Cable #6024December 3, 2025

Cline Dahle Mix

Columbus Pacific seeks to turn a workforce asset into a boutique market swing, but the lack of premium facade threatens both ROI and aesthetic appeal.

Columbus Pacific Development has arraigned Summit County Council with a pitch that drifts gently away from the designated non‑profits and toward a more market‑directed model for the Cline Dahle parcel. The project, which sits just south of Jeremy Ranch Elementary School, would convert 22 deed‑restricted units from the 120‑150 % AMI band into full price stables, and swap a portion of the 60‑90 % AMI apartments for two‑and-three‑bedroom townhomes priced near $400,000. The developer cites the county’s workforce earning a median near $44,000—well below the median home‑buyer and argues that a higher‑income lease market would live up to the capital to deepen affordability elsewhere. Yet the proposal never names the cladding, veneer, or roofing material; no oxidized copper, native sandstone or reclaimed Douglas fir is on the drawing board. From a return‑on‑investment perspective, the mix of rental and sales units looks marginal; ROI rises by a scant 1 % if the developer leans into for‑sale units, but the lack of resilient, award‑winning façade material will only drive future maintenance costs. Given the ambiguity in both zoning and material programming, I recommend a Sell.

Filed Under:
#Real Estate#Development#Jeremy Ranch#Cline Dahle#Columbus Pacific Development#Summit County Council