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Keystone Real Estate - One River Run

Posted in: New Developments, Keystone Info and News, River Run, Keystone, Real Estate Development
By Cornerstone
Aug 22, 2009 - 2:04:06 PM

The next addition to Keystone Real Estate will be One River Run, a Vail Resorts project located right at the base of the new River Run Gondola at Keystone Resort.

Originally a joint project with Marriott, One River Run is currently slated to be a RockResorts condotel.  It will become the premier condo building in River Run real estate, adjacent to the River Run Gondola and a part of the planned skier plaza surrounding the gondola.  Overall we expect the impact of this project on Keystone real estate to be positive.  They do not plan to flood the Keystone and River Run market with too much inventory at once.  Also based on our experience with Vail Resorts' other ski-in-ski-out real estate projects in Breckenridge, we expect the price points to be very high which should bring up the values of the condos around them.

The developers have tried to minimize the impact of the surrounding buildings, in particular the Springs at River Run and Red Hawk Lodge.  The towers were redesigned to try to preserve some of the view corridors. 

Contact Us and we can provide a site plan and full list of the planned inventory in One River Run, as well as answer any questions.

These new Keystone condos will be luxurious with high-level finishes and larger square footage than most River Run condo buildings in the past.  There will be a total of 183 units, built in three phases over time.  The entire ground floor will be the lobby, parking and retail services to include a restaurant, spa, rental and gear shop and a ski valet.  The condos will be located within three towers which will be built one at a time.  There will be a pool, hot tubs and a fitness center, and there will be mandatory valet parking.

The One River Run project has already passed through the Summit County planning process and is basically ready to go once Vail Resorts decides the time is right.  Typically with a new development like this they will release it for pre-construction sales over the holidays, with the intention of selling enough units over the ski season to begin construction in the following spring.  They had intended to begin this process over the holiday season of 2008, but obviously the economy did not cooperate.  Although the Summit County real estate market is picking up quite a bit over the summer of 2009, it is probably not back up to the levels necessary for Vail to release the project for sales this year.  More to come...

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Cornerstone Real Estate Company

23110 Hwy 6 #107
Keystone, CO 80435

111 A Lincoln Avenue
Breckenridge, CO 80424

970-513-8200 Office
866-441-0112   Toll Free

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