New development at the King

As Snow King continues to evolve, more large-scale developments are being planned.

The latest proposal, called Town Hill Lofts, is designed as a new mixed-use building at the base of Snow King, on 680 S. Cache St. The Jackson Planning Commission will review the project and take public comment July 6.

The current design consists of 38 housing units and nearly 3,700 square feet of commercial space. Of the 43,000 square feet of residential space, 34 of the 38 units will be designated as market-rate condos allowed for short-term rentals. The final four units will be earmarked for employee housing.

Of the four employee housing units, two will have three bedrooms and two will have one bedroom. The building’s developer, Crystal Creek Capital, is asking for no zoning variances but will pay a fee in lieu for the final piece of employee housing.

Prices for market-rate units have yet to be set, but the building’s market-rate floor plans will consist of eight one-bedroom units, 12 units with two bedrooms and two bathrooms, 11 units with three bedrooms and two bathrooms, and three units with three bedrooms and three baths.

The Snow King Resort Management Association has already approved the building plans and certified that the design fits with the Snow King Master Plan. The developers at Crystal Creek Capital said they also worked closely with members of the Jackson Planning Commission throughout the design process.

“The special part is the collaboration between SKRMA, the town staff and us,” said Jim Walter, Crystal Creek’s president. “We’re really looking forward to the project and feel fortunate to do business in this community.”

Crystal Creek Capital is a real estate investment fund that owns a variety of properties around Jackson from single-family homes to apartment buildings and commercial space.

If given the green light by the town, Crystal hopes to break ground on the project next spring.

This article appeared on the Jackson Hole News & Guide website on June 14, 2016.