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.
