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.''
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