X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-And then there were two. The city of Denver chose East West Partners and Intrawest Resort Development Group for a short list to redevelop the city-owned Winter Park Ski resort in a joint venture with the city.

Privately held East West Partners — which gets financing from Fort Worth, TX-based Crescent Real Estate — also is developing the $1-billion-plus, luxury Riverfront condominium project in the Central Platte Valley in Denver. It also developed more than $1 billion in real estate projects during the past five years in a number of mountain communities.

Intrawest, based in Canada, owns 10 mountain resorts in North America, including Copper Mountain in Colorado. It also is developing Colorado resort villages in Snowmass and Keystone.

East West and Intrawest beat out Utah’s Powder Corp.; Grand Elk Partners headed by Jerry Jones, which is developing a $400-million golf community in Granby, CO; Houston-based Hines, which developed the new Zephyr lodge at the base of Winter Park, is developing a new village at Aspen Highlands, a 550-unit home community in Carbondale, CO and plans a 42-story office tower in Downtown Denver; and Tim and Diane Mueller, owners of Vermont’s Okemo Mountain Resort.

East West Partners and Intrawest now have until Nov. 9 to give a more comprehensive plan to the city, which expects to make a decision in December.

Jones says he is disappointed he did not make the short list, but says either East West or Intrawest will make a great operator of Winter Park.

”I officed with East West Partners for four years and I’ve been a partner with Harry Frampton in the past,” Jones says. ”He’s an absolutely upstanding, honest guy who has a great track record and a lot of successes. And I thinj that Intrawest is probably the best at what they do in the industry. They build what the consumer wants and they have done it exceptionally well.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.