The Gates on Beaver Creek
Thus far, ski resorts seem to be immune from the condo crunch that is hitting other areas. The Gates on Beaver Creek, a $72 million luxury development at the entrance to the Beaver Creek Resort in Colorado has received approval to resume construction. The Town had required a $37 million completion bond before construction resumed. The project which includes 49 condominiums that start at $975,000. The two- to four-bedroom units include 16 two-story penthouse suites and have amenities that include a library, meeting room, outdoor gathering deck, concierge, ski valet and heated pool. The project is still two years from completion but they have already sold 30% of the units.