555 Basalt Avenue returns with more restricted housing and a revised traffic plan
The developer now proposes restrictions on 22 of 47 homes and limits 30 of 54 commercial units to storage. Council will discuss housing, traffic and Fiou Lane, then likely continue the hearing to May 12.
What changed since last time
The April 14 agenda only postponed the hearing; this meeting includes a site visit, presentations, public testimony and council discussion. The applicant has added 11 primary-resident homes, bringing restricted occupancy to 22 of 47 units, and revised the traffic study to count 24 commercial units as light industrial while limiting 30 to storage only. A one-way concept for Fiou Lane and additional pedestrian connections are also now proposed.
What it means for you
For Southside neighbors and Basalt as a whole, this could add housing and storage while changing traffic, pedestrian routes and daily conditions on Fiou Lane.
The full picture
Council is not scheduled to approve or deny the 555 Basalt Avenue redevelopment April 28. It will visit the property at 5 p.m., reopen the continued public hearing during the regular meeting and examine three subjects: affordable housing and community benefit, projected traffic, and possible changes to Fiou Lane. Staff recommends hearing from the applicant and traffic consultants, taking public testimony, giving direction and continuing the hearing to May 12. The requested approvals include special review and amendments to the property’s planned unit development, which is the customized zoning plan governing this site.
MREH LLC proposes redeveloping the Myers & Company property at 555 and 556 Basalt Avenue. The 4.84-acre site consists of a 3.221-acre parcel and a 1.623-acre parcel in the Basalt Business Center South planned unit development. Existing structures would be demolished. The concept includes three residential buildings and seven commercial storage or flexible-work buildings, with 47 homes and 54 commercial units totaling 54,829 square feet. The residential buildings would contain homes above covered, open-air parking because portions of the property are in the mapped Southside floodplain.
Council held an introductory discussion March 24 and raised concerns about whether the project offered enough public benefit. The original housing package included 11 for-sale, price-capped homes: one studio, nine one-bedroom homes and one two-bedroom home. Those represented 23% of all homes and about 25% of residential floor area. The applicant now offers to restrict 11 additional homes—four studios and seven one-bedroom units—to primary residents. Together, the 11 price-capped homes and 11 primary-resident homes would cover 22 of 47 units, or 47%. The price-capped units would average Category 3 under Basalt’s housing system.
The Basalt Affordable Community Housing Commission supported the original number of price-capped homes because members believed for-sale housing fills an important gap. The Planning and Zoning Commission wanted more restricted housing. For comparison, staff says the Basalt Center Circle development was approved with 60% of its homes in a combination of price-capped and resident-occupied categories, while the Jadwin/Black Mountain preliminary plan reached 50%. Council must decide whether the new 47% proposal provides enough benefit and whether primary-residency restrictions offer the same long-term value as price and income limits.
Traffic assumptions have also changed. Council members questioned treating all 54 commercial units like low-traffic mini-storage when some could support business activity. The revised study treats 24 units in Buildings B, C and D, totaling 24,000 square feet, as light industrial space. Those units could accommodate businesses but could not serve as their primary workplace. The remaining 30 units in Buildings A, E, F and G would be legally restricted to storage only. A Colorado comparison supplied by the applicant describes four active businesses among 36 similar units: a car detailer, Porsche mechanic, lawn-mower repair business and architect.
Kimley-Horn engineer Curtis Rowe estimates the completed project would generate 27 trips during the morning peak hour and 39 during the afternoon peak. Counts at the existing Myers & Company driveway produced averages of 31 morning trips and 40 afternoon trips. The consultant therefore projects four fewer morning trips and one fewer afternoon trip than the current operation, along with fewer trucks. Town consultant Jim Charlier initially favored counting every commercial unit as light industrial but accepted matching the traffic categories to enforceable use restrictions. Both consultants are expected to answer questions April 28.
Residential vehicles would use East Cody Lane, while commercial traffic would enter from Fiou Lane. Gates between the residential and commercial portions would open when triggered by a fire alarm, allowing emergency vehicles through without creating a routine shortcut. The applicant supports making Fiou Lane one-way east of Summerset Lane toward Allison Lane. It also proposes a five-foot soft-surface pedestrian path beside the building and an extension along the east side toward Cody Lane and the Roaring Fork Transportation Authority park-and-ride. Removing the existing fence and setting buildings farther from the street are intended to improve visibility.
The site plan lists 69 regular residential parking spaces, two spaces associated with the two-bedroom home and 12 guest spaces. The applicant says 22% of the property would remain landscaped open space, compared with a 10% minimum, and approximately 40% of existing trees would be retained. New water, sewer, gas and electric service would be installed. The buildings would have sprinklers, and the proposal includes electric-vehicle charging, water-efficient landscaping and energy-efficient heating and cooling. The packet does not give a total construction cost, financing plan, sales prices, start date or completion schedule.
Council must weigh added housing and lower truck activity against building scale, floodplain constraints, the enforceability of storage rules and Fiou Lane safety. It can request different housing restrictions, traffic conditions or street improvements before a later decision. Residents may speak for up to three minutes during public comment at the start of the meeting and again during the 555 Basalt Avenue hearing. Written comments may also be emailed to council for inclusion in the record before the continued May 12 hearing.