The 43-unit third phase of The Village is the second half of Grand Sierra Lodge, which Intrawest describes as "a combination of full-ownership vacation real estate with the features and amenities of a luxury resort." Prices for the turnkey one-, two- and three-bedroom condominiums in Phase III of The Village are expected to range from $370,000 to $1 million. Owners will have the opportunity to place their property into an established rental arrangement.

The first half of Grand Sierra Lodge, which included 66 condominium units, is 95% pre sold at an average sale price of more than $633 per sf. The first phase of The Village--the 77-unit Lincoln House and the 89-unit White Mountain Lodge--are complete and also 95% sold.

Lincoln House and White Mountain Lodge are the mixed-use core of the project. The street level of the two buildings contain most of the project's 60,000-sf of commercial space in 32 storefronts, of which 28 have been leased. Grand Sierra Lodge is designed as The Village's hotel. The units will be sold to individual owners, but it will be run as a hotel, with most of the owners opting to rent their units through Intrawest's rental program. The Village is connected to Mammoth Mountain Ski Area via a new 15-passenger express gondola.