Gateway Land & Development

Monthly Archives: February 2007

East West Partners just announced they are dropping out of the running to redevelop the entryway to Lionshead, i.e., the Lionshead Parking?Structure.? Open Hospitality Partners-Hillwood Capital Group is now the lone developer in the hunt to re-do this?highly valuable?location in Lionshead.

The Vail Town Council will likely decide the fate of this 6+ acre parcel within the next month or so.? They may?proceed with the?redevelopment process (select Open Hospitality Partners), or do nothing at this time.? East West Partners?stated too many unknowns and costly public benefits were too much to overcome, and thus, they pulled out.

Pretty soon the speculation will be over and we’ll know the true future of the Lionshead parking structure.? Stay tuned!

For (some?of the) answers to your questions about the Vail Valley, please contact Doug Schwartz at dougs@gatewayland.com or at 970-926-6777

Yes, it’s that time of year again. . .Mardi Gras, Vail Valley style.??Get together with your friends and blow off a little steam,?and snow,?depending on the weather.?

Official activities get under way with the Masquerade Apres Party on Sunday at 3pm at Garfinkel’s w/ DJ Peter Blick and later that night at Samana Lounge w/ John Lee Hooker Jr.

Monday hosts the “World’s Highest Low Country Crawfish Boil” at Eagle’s Nest (at the top of Vail’s gondola) w/ Little Hercules and Tony G., noon to 2:30pm.? Tony G. All Stars will also perform at 9pm at Samana Lounge

And of course on Tuesday, the Fat Tuesday Parade (with the crowning of Vail’s Mardi Gras King and Queen) starts at 5:30pm at the International Bridge, snaking its way to Seibert Circle at the top of Bridge Street.? The Anders Osbourne Band and The Motet will play at the Fat Tuesday Party at 8150 Tuesday night.? Special guest Henry Butler will open up starting at 9pm.

Check out the fun on the streets and slopes of Vail!?

To learn more about the happenings in the Vail Valley, contact Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com

The Vail Valley is an amazing place to live.? Just ask anyone that has chosen to call this beautiful place home, forsaking their hometowns for powder days.? But the ironic trend here in the valley is that locals are moving west, forsaking ski days for a garage, a backyard, and a bit more square footage.

The red hot real estate market here in Vail is driven by both the second homeowners and the local population.? Eagle and Gypsum had the largest market share of sales in 2006, as long-term locals and new arrivals flock to the neighborhoods of Eagle Ranch, the Bluffs,?Chatfield Corners, and Sky Legend to name a few.

East Vail and Eagle-Vail remain as?two of the true upvalley neighborhoods, comprised of mountain loving locals who prefer the views and close proximity to skiing to a little more space around the house.

To learn more about the Vail Valley real estate market, please contact Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com?

To view all of the active listings, please visit www.vailpropertysearch.com

The Vail Mountain Club, Vail’s newest and most luxurious on-mountain club, has just released 3 new incentives for the Founding Members.? The Founding Memebers Program is offering the following perks to both Full and Social Members:

#1: 2 Lifetime Season Passes (this hasn’t been offered for decades by Vail Resorts)

#2: On-Mountain Dining; Vail Resorts has committed to building an on-mountain dining facility, most likely located at the top of Vail Mountain.? This should be completed for the 2010-2011 ski season, and VRDC expects the property to cost approximately $12M.

#3:? There is no longer a fee to attach your membership to your Eagle County property.

To learn more about this fantastic club loacted right next to?the Vista Bahn in Vail Village, please contact Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com

Click on the attached links for more specifics on the Vail Mountain Club.

I know Vail hasn’t been quaint in many, many years; some would say not since a highway was built through this small valley.? But for many folks, it still has the appeal of a small mountain town: albeit one that is flush with high-end boutiques, world class restaurants, world renowned performers etc., and some?of the best skiing anywhere.

