VR launches real estate project in anticipation of Skyway Skiway
BRECKENRIDGE – Vail Resorts is moving on its much anticipated Skyway Skiway, a project that will allow skiers and riders to get to the in-town parking lots without lining up for buses.The project is hinged on sales of the second phase of a real estate project at Mountain Thunder Lodge on Park Avenue, which Vail Resorts announced last week that sales on the project will begin next month.”If we hit our presales requirement, then we’d start construction (on the Skyway) this spring and it would be ready for the 2006-2007 season,” said Alex Iskenderian, vice president of Vail Resorts Development Company. The announcement came two days after Vail Resorts chief Adam Aron told the Breckenridge Town Council that if the real estate market picks up, it would be the catalyst to speed construction of the Skyway Skiway.
He also said that if Mountain Thunder sales go well, it would be a signal of an improved real estate market that would speed development plans at the planned Peaks 7 and 8 base villages.The ski company is required through an agreement with the town to complete the Skyway by 2008, but Iskenderian said the move to launch real estate sales and possibly start construction means the skiback could be expedited by a few years.The Skyway is a skiback run from Peak 8 that would traverse over a bridge near the Hunt Placer Inn on Ski Hill Road and end by the Mountain Thunder Lodge.Skiers that currently line up for buses at the base of Peak 8 would instead use the skiback run to the valley floor, then cross Park Avenue and access the day-use parking lots.
The town granted approval on the bridge design at a planning commission meeting Nov. 16.Plans call for 34 townhome-style units with two or three bedrooms from 1,100 to 1,600 square feet. Twelve units will be available in the first offering next month. Prices were not available Friday but will be released in three weeks, said Eric Thompson, managing broker for Slifer, Smith & Frampton Real Estate, the company leading sales efforts for Vail Resorts.
Summit County’s real estate market slowed in 2002 but picked up again this year, surpassing last year’s sales volume in the first three quarters by 33 percent.”The market is very healthy right now,” Thompson said. “We’re not back to the boom of 2000, but things have really picked up.”If sales at Mountain Thunder go well, plans could advance to begin work on new base villages at Peaks 7 and 8. Real estate sales there are hinged to the gondola project, Aron said, which would carry customers up the mountain and eliminate the morning bus run. Kim Marquis can be contacted at (970) 668-3998, ext. 249, or at firstname.lastname@example.org.
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