The First Phase of Construction Wraps Up at Fox Hollow in Edwards
Once completed, Fox Hollow in Edwards will bring 87 units and 217 bedrooms across 13 buildings — all for Vail Health employees. At the beginning of February, the first two buildings and 12 units on the site will be ready for residents. The remaining units are expected to open for occupancy by this summer.
The fully-electric development has a mixture of three-bedroom, two-bedroom and one-bedroom units, each with a deck, air conditioning, in-unit washer and dryer, basic furniture pieces and more. There is a mixture of private garages and surface parking across the site, with Vail Health planning to have shuttles to its facilities for residents.
Vail Health will purchase 27 of the units and master lease the remaining 60 from Breckenridge Grand Vacations for the next 10 years.
“Even though we were not required to make this 100% local, 100% affordable project, we chose to do that anyway,” said Craig Cohn, the chief real estate development officer at Vail Health, of the partnership with Breckenridge Grand Vacations.
Fox Hollow will double Vail Health’s inventory of employee housing — from 93 units to 180 — and will serve a different need for employees, allowing them to stay in their units for up to five years.
The hope is that Fox Hollow will also help recruit new staff, especially as Vail Health readies to open an inpatient behavioral health facility, the Precourt Healing Center, in 2025, which will add around 150 more employees. Of the first nine individuals who have signed leases and will be moving into Fox Hollow in February, Cohn said that two or three are relocating to the Vail Valley to work at Precourt.