Pair of Luxury Resort Condo Projects Planned for Denver Ski Community

Fairmont Hotels & Resorts will soon debut two new upscale resort condominium properties just outside of Breckenridge, Colo., about 80 miles from Denver. Mesa Homes Development Co. is behind the development of the projects, Fairmont Residences Shock Hill and Fairmont Residences on the River, which carry a total price tag of approximately $270 million. Shock Hill will sit within close proximity to Mt. Baldy and the White River National Forest, and will feature 87 condominium and penthouse residences, as well as a luxury spa. About two miles away is the site of On the River, which will encompass 60 condominiums and 60 paired residences along the Blue River. Both projects, located in the booming Summit County market, will incorporate green design elements. Local firm Allen-Guerra Design-Build Inc. and Denver-based Craine Frahm Architects Inc. are on board as the projects’ architects. While the condominium market in major metropolitan cities across the country has taken a big hit in the wake of the credit crunch, the condo scene in Breckenridge is thriving. Broomfield, Colo.-based Vail Resorts Inc. is in the midst of building the RockResorts-branded One Ski Hill Place, which is on target to reach completion in winter 2009-2010. The upscale development will offer 88 units, 49 of which are already under contract. Vail Resorts is also developing Crystal Peak Lodge in Breckenridge for delivery late this year with 46 units that are all under contract. Mesa Homes, an upscale residential real estate developer and finance firm, plans to open the doors of both residential properties in 2010. Headquartered in Toronto, Fairmont is North America’s largest luxury hotel management company.