four months. Pricing started at $659,000.
“There’s been a great deal of enthusiasm around this property because of its great features and close proximity to the outdoors, as well as the amenities that 4th Street Crossing offers,” Margelofsky says. “Still, it’s shocking how quickly the property sold out. I thought we would’ve sold a few by this point, but this is unprecedented.”
Outside of the residences, the 4th Street area includes a pedestrian-friendly “Main Street” in the center of town, offering restaurants, an upscale hotel and more. The first four buildings for Elevate Rowhomes will be completed in about a year. The remaining four are projected to be complete in late spring, early summer 2022. Out of all the buyers of the residences at new development, 80% are from the Front Range or out of state.