An Update From Mike – January 2019
This morning I find myself at Arapahoe Basin, which is where I was when I wrote my first blog about 7 months ago. It’s been about a year since we first noticed Amy Nakos’ listing from Vail Resorts for 40 condos in the heart of Keystone. I have been inspired by what I just saw on my first lift ride up: a snowboarder who had skinned up the mountain (it’s a lot of work, but there are many locals out here doing it every morning). She was now riding down and being chased by her dog. I have never seen a dog running so fast (going downhill helps) and looking so happy. It reminded me of our work on The New Seasons at Keystone; we are going as fast as we can, but loving every minute of it. We have made tremendous progress in the last 7 months. We have building permits for 2 buildings with 16 units, and are working our way through planning and development on the remaining 24 units. The River Building has 2 floors framed up and the Trail Building has its foundation 50% complete. We will be presenting our revised Ridge Complex to the Keystone Neighbourhood Company’s Design Review Board for conceptual approval on January 14 and then submitting it to the Summit County Planning Department and the Snake River Planning Commission. We plan to start construction on the Ridge Complex in May of this year.
The response to The New Seasons at Keystone has been great. Sales are strong, the Real Estate community loves having the first new construction condos in Keystone in 15 years, and the existing Seasons at Keystone residents and HOA has welcomed us into their community. Although there are many new projects coming in Summit County, ours is the only one inside Keystone Resort. We chose Keystone after looking at projects all over the country for many reasons, but one of the primary factors was Vail Resorts consistent capital investment in Keystone over the last 10 years. Significant improvements include construction of the River Run Gondola and Bridge, expansion of the Montezuma Lift, expansion of LaBonte’s Cabin restaurant, and installation of heated pavers in River Run Village.
In my opinion, the greatest improvement was announced by Vail Resorts for the 2019/2020 season on December 7, 2018:
“Keystone Resort is planning to upgrade snowmaking on its opening terrain to a state-of-the-art, automated, energy-efficient system that will assist in allowing the resort to operate more productively in narrow early season snowmaking windows. This will help to position Keystone to be the first resort to open in Colorado and the U.S. each season with the most skiable terrain, bringing forward the resort’s opening day by up to three weeks each year.”
Over recent years, we have come to believe that Keystone is the best place to set down roots and invest. It’s closer to Denver, near 6 other resorts, home to 2 fabulous golf courses, connected to the Snake River and countless biking and hiking trails, and most importantly, it is financially more accessible than comparable resorts. Keystone is also being enhanced by cultural, social, and entertainment improvements in the nearby towns of Frisco, Dillon, and Silverthorne. For anyone who is looking to experience the mountain lifestyle, or who is already experiencing the mountain lifestyle and looking to upgrade, we encourage you to check out The New Seasons at Keystone – The Perfect Place for Every Season.