Yampa River Village, LLC and Yampa Valley Medical Center to jointly apply for annexation of a new mixed-use project


STEAMBOAT SPRINGS, CO (September 2008) – Yampa Valley Medical Center (YVMC) and Yampa River Village, LLC, a division of Wilton Development Corporation announced they will collaborate to develop The Bridges at Steamboat, a community that will combine a residential mixed-use neighborhood with commercial services and senior living accommodations. The two organizations submitted a joint preapplication for annexation to the City of Steamboat Springs today, which will allow the community and City staff to review the plan and provide feedback. “We are very excited to partner with Yampa Valley Medical Center to offer this unique concept to meet the growing needs of our community,” Randall Hannaway, partner, Yampa River Village, LLC, said.“The goal of The Bridges at Steamboat is to bridge between generations, life experiences and the Steamboat lifestyle.” The anticipated project will be located on approximately 36 acres of land located on the Yampa River south of Steamboat Springs between Bald Eagle Lake and Steamboat Christian Center. The site is one of the last remaining parcels of its size in close proximity to the hospital, a highly desirable factor for The Senior Living Campus. The Senior Living Campus could provide more living options in one location than currently available anywhere in Routt County. “Our vision is to have a campus that brings together multiple levels of living options for seniors,” Yampa Valley Medical Center Chief Executive Officer Karl Gills said. “Options would include independent living, assisted living and long-term, skilled nursing care.” The two apartment complexes for independent living in Steamboat Springs are generally full Gillas noted. The Haven in Hayden is the only assisted living center in Routt County. The Doak Walker Care Center is the only skilled-nursing center in Routt County, and it is filled to capacity and usually has a waiting list. “This concept not only achieves this vision but integrates senior living with a residential and commercial area that provides a truly multi-generational community,” Gills said. “The setting is beautiful, encompassing the Yampa River, wetlands and wildlife habitat.” “If approved it will provide its future residents with an experience-based community reflecting the heritage and connection to the outdoors found in the Yampa Valley,” Hannaway added. At the center of this project is the Town Square, which would contain retail and services intermixed with loft and town home living

“The Town Square is the cornerstone of our multi-generational approach,” Hank Wilton, manager of Yampa River Village, LLC said. “It will provide a place for all the residents of the Bridges, both young and old to eat, shop and interact as a true neighborhood.”

The third element of the Bridges of Steamboat proposal is the Yampa Club, a new urbanist village including multi and single-family cottages and town homes focused on the Yampa River experience.

In addition to the multi-generational aspects, the Bridges at Steamboat will be an important addition toSteamboat Springs by creating a handsome and welcoming entry transition into Steamboat and serving as a model for a neighborhood respecting and celebrating the surrounding wildlife and natural wonders.

The plan also calls for a child care center to continue the intergenerational program now enjoyed by residents and children in the GrandKids Child Care Center. Gills noted that YVMC anticipates continuing to provide child care for YVMC employees in the current GrandKids facility.

Although YVMC is taking the lead in planning the new senior living campus, Gills said development of the site is beyond the hospital’s current capital capabilities. “YVMC will evaluate various options to bring the Senior Living Campus to reality,” Gills said. “Our vision is a campus that can expand to meet the community’s needs for years to come.”

The Project Team hopes the plan will be well received by both the community and staff so as to move quickly through the due diligence and annexation process. The goal would be to begin construction with the first phase of infrastructure within the next two years.

About Yampa River Village, LLC:

Yampa River Village, LLC, is a subsidiary of Wilton West of Steamboat and The Wilton Companies, LLC of Richmond, VA. Originally founded in 1945, The Wilton Companies have been part of many successful real estate endeavors and maintained successful relationships with local owners, developers and the brokerage community. Wilton has a reputation for completing transactions with the highest level of experience, competence and integrity. Established in 2007 and based in Steamboat Springs, Wilton West of Steamboat is a land development firm that specializes in balanced resort communities.

About Yampa Valley Medical Center:

Yampa Valley Medical Center is a non-profit, non-tax-based, independent, community hospital located in Steamboat Springs, Colorado. It provides sophisticated medical services to more than 44,000 outpatients annually serving residents throughout northwest Colorado and visitors from around the world. YVMC provides emergency care, surgical services and a Family Birth Place with a Special Care Nursery. There are currently 29 acute-care beds at YVMC and 59 long-term beds at the Doak Walker Care Center. Additionally YVMC provides comprehensive therapy and rehabilitation services.