Wolfe to head Breck, Keystone projects
BRECKENRIDGE – Jack Wolfe, a key player in one of the High Country’s largest development companies, has accepted a position with Vail Resorts Development Co. (VRDC) as vice president of development for Summit County.
VRDC is the real estate planning, development, construction, retail leasing and management subsidiary of Vail Resorts Inc. Vail Resorts owns Breckenridge Ski Resort and Keystone Resort in Summit County.
Wolfe has been a partner at East West Partners for the past nine years, helping develop high-end, amenity-driven projects such as Main Street Station in Breckenridge and the Reserve in Frisco.
In his new position, Wolfe will oversee development of the base areas at Peaks 7 and 8, as well as other real estate holdings in Breckenridge and Keystone. He starts Oct. 28.
Ski company officials are working with town planners to develop a grand lodge and about a dozen single-family homes, as well as skier services and retail, restaurant and other amenities at the base of Peak 8. They also are working to create a variety of retreat-like residences on Peak 7.
The ski company also plans to build a gondola to serve the base areas at Peaks 7 and 8. The proposed gondola route would start in the Watson parking lot, ascend Shock Hill, traverse Cucumber Gulch to Peak 7, then turn left and terminate at Peak 8.
Additionally, Wolfe will work with the town to develop and implement the shared vision of creating a world-class resort community.
Wolfe also will serve as the company’s senior representative overseeing a joint real estate venture between Keystone and Intrawest Corp. Vail holds a half interest in Keystone Real Estate Development, but Intrawest is the managing partner.
“It’s going to be quite challenging,” Wolfe said. “I’m really looking forward to it.”
Roger McCarthy, chief operating officer of Breckenridge Ski Resort, said he is pleased with the decision to bring Wolfe aboard.
“We are pleased to have Jack join us, given that his track record in the development arena and his service in the community has been unsurpassed,” McCarthy said. “The highly successful Main Street Station project, coupled with his chairmanship of the Breckenridge Outdoor Education Center, clearly demonstrate both his leadership abilities and commitment to the community.”
Wolfe moved to Summit County in 1995 and helped develop One Breckenridge Place at the corner of Village Road and South Park Avenue, the Reserve in Frisco, Main Street Junction at Boreas Pass Road and Main Street and Main Street Station in Breckenridge.
Prior to that, Wolfe was senior project manager for large resorts with the Walt Disney Co. in Orlando, Fla., and in Paris for nine years. While at Disney, Wolfe was responsible for acquisitions and commercial development, including Disney’s Boardwalk Hotel in Orlando and the Disneyland Hotel in Paris.
Wolfe, his wife, Wendy, and their 3-year-old son, Alex, live in Breckenridge.
“I think it’s good for the ski area, and hopefully it’s good for the town,” Breckenridge Mayor Sam Mamula said. “I think the ski area picked someone who understands the community. The town, on the other hand, has the opportunity to deal with somebody it’s dealt with in the past. I think they’ve been trying to get him for a long time. He and his family are really committed to Breckenridge, and I think this was a way he could stay here. I’m sure Jack will put his best foot forward, as he always does.”
Bob Knous, an East West partner based in Denver, will take on Wolfe’s duties until the company finds a replacement.
Vail Resorts is a leading mountain resort operator in the United States. Its subsidiaries operate Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Heavenly resort in California and Nevada; and the Grand Teton Lodge Co. in Wyoming. The company also holds a majority interest in RockResorts, a luxury resort hotel company with 10 properties across the United States.
Vail Resorts is a publicly held company traded on the New York Stock Exchange under the symbol MTN.
Jane Stebbins can be reached at (970) 668-3998 ext. 228 or firstname.lastname@example.org.
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