Modular builder Fading West demands millions from developer of Granby project
Fading West, which has been making modular buildings in Buena Vista since 2016, is asking an arbitrator to make Summit Housing Group pay up
Denver Post
Sean McAlindin/Sky-Hi News
A state-backed manufacturer of modular homes is seeking $5.7 million from a developer after that developer ordered it to stop work on a modular apartment project in Granby.
Fading West, which has been making modular buildings in Buena Vista since 2016, is asking an arbitrator to make Summit Housing Group, a Montana-based developer, pay up. Modular homes are created in a warehouse and then assembled on-site to save time and money.
In 2023, Summit and Fading West agreed to work together on the 76-unit Summit at Granby Apartments, 24 Pioneer Drive in Granby. Fading West was to be paid $10.2 million.
“This innovative project is blazing the trail for a significant change to the future of low-income housing,” Summit announced at the time. It called the project an “advance in modular building design and execution” made “possible through the deep experience” of Fading West.
Fading West says it was chosen because of its experience with state tax credits. The project’s first two bids for help from the Colorado Housing and Finance Authority were denied in 2023 and 2024. But at the end of 2024, Summit was awarded $1.5 million in tax breaks.
Read the full story at DenverPost.com.
Support Local Journalism
Support Local Journalism
The Sky-Hi News strives to deliver powerful stories that spark emotion and focus on the place we live.
Over the past year, contributions from readers like you helped to fund some of our most important reporting, including coverage of the East Troublesome Fire.
If you value local journalism, consider making a contribution to our newsroom in support of the work we do.