Habitat's L3 Condo Project in Glenwood Another Step to Housing the 'Missing Middle'

Habitat for Humanity Roaring Fork Valley has never been one to stay inside a certain box when it comes to making the dream of home ownership a reality for more area residents.

The organization’s recent $35 million purchase of the L3 Apartments in Glenwood Meadows, with a plan to convert the 88 studio and one-bedroom apartments into ownership condominium units, is just another example.

“It took a real vision to complete this deal, and it was definitely a challenging decision,” said Gail Schwartz, CEO of Habitat RFV. “When you step up to something of this magnitude, there is risk involved. You need to think as a business, as a developer, and approach the project at a totally different level.”

Habitat already has the wheels turning on numerous other projects, including final construction on the 20-unit Wapiti Commons in Rifle, planning for another six units at its Confluence property in Glenwood Springs and — what Schwartz referred to as the “brass ring” for the organization — a modular home manufacturing plant in Rifle.