SILVERTHORNE — The final plan for a mixed-use development on Silverthorne’s riverfront, along with a wetland-disturbance permit, was approved unanimously by the town council Wednesday.

The Sapphire Plaza development includes three buildings, including both residential units and commercial space.

The three buildings will be located on 2.6 acres that back up to the Blue River, between 11th and 12th streets off the Blue River Parkway.

“It’s certainly one of the town’s more visible key properties along the riverfront,” said Ryan Hyland, assistant to the town manager. “ … It’s been a long time since we’ve started the project. We finally got it through.”

The structures would house both 4,500 square feet of commercial space and 17 one- and two-bedroom high-end condos. The project also will incorporate walkways and bike paths.

In April 2007, the council approved the initial plan with eight limitations, including limiting the height of the buildings to 35 feet.

“We do allow certain architectural features that go above that,” Hyland said. “The roof line does meet the code.”

The Silverthorne-based developer, Chris Peterson, came back with his architect, Darrick Wade, with a final plan Wednesday, addressing all limitations and providing the council a palatable plan with an reduced height.

Fellow developer Con Muilenburg was not present at the meeting.

The planning commission recently recommended that the Silverthorne Town Council reject this plan because of questions about water quality and disrupting the visual corridor.

Council members felt that those concerns were addressed.

“They have to get their financing together, so they can build it, which is the challenge for everyone right now,” Hyland said.

The developers hope to begin construction within the year.

“As soon as the economy loosens up, we’ll go forward,” Peterson said.