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Mixed Use Development in Prominent Ski Area
19 acre mixed use JV development opportunity located in the heart of a well-known United States ski area featuring luxury residential, hospitality, and commercial located across from the base of the resort with ski-in/ski-out access. This will be the last luxury mixed use development projects within this world-class resort. Year round vibrancy and revenues generated through convenience of location and a strong anchor tenant base with $1.67m NOI. The property is fully entitled for expansion from the existing 40,000+ sf commercial center, into over 100,000 sf of luxury residential units and over 60,000 sf commercial, plus additional amenities, parking, and housing. Sponsor plans to amend the approvals to include ~100 room hotel and luxury residences, 85,000+ sf of commercial, a new funicular lift, public park, parking, and additional housing. Experienced sponsor requests JV/Co-GP equity of $20 million. NOI of $1.67 m from existing businesses and will cover debt, costs, and entitlement efforts in a covered land play during the entitlement process.
Western United States
$20M JV Opportunity
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