Proposed Rendering of Lionshead Parking Structure Site

The 2 proposals in front of the Vail Town Council are very similar, and both would require continued construction in a small area that has seen years of recent construction.? Some locals and business owners say enough is enough: let’s jsut wait awhile.

Now I know that there is no turning back the clock, but upon seeing the rendering above, I guess it finally hit home that Vail will now be Big and New: all the way from Ford Park (who knows what will become of it down the road) to West Lionshead?to West Vail (its redevelopment is only a matter of time).

Quaint no more.? Big is Here to stay!

To learn more about the Vail real estate market or about Vail’s new developments, please contact Doug Schwartz of Gateway Land and Development at (970)926-6777 or at dougs@gatewayland.com

After much delay, the pricing for the Ritz-Carlton Residences, Vail has been released.? And after much speculation, these prices appear to be somewhat reasonable.? (That is, if reason can apply to the high-end real estate market here in the Vail Valley.)

Prices range from $1.838M (for a first floor 2 bedroom) to $9.995M (for a penthouse 6 bedroom) with the bulk of?the units in the mid $2 million to mid $4 million range.? Location within the building, and desirability of floorplans seem to be the main reason for the range in relative pricing:? prices per square foot range from below $1300/sf to aproxiamtely $2400/sf.? The prices mentioned above include a developer pricing discount of 3%.

To learn more about this project located in West Lionshead, please contact Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com.

Please visit the links below as well to see floorplans and learn about the new high end pricing we are seeing in the Vail Valley.

The right of first refusal period is over, and 14 brand new penthouses are currently available to the public!? Floorplans and pricing have been released.? Prices range from $3.4M to $11.8M with relative prices in the range of $2100/square foot to $2900/square foot.? The developer expects demand to be high, even at these high prices.? Contracts are being accepted immediately, with a cut off date of 2/16/07.

This project has an amazing location at the base of Vail Mountain’s Golden Peak, right on Gore Creek, with views to the Gore Range, and walking distance to Vail Village and Ford Park.

To learn more about this project or to see the floorplans, please contact Doug Schwartz at (970) 926-6777 or at dougs@gatewayland.com

The Vail Valley is drier than it has been other winters.? The recent snowfall last week helped out greatly, but the Upper Colorado Basin is approximately 67% of average.? I skied with friends over the weekend, and the snowcats did a great job preserving the foot or so of snow that we got last week.? But the high winds did pull quite a bit of that snow off the mountain.

Forercasters are calling for a wetter than average spring, and we sure hope this comes to pass.? We have had?about 168″ at Vail year to date, with 18″ of that within the past week.? The mid-mountain base at Vail is 3 feet with Beaver Creek reporting a 42″ mid-mountain base.? Vail’s closing date is now one week later, closing on 4/22/07, with Beaver Creek closing on 4/15/07.? Let’s hope we get some snow!?

To learn more about the Vail Valley, please contact:

?Doug Schwartz of Gateway Land and Development at (970)926-6777 or at?dougs@gatewayland.com

There has been a lot of talk recently about the high-end market here in the Vail Valley.? And a?perfect example of this can be found about 10 miles west of Vail, in the exclusive neighborhood of Bachelor Gulch.?(Located right next door to Beaver Creek.)?This beautiful home just sold for $14.2 million, or approximately $1420/sf.? That’s a lot of dough!

602 Bachelor Ridge

There have been 9 sales over $5 million, (including 3 over $10 million)??out of the 41 sales in the past 6 months.? The most expensive on a per foot basis is a Ritz-Carlton Townhome at $1633/sf, while the home pictured above had?the highest purchase price.? (This fantastic home was listed by Gateway Land and Develpoment’s owner, Suzi Apple.)

There are currently 44 active listings in Bachelor Gulch, with 11 others currently under contract.? The bulk of the 41 sales from the past six months were priced in the $800-$1000/sf range.

To learn more about the real estate market here in the Vail Valley, or about?Bachelor Gulch specifically, please contact:

Doug Schwartz at dougs@gatewayland.com or at (970)926-6777 or visit www.vailpropertysearch.com