Vail Lionshead Projected Redevelopment

Looking into the crystal
ball of Lionshead Redevelopment, here is what is
proposed——–

The Ritz-Carlton
Residences-Vail will be built next to the Vail Marriott. It will have 71
condos, and construction will start this spring, - Only 14 whole ownerships
left, Fractionals will come on the market at a later
date.

The owners of the Concert
Hall Plaza building are proposing to build “a unique and stylish four-star
boutique hotel with a condominium component” along with stores, said Kim Hughes,
an owner, in a letter to the town. The developer said he want to keep Moe’s
Barbecue, D.J.’s, Ski Valet and Charlie’s T-Shirts in the new
building. 

The Landmark condo building, which includes
Billy’s Island Grill, is planning to remodel its exterior and add a new elevator
tower, according to documents submitted to the town. It’s also planning to add
some new condos and a new lobby.

 T.J. Brink, the developer of the Evergreen Lodge, is planning to tear
down the lodge and build 128 hotel rooms and 75 condos. “We’re waiting to see
what the town of Vail does on
employee housing before we move forward,” he said.

 The Vail Valley
Medical Center plans to double in size over the next decade. The first phase
is a new 50,000-square-foot building that would be on the west end of the
campus, beside Dobson Arena, where there’s a parking lot now. That could start
within the next two years.

Representatives from Lionshead Center — which includes the
Double Diamond Ski Shop and Garfinkel’s — have said they want to tear down the
building and build something new.

Lionsquare North is
planning a renovation that will add nine condos, retail space and other
improvements. But nearby residents have sued over the project, and now it’s in
court.

Rodrigo Cortina, whose family owns the Lionshead Inn, which includes the old
“Fabulous Vailglo Lodge” property, said they are planning a
condo-timeshare-retail project. “We can’t really define what we are doing until
we find out what the town of Vail is going to
enforce on employee housing,” Cortina said.

The fate of the Vail
Resorts’ North Day Lot, next to the Landmark building, is still up the air.
Vail Resorts is considering putting employee housing there, with a bus
station.

The Lionshead Transportation Center Teardown and
new St. Regis Hotel and W Hotel will be determined on March
20.

My bet is when this Lionshead Redevelopment is all completed, and
a new entry portal to Vail mountain is created, price per square foot will never
be what it is today on Condos and Townhomes. There are some great
ski-in/ski-out properties available with parking. 

 How many people have said, “I wish I would have purchased
something before prices went up.” Quite a few I
know!

For information on Lionshead property, contact Teri
Lester, EcoBroker 970-766-2618 or tlester@gatewayland.com

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.