X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SNOWMASS VILLAGE, CO-Snowmass draws 740,241 skiers and snowboarders to its mountain each season, yet it doesn’t have the lodging and cachet of its glitzy neighbor, Aspen. That could change with a new plan on the drawing board.

The Aspen Skiing Co., which owns Snowmass, is teaming up with Canada-based Intrawest Corp. to create a village that would include as many as 700 condo units, retail shops, apre-ski bars and restaurants. The proposal also calls for construction of an open-air gondola to shuttle guests between the village and a nearby mall.

A “pre-sketch” view has been presented to the Snowmass Village Town Council and the local planning commission. In January, Intrawest and Aspen Skiing will present a formal application after gauging the impression of town leaders and the public.

The project would be similar in size to the 12-acre, $500-million village at Copper Mountain, which was developed by Intrawest. One attraction of the new development is that it would supply the resort with 3,000 “warm beds,” an industry label because they are rented frequently. Currently, Snowmass has a number of large single-family homes and condos, which primarily are owned by wealthy out-of-staters and sit empty for most of the year.

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.