Key Dates

Town Council approved a recommendation from the RFP Interview Committee regarding the selection of Servitas as the development team for the Canyonlands/Towerhouse Public Private Partnership and authorization of the Town Manager to execute a Predevelopment Agreement (PDA).

The Town and Servitas will host two community meetings surrounding the Canyonlands/Tower House Public Private Partnership, the first of which will take place June 29 from 5:30-7 pm in the Wilkinson Public Library Program Room. ⁠
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During this meeting, representatives from Servitas and the Town of Telluride will discuss the project history, needs and next steps as well as discussing the RFP, site information, and a programmatic in-person survey. ⁠

Thursday, August 3 | 5:30-7 pm | Wilkinson Public Library

Servitas and the Town of Telluride will present the following:

• Conceptual Design
• Site Planning
• Virtual Proposed Floor Plan Walkthrough

The Project Open House is free and open to the public and a great opportunity to review the proposed plans, ask questions and offer feedback. 

Canyonlands / Townhouse Public-Private Partnership
Project Description: This project consists of 28 deed-restricted rental units, 8 for-sale deed-restricted units, and 3 free-market units. It aims to increase workforce housing through a collaborative public-private model.
Team: Servitas LLC / BCC
Past Activities: Ground Lease, Replenishment Resolution, and THA Resolution approved in 2024; preliminary and demo permits issued in January.
Status: Financing closed in February; project is under construction.
Projected Completion Date: March 2026
Approx. AMI Target: 120% average