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Vail Resorts Readying for Breckenridge Condo Start

BRECKENRIDGE, CO-Vail Resorts is getting ready to break ground on its first project in Breckenridge. The $87-million undertaking ultimately will add 188 units to the market. Meanwhile, Vail officials are courting the town to build a nearby gondola.

By John Rebchook | Updated on March 26, 2001

BRECKENRIDGE, CO-In April, Vail Resorts, owner of the Breckenridge ski resort, will start construction of its first project there.

The Mountain Thunder Lodge will have a completed value of $87 million, says Roger Beck, senior vice president of Vail Resorts. The first phase in the five-building complex will have 80 units, with 188 planned at full build-out. Units will be priced from $450 per sf to $600 per sf, which is near the top of the market in Breckenridge as well as other Summit County resorts, including Copper Mountain and Keystone, Beck says. But it is less than many projects in places such as Vail and Beaver Creek, he adds.

A studio unit will have 516 sf; one-bedroom units will range from 612 sf to 768 sf; two bedrooms, 908 sf to 1,203 sf; and three bedrooms 1,351 sf to 1,543 sf. Amenities will include a swimming pool, hot tubs, workout facility and children’s play area. “We also will have a quite large and fully equipped conference facility,” Beck tells GlobeSt.com. The conference facility will have 5,840 sf.

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