More luxury units come to Breck
November 29, 2007
BRECKENRIDGE – One Ski Hill Place, a 90 unit development at the base of Peak 8, is about to raise the bar for luxury.The first 15 of 90 units will be released Dec. 8, and there’s already interest, according to Alex Iskenderian, vice president of Vail Resorts Development Company.The asking price of the first of four penthouses will be $2.67 million – the highest asking price for a non-single family residence in Summit County. The previous record was $2.4 million from a Crystal Peak unit.The price per square footage is also notable – prices range from $963 to $1,385 per square foot. Last ski season, Breckenridge’s Crystal Peak Lodge sold about two-thirds of its units for approximately $928 per square foot in weeks after the initial offering. This time, what people are buying is a premium location with amenities not yet seen in Summit County, said Jeff Moore, broker at Slifer, Smith and Frampton. A two-lane bowling alley will be designed to look like an old mine shaft. An aquatics center will feature two swimming pools, an indoor hot tub and an outdoor plaza with a private hot tub and fireplace. Owners will be able to use a game room, two movie lounges, lockers and more. Other amenities include three restaurants, a conference center, a sports massage center, daily maid service, room service and ski and snowboard rental services.One Ski Hill Place is a RockResorts property, the hotel division of Vail Resorts. RockResorts also owns and manages Keystone Lodge. “What makes RockResorts so special is it prides itself on a high employee-to-guest ratio,” Moore said, adding that it’s the type of environment where employees know owners by first name. “People love to be pampered on their vacation … There’s definitely clientele who expect that.”Moore said visitors, especially baby boomers, have been looking for this level of luxury – a level they find at other premiere world destinations, but until now have not found in Summit County.”I think it will raise the bar in Breckenridge,” he said, adding that it might have a micro impact on the rest of Summit County.Iskenderian said the level of luxury “is likely to pull everything up with it in Summit County.”One thing seems certain: Breckenridge is upping its level of extravagance. “Breckenridge is ready for this type of luxury,” he said. “It’s been happening over the last few years. Breckenridge as a town and a ski resort has been growing in prominence … Some are comparing it to Aspen and Vail and perceiving a value over here because it’s still less expensive. Breckenridge has really gotten to the point where it’s ready to get closer to Vail and Aspen.”The units, which range from studios to four bedrooms, feature modern lodge interiors with natural wood and stone, all designed to meet certification requirements of Green Globes. The lodge will include recycled materials and low-energy windows, as well as fiber cement siding, faucet and toilet sensors, engineered hardwood flooring, native stone and Energy-Star appliances and water-saving devices.”We have this commitment to the environment that’s been even more pronounced in the last year or two,” Iskenderian said.The development will only provide 105 spaces for the 90 units, but developers are dealing with the parking limitation by offering valet parking between Peaks 7 and 8, Moore said.Currently, developers are offering units to original owners of Mountain Thunder Lodge in Breckenridge, of which there are about 35. Iskenderian said there has been interest, and when they offered properties at Crystal Peak Lodge, they sold about three or four to Mountain Thunder owners. He expects to get some sales from Mountain Thunder owners before public release. The second release of units will take place once the first 15 go.”We’ve got a lot of interest,” Iskenderian said. “We will keep inventory in front of them. There’s not going to be a lag time between releases.”Construction is scheduled to begin in May, pending presales, and due for completion for the 2009-10 ski season.Kimberly Nicoletti can be reached at (970) 668-4651 or at email@example.com.
Studio, 1 bath, 522 square feet, $585,0001 bdrm, 2 bath, 752 square feet, $740,0001 bdrm + murphy, 2 bath, 919 square feet, $885,0002 bdrm, 2 bath, 1,155 square feet, $1,375,000. Another one priced at $1,330,0003 bdrm, 2 bath 1,209 square feet, $1,530,000. Two others priced at $1,590,000 and $1,675,0003 bdrm, 3 bath, 1,489 square feet, $1,675,0004 bdrm, 4 bath, 1,972 square feet, $2,670,000