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JMJ Plans 146,000-SF Condo Development at Beaver Creek

AVON, CO-A Dallas-based company is kicking off a condo unit in Beaver Creek, where units will cost as much as $2.6 million. JMJ Development, through its Colorado subsidiary, clears all presale hurdles and closes on financing for the project.

By John Rebchook | Updated on January 17, 2006

(To read more on the multifamily market, click here.)

AVON, CO-The ritzy Beaver Creek ski resort, about 12 miles west of Vail, is getting a new condo project. Dallas-based JMJ Development, through its Colorado subsidiary, CSC Land, LLC, has cleared all presale hurdles and has closed on construction financing with US Bank for its 146,800-sf development called the Gates on Beaver Creek. Beaver Creek is in Avon.

“The continued growth of this development represents a milestone in the history of this project and this place,” says Tim Barton, chief executive officer of JMJ, a development and investment firm of residential and resort properties in the US and Mexico. “We’ve watched the market continue to expand in Beaver Creek, and we are delighted to be at the forefront in the expansion of Avon as a bedroom community for the ski resort.” Construction is underway, he notes.

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