Strata is a new condominium-timeshare development in Vail

It seems in Vail, what was up, must now either be remodeled or come down to keep up with the new Vail.  The Lionshead Inn and the Lionshead Inn Annex are the new location for Strata in Lionshead. 

The Strata plans have been approved by the Town of Vail, and the developer will add 12,405 square feet of affordable housing to Vail.  According to the new developer guidelines, developers must add 350 square feet per employee.  With Strata, this equates to housing for about 35 employees.  One of the units will be in the new structure, and the developer will buy condos throughout Vail to satisfy the employee-housing requirements. 

The Town of Vail expects to see the new rules generate more housing over the next several years as big projects move forward.  Ever Vail, the $1 Billion Dollar Vail Resorts project planned for West Lionshead, will be subject to the new rules.  So far, studios, 1,2, and 3 bedroom units are planned, totalling 123 beds for Ever Vail. 

Vail’s rules included a 10 per cent inclusion-zoning requirement and a 20 per cent commercial-linkage requirement.

Meeting these strict employee-housing rules is challenging for developers.  Strata was able to deal with the challenges necessary to be able to comply with the rules.  With the cost of materials up so high, energy costs, and stricter building requirements, some developers may just keep going down I-70 to Rifle or Silt, Colorado, which apparently is booming.

For more information on Strata condominiums and other property in Vail, contact Teri Lester, Eco-Broker 970-376-0779 or tlester@gatewayland.com

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