Work on the 168-unit development at 60 Rosecrans Lane known as Hidden Hollow will begin this week with plans to welcome residents as soon as next fall.
Construction of the largest development in Jackson since Cottonwood Park will be broken into several phases over the next three years.
“We continue to be ambitious, pushing this along as fast as we can,” project manager Zane Powell said. “We want to get as much done this summer as possible.”
The phase to begin this week, 1a, involves infrastructure work. That includes improvements to Mercill Avenue, the development’s main point of egress, and the installation of underground utilities.
Phase 1b will go before the town’s Planning Commission today. If it passes, the proposal will go to the Town Council on July 17 for final approval.
If approved, phase 1b will include the construction of eight townhomes and two multifamily buildings containing 55 units, including 13 one-bedroom units of 642 square feet each, 30 two-bedroom units of 979 square feet each and 12 three-bedroom units at 1,214 square feet apiece.
Eighteen units will be salary restricted for category 1, 2 and 3 families making less than 120 percent of the area median income, or $103,000 for a family of four, $72,000 for an individual.
An additional 18 units will be workforce housing, reserved for locals, no matter their yearly income. The final 19 units will be sold at market rate.
The units are “not necessarily aimed at housing those individuals who earn less than 120 percent of the area median income, which is what our affordable units are focused on,” April Norton, executive director of the Jackson/Teton County Joint Housing Authority, said when the project’s sketch plan was approved in December. The workforce deed restriction is for “gap housing” for people who make over 120 percent of the area median income.
“We know we have a demand there,” Norton said. “We know we have a demand that’s not being met. This is an opportunity for us to meet this demand without having to provide subsidy dollars for it.”
Each phase of construction will need separate approval from the planning commission and Town Council.
In total the development will have 13 detached single-family units, 20 townhomes and 135 single-family apartments in five buildings.
In phase 1c the final 12 townhomes will be built. Phase 2 will construct two additional multifamily apartment buildings.
Phase 3 will complete the final multifamily building before the developers begin planning 13 single-family homes.