Red House Apartments at Jackson & Kelly
What is this:
This project is a partnership between the Cumming Family Foundation and Teton County that will result in a 100% deed restricted apartment development in downtown Jackson, Wyoming.
The Cumming Family Foundation owns six lots that are zoned CR-2 and located in the lodging overlay, which means they could develop them into a three-story short-term rental project – like a hotel or high-end condos. Instead, the Foundation has offered to partner with Teton County, who owns four adjacent lots to the south of the Foundation’s lots, to develop 100% deed restricted apartments. The development includes 10 lots total: 320 & 360 & 380 S. Jackson St., 255 & 257 W. Kelly Ave., 335 S. Millward St., 270 W. Hansen Ave., Lots 2-4 Blk 9 2nd Wort Addition.
Building housing that is safe, stable, affordable, and close to jobs and transit, allows our workforce to live, spend, and volunteer locally. It also reduces traffic congestion on our highways, limiting wildlife-vehicle conflicts and lowering our carbon emissions.
A stakeholder meeting was held November 5, 2020 to discuss the design and programming for the development. A summary of this meeting can be found here. In addition to this meeting, individual stakeholder interviews were conducted in the spring of 2020. A summary of these interviews can be found here.
The Board of County Commissioners will consider transferring the County’s four lots to the Foundation in return for a 100% deed restricted development that includes 15 employee rights of first rental for Teton County employees. December 2020.
The Foundation as developer, will take the project through the Town of Jackson’s planning process. The Housing Director and Town Community Development Director will work closely with the Foundation throughout this process. January 2021 – July 2021.
Groundbreaking. Fall 2021.
Completion. Summer 2023.
Total units: The project is still in the preliminary design stage and total units and bedroom counts have not yet been determined.
Affordability: 75% Affordable Rentals, 25% Workforce Rentals
Project Team: Hoyt Architects, Jorgensen Associates, Herschberger Design, and Shaw Construction.
Developer: Cumming Family Foundation