Wildhorse Meadows and Trailhead Lodge
Wildhorse Meadows just released 16 suites at Trailhead Lodge. The following is an exerpt from BusinessWire:
Trailhead Lodge Announced A Cornerstone of Wildhorse Meadows
Trailhead Lodge is an inviting 86-suite lodge and a key component of Wildhorse Meadows, Steamboat Spring‘s first master planned residential resort community with its own gondola. Trailhead’slocation is just steps from the Wildhorse Gondola and many distinctive amenities such as the Wildhorse Athletic Club, Ranch House and the Steamboat Country Store that will create an intimate, low density resort community.
Like the other suites sold in the Lodge, the 16 fully furnished and professionally managed residential suites will blend the best of old and new design by combining Steamboat Springs Western ranch style with refined mountain architecture and modern interior appointments. Prices of the one- to three-bedroom + den suites will range from $865,000 to more than $2 million.
Steamboat Springs on the Rise
The announcement of the final public offering comes on the heels of a year of success for both Wildhorse Meadows and Steamboat Springs, with the region setting a new one-year record real estate record of $1.39 billion in transaction volume. The success of Wildhorse Meadows reflects Steamboat Spring‘s increasing popularity as a resort destination, which in 2007 the Wall Street Journal named one of the top 12 tempting locations for vacation-home buys.
Additional 2007 Milestones
Intrawest‘s acquisition of the ski area brought $16 million of on-mountain improvements, including the new Christie Peak Express. Other significant 2007 milestones at Wildhorse Meadows included:
- The Range custom home sites, the initial release in Wildhorse Meadows, sold out in March 2007, generating $22 million in sales and marking the first major contribution to the redevelopment of Steamboat’s Base Area.
- Roads in place, utilities installed and foundations being poured at Wildhorse Meadows.
- Resort Ventures West, the developer of Wildhorse Meadows, announced that construction will begin on the Wildhorse Gondola in summer 2008. The gondola, open to the public, will enable new, fast access to the slopes beginning in winter during the 2009-10.
- Trailhead Lodge was released to the public this summer with more than $56 million in properties sold in one day. Trailhead Lodge‘s success was achieved prior to the winter ski season.
- Drahota Construction, a Climate Wise partner with more than 34 years of regional building experience, was named general contractor. Drahota has more than three decades of Front Range and in the Rocky Mountain construction experience, and places a high priority on “green construction.“
- The excavation permit for Trailhead Lodge at Wildhorse Meadows was obtained in August, with completion of the Lodge expected in summer 2009.