After building mostly single-family homes in Evergreen for the last 30 years, a general contractor is branching out into the world of short-term rental cabins and events.
Liam Cassidy, who runs the construction company Cassidy Inc., is breaking ground on Stay 7830’, a cluster of 14 short-term rental cabins located at 945 Nob Hill Road in Evergreen.
Named after the 7,830-foot elevation of the property, the new cluster of short-term rental cabins will include one-bedroom and two-bedroom options, all with their own back decks to take in the surrounding views. The site is approximately seven acres.
After buying the property two years ago, Cassidy originally planned to split the property and sell the lots. That was before he fell in love with it, with its views of the Denver metro area to the east, and those of the Continental Divide to the west.
“I want to keep something. I’ve always gotten rid of everything I’ve done,” he said.
Currently, the property has a single-family home on it that Cassidy will renovate into a clubhouse and common area for guests. Outdoors, common space for guests will most likely include a large patio, fire pit and space for horseshoes and cornhole. Cassidy plans to rent the cabins for weddings, corporate retreats, yoga retreats and other events.
Cassidy purchased the site at 945 Nob Hill Road for $1.7 million in 2021, according to property records, and then worked with Jefferson County to rezone the property from commercial and light industrial use to commercial and residential use. He’s also investing $5 million into the development of Stay 7830’. At 60% capacity, he expects to bring in approximately $1 million per year.
The cabins all come with full kitchens, carports with electric vehicle charge points, and pricing for each cabin will be approximately $285 to $300 per night for the single-story cabins.
“We want people to come enjoy it. We don’t want to price it up where we’re sitting empty, obviously,” Cassidy said.
Cassidy has hired Cathee McKeown and her husband to be the property managers for Stay 7830’, and Mckeown is doing interior design for the cabins as well. Mckeown expects weddings will play a big part in future bookings.
“Not everybody wants to stay in one big house together, but they can rent four or five cabins and all be close and be able to mingle and visit with each other but have their own separate spaces,” she said.
By June of next year, Cassidy hopes to have all 14 cabins built, but he plans on renting them out to guests once the first few cabins are complete.
“It’s shovel-ready right now. That’s why we’re digging, so it’s really going to happen,” he said.
Cassidy Inc. is the general contractor on the project, while Evergreen-based Winegard Design Group is the architect for Stay 7830’. The cabins feature what Cassidy calls a “mountain modern” design.
While Cassidy thinks he might get some locals to rent cabins, guests will primarily be out-of-state visitors looking for a mountain getaway right off Interstate 70. The location is also approximately 15 minutes from Red Rocks Park and Amphitheatre, and approximately 30 minutes from downtown Denver.
One of Cassidy’s recent development projects was the nearby subdivision with 26 lots called Skyline Ridge that now have homes worth between $1.5 million and $2 million, he said.
Outside of Stay 7830’, Cassidy is open to developing more short-term rental projects, including in other Colorado towns, or even Costa Rica. But for now, he’s focused on Evergreen.
“Let’s get this one going and see how it goes,” he said.
The cabins are near the famous El Rancho restaurant, which recently went through a change of ownership.