Meadowlark at Mountain Village

Meadowlark at Mountain Village was a public-private partnership between the Town of Mountain Village and Triumph Development West. The Town of Mountain Village understands the region’s pressing need for our local workforce to have a place to call home, and Meadowlark at Mountain Village is one piece of the larger puzzle in the Town’s multifaceted Community Housing Initiative.

Project History

The Town began the process of developing Lot 644 in early 2022. Although Lot 644 is platted for 41 units, the Town received significant input from the Meadows residents regarding density on Lot 644 and within the Meadows as a whole.

As a result, the project now consists of 29 employee condominiums spread throughout four separate buildings, including a multi-family building with 12 one- and two-bedroom condo units and three townhome-style buildings with a total of 17 two- and three-bedroom condo units. The project will also provide a total of 56 parking spaces.

The project design was approved by the Mountain Village Design Review Board in November 2022 and ground will break once the snow melts in spring 2023. Move in began in November 2024 and the final unit was sold in January 2024.

Deed-restriction parameters:

• 4 percent annual appreciation cap.
• There are no income limitations.
• The unit must be an individual owner’s principal place of residence with a physical presence within the R-1 School District boundary. An individual owner may lease a room to a qualified tenant so long as the lease term is at least 13 months.
• In the event the unit is owned by a business, the unit must be leased to a qualified tenant/s who is an employee of a business with a physical presence within the R-1 School District boundary and for a term of at least 13 months.
• An owner cannot own another Meadowlark unit.
• At least one resident/owner of each unit must work an average of 32 hours or more per week at a business with a physical presence within the Telluride R-1 School District boundary.
• A qualified owner may lease to a qualified tenant so long as the lease is for 13 months or longer.
• The MVHA will have the first offer to purchase the property upon resale.