{"id":1302973,"date":"2019-01-29T07:15:53","date_gmt":"2019-01-29T14:15:53","guid":{"rendered":"https:\/\/www.vaildaily.com\/?p=445114"},"modified":"2019-01-29T07:15:53","modified_gmt":"2019-01-29T14:15:53","slug":"vail-valley-has-strong-demand-limited-supply-for-smaller-housing-units","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kske\/local-news\/vail-valley-has-strong-demand-limited-supply-for-smaller-housing-units\/","title":{"rendered":"Vail Valley has strong demand, limited supply for smaller housing units"},"content":{"rendered":"<p>EAGLE COUNTY \u2014 A lot of young professionals in the valley would rather not live with roommates. That can be hard. Just ask Makenzie Mueller.<\/p>\n<p>Mueller is a young professional in her mid-20s. She grew up in the valley, graduating from Battle Mountain High School in 2012. She&#8217;s recently returned to the area to work in her father&#8217;s business, Remonov &amp; Company.<\/p>\n<p>Mueller doesn&#8217;t want to live with roommates, and she doesn&#8217;t want to live with her parents. So, for now, she&#8217;s still renting a place in Salt Lake City, working remotely when possible and staying at her parents&#8217; place for a few days at a time when she&#8217;s in town.<\/p>\n<p>&#8220;It&#8217;s actually cheaper to live in Salt Lake City and commute,&#8221; Mueller said.<\/p>\n<p>And, Mueller said, she&#8217;s adamant about having her own space. A former Battle Mountain classmate is in a similar position, holding a manager&#8217;s job in the valley. She shares a home in Singletree with five other people.<\/p>\n<p>The need for one&#8217;s own space is just part of the valley&#8217;s housing crunch.<\/p>\n<div id=\"single-mid-script\" class=\"p402_hide\">\n<h2>Recommended Stories For You<\/h2>\n<\/p><\/div>\n<p>Eagle County Housing Director Kim Bell Williams said the valley currently needs another 800 units simply to address overcrowding.<\/p>\n<h3>Broad-based need<\/h3>\n<p>&#8220;Rents are increasing, and people are choosing to share bedrooms,&#8221; Williams said. &#8220;You find four people sharing a two-bedroom condo.&#8221;<br \/>While rental units are being built, Williams said it&#8217;s still hard to for a single person to find non-roommate housing.<\/p>\n<p>&#8220;We need all types of units: rental, sale, small, big\u2026 ultimately there&#8217;s a lot of pressure on those smaller units.&#8221;<\/p>\n<p>The valley&#8217;s active lifestyle \u2014 and the gear that goes with it \u2014 puts even more pressure on those seeking smaller units. Williams said people looking at a deed-restricted, two-bedroom, one-bath unit in Miller Ranch, and quickly ask: &#8220;&#8221;Where do I put my skis and bikes?&#8221;<\/p>\n<p>Kelly Herzog is one of three principals in Zogo, a development company owned by her, her husband and her husband&#8217;s brother.<\/p>\n<p>That firm recently opened &#8220;thehouse,&#8221; a former hotel in Eagle that&#8217;s been converted to 54 studio apartments. Those units are furnished, with kitchenettes. The hotel&#8217;s common areas have been turned into community spaces.<\/p>\n<p>Herzog acknowleged that the community spaces have been a little slow to come together. On the other hand, the first residents just moved in Dec. 1. Most, presumably are working.<\/p>\n<p>Herzog said thehouse isn&#8217;t full yet, but she expects to be fully leased in in the next few weeks.<\/p>\n<p>Filling thehouse is a contrast to another project the Herzogs developed, the Red Table Apartments in Gypsum. Those filled quickly, but the Herzogs only brought eight units at a time into the market.<\/p>\n<p>Herzog said when vacancies do come up at Red Table, they&#8217;re generally filled in a day or two.<\/p>\n<p>The Red Table apartments are one- and two-bedroom units. Another Herzog-owned project, an older eight-unit building in Eagle, also fills quickly.<\/p>\n<p>Herzog said there&#8217;s a lot of demand, adding that a number of people are ready to be rid of roommates.<\/p>\n<p>One of the first tenants at Red Table was a school teacher in her early 40s.<\/p>\n<p>&#8220;It&#8217;s the first time she&#8217;d lived on her own,&#8221; Herzog said. &#8220;It was fun to give that experience to her.&#8221;<\/p>\n<h3>But is it convenient?<\/h3>\n<p>Herzog noted that thehouse in particular is a handy place. It&#8217;s close to Eagle&#8217;s City Market store, as well as restaurants and a liquor store. The apartments are also near the town&#8217;s park and ride facility, which gives access to the county&#8217;s ECO Transit service, as well as the state&#8217;s Bustang service to Denver.<\/p>\n<p>Mueller said she gave thehouse a serious look \u2014 &#8220;It&#8217;s a really great idea,&#8221; she said \u2014 but ultimately decided to keep looking for a place in Edwards or points east.<\/p>\n<p>&#8220;To me, studios and one-bedrooms are perfect,&#8221; Mueller said, adding she belives smaller units are an overlooked part of the market.<\/p>\n<p>And, while the western-valley communities are fine in their own right, Mueller doesn&#8217;t want to be a commuter.<\/p>\n<p>&#8220;I went to school in San Francisco,&#8221; she said. &#8220;I moved (from there) because I didn&#8217;t want to commute. Gypsum&#8217;s great, but my passion is hiking, skiing, climbing\u2026 it seems silly to have to commute here.&#8221;<\/p>\n<p>For now, Mueller&#8217;s willing to wait for the right thing to open up. In the meantime, more units are coming, but not enough to satisfy the shortage.<\/p>\n<p>Vail Daily Business Editor Scott Miller can be reached at <a href=\"mailto:smiller@vaildaily.com\">smiller@vaildaily.com<\/a> or 970-748-2930.<\/p>\n<div id=\"single-factbox-mobile\" class=\"visible-xs-block\" readability=\"6.946835443038\">\n<p><strong>Four facts<\/strong><\/p>\n<ul>\n<li>Vail has a jobs\/housing imbalance of about 6,000 jobs, meaning there are 6,000 more employees than places to live within the town limits.<\/li>\n<li>Conversely, there are more workers than jobs in the western valley.<\/li>\n<li>In 2017, there were 7,660 rental units in the Vail Valley.<\/li>\n<li>If there was a 5 percent vacancy rate, that number would be 7,970.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.eaglecounty.us\/uploadedFiles\/ECG_Website\/Housing_and_Development\/Documents\/2018%20Eagle%20Valley%20Housing%20Needs%20and%20Solutions%20FINAL.pdf\">Source: Eagle County Housing Needs Assessment, 2018.<\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.vaildaily.com\/news\/vail-valley-has-strong-demand-limited-supply-for-smaller-housing-units\/\" target=\"_blank\">via:: Vail Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EAGLE COUNTY \u2014 A lot of young professionals in the valley would rather not live with roommates. That can be hard. Just ask Makenzie Mueller. Mueller is a young professional in her mid-20s. She grew up in the valley, graduating from Battle Mountain High School in 2012. She&#8217;s recently returned to the area to work [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[160],"tags":[],"class_list":{"0":"post-1302973","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-13 09:45:20","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSKE Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kske","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1302973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/comments?post=1302973"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1302973\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/media?parent=1302973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/categories?post=1302973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/tags?post=1302973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}