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Jackpine and Blackbear Lodge Capital Improvement Project

Posted in: River Run, Keystone HOA Sites, Keystone Info and News, Keystone
By Cornerstone
Jan 23, 2010 - 5:22:23 PM

Jackpine and Blackbear Lodge are located steps from the River Run Gondola in River Run Village at Keystone Resort.  Jackpine and Blackbear Lodge were the first buildings built offering real estate River Run, the condos in these buildings are as close as you get to Ski-in Ski-out real estate in River Run Village.  The location of these buildings is great, closest to the Gondola, and the condo units available in these buildings are the largest and most unique condos in River Run.  The only negative for these buildings has been their lack of attractive amenities.  In 2006 the association decided to embark on a Capital Improvement plan to address the quantity and quality of the amenities available at Jackpine and Blackbear Lodge. 

After much diligent planning and preparation on the part of the Home Owner's Association (HOA) the homeowners have embarked on the following plan:
* November 2009:  The walking path behind Jackpine has been relocated to provide more room for the hot tub/spa area and to direct walking traffic away from the deck area.  They have built a fire pit, installed a permanent gas grill, added a stone finish and water feature to the spa, and added a privacy fence to this new outside recreation area. 
* Winter 2009/2010: The Jackpine Lobby does done allow for a major rebuild, but it will be refurbished with new paint, furniture, a larger TV, decorations and possibly a fireplace.
* Winter 2009/2010:  The current employee break room in the basement of Jackpine will be relocated to the basement of Blackbear Lodge and the space opened in Jackpine will be converted to an amenity to include a workout room with a steam room. 
* April 2010:  The Blackbear Lobby will undergo a major rebuild.  The current property management office, storage room and bathroom will be eliminated and the square footage will be added to the remodeled lobby.  The remodeled lobby will provide additional room for the relaxation of owners and guests. 
* April 2010:  The Blackbear Lodge spa area will be rebuilt similar to the rebuild on the Jackpine spa amenity.  It will also offer a fire pit, permanent gas grill, stone finish and water feature will be added to the spa and a new privacy fence will be installed. 

The combined HOA of Jackpine and Blackbear Lodge has voted to operate on an accrual basis in order to avoid special assessments for the current capital improvement project as well as for future required maintenance.  Currently each condo unit in these buildings pays monthly HOA dues of .93 per square foot. The current .93 per sq/ft total assessment is comprised of several parts:
.49 residential operations and maintenance
.10 common operations and maintenance
.07 residential reserve
.12 common reserve
.15 capital improvement fund. 
In addition to paying for this current capital improvement project the HOA has had a comprehensive reserve study completed and they will be fully funded through the collection of reserve dues for upcoming maintenance projects including the replacement of the roof at the necessary time and any and all other future maintenance projects.  This is great news for owners and potential buyers.  You can own a Jackpine or Blackbear lodge property with confidence knowing that you will not have an unexpected special assessment in the foreseeable future. 

 

   



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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