East West Partners is a family of companies that has developed over $1 billion of residential and commercial real estate in places such as Vail Valley, Summit County and Denver in Colorado and Charleston, South Carolina. East West owns about 10 percent of the land in Truckee.
East West plans to develop a new Northstar Village, which could break ground next spring. The proposal includes plans for shops, restaurants, an ice rink, spa, and condominiums. The 212 residential units alone will cost approximately $170 million.
Nearby, on a belt of land that stretches on about 900 acres between Interstate 80 and Highway 267, East West has proposed a $250 million golf community, including a golf course, practice range, clubhouse and a golf academy, in addition to 300 residential units.
Most of East West's projects still require several levels of governmental approval. A 390-bed employee housing complex at Northstar has already been approved but is on hold due to a lawsuit filed by Northstar residents, who say it will create over development at the resort.
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