Creek View coming on line
Brothers developing project have moved into townhome
By Blythe Terrell (Contact)
Wednesday, September 24, 2008
Steamboat Springs — The brothers who are developing the Creek View Townhomes and Plaza in Hayden fully endorse their project — by living there.
Stef and Louis Nijsten already have set up housekeeping in their new townhome. Their project includes Creek View Grill, eight condos, seven retail units and six townhomes. Two more sets of five townhomes each are under construction.
The units are in western Hayden, across U.S. Highway 40 from the Hayden Mercantile.
“It’s starting to come alive,” Stef Nijsten said. “I’m pretty pleased with how that worked. It’s a nice place to live.”
The three-bedroom townhomes cost about $310,000. About four of the first six units have been spoken for, Nijsten said. Two couples are set to move in soon, he said. The brothers, who are developing Creek View with Bob Zibell, plan to rent out some of the townhomes and condos.
“I think it’s just like anybody else that’s developing property in this market,” Stef Nijsten said. “It’s changed a lot from everything sells to things not moving very fast. … If it’s not on the buyers’ market, it’s on the rental market, and we’re going to adapt.”
He said they plan to sell two-thirds of the units and rent the other third. The brothers might own some units and open up others to investors. The Nijstens would manage the properties for those investors.
The properties will rent for about $600 a bedroom, Stef Nijsten said.
“Another advantage of it is people who are not able to buy will still have an opportunity to get in,” he said.
And that way, the units won’t go to waste, he said.
“What’s the point of having these beautiful units sitting empty when we know there’s people that need them?” Nijsten asked.
Annette Hall, who is listing the units with Louis Nijsten through Mount Werner Realty, said interest in the project had lagged but was picking up.
“They turned out nicer than I thought they would be,” Hall said.
The units come with appliances, including a washer and dryer, and hookups for surround-sound systems. The townhomes include tiled kitchen areas and fireplaces. Pets are allowed in the units, Hall said.
Three of the seven retail units are available, she said. The others will house a lender, an appliance and home furnishings store, a Mount Werner Realty office and a home electronics store. A motel also is planned for a separate lot on the 3.21-acre parcel.
“Everything is starting to look real nice, and we still have a few units available in that retail space,” Stef Nijsten said. “If anyone thinks the town of Hayden needs a business that’s not here yet, they should look us up.”
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