Summary

32 for-sale townhomes developed in a public-private-partnership with the Town of Vail. Triumph was selected by the Town of Vail through an RFP process to lead the development of this locals’ housing project. Triumph led the development team that worked with Staff and Council to study various development options and structure the project that is underway today. Modular construction was the basis of design, but all exterior finishes and architecture detail are site-built to meet the Town’s design guidelines. The modular component was built in Boise, ID and assembled and completed onsite by a local General Contractor. By utilizing this innovative form of construction, the first units were ready for occupancy in eight months after site and utility work began. The project was entitled in the Town’s Housing Zone District in three months. All units contain a deed restriction that requires homes to be occupied by a permanent resident of Eagle County. All units were reserved through a lottery at the beginning of construction with a substantial waiting list. Triumph is providing a guaranteed maximum price and schedule for the development to minimize the Town’s risk of overruns and delays. Construction began in May 2017. The first units received certificate of occupancy in early January 2018.