Vail Continues to Dominate the Ski Market Luxury Industry

In the past years, the redevelopment that has happened in Vail has created a new standard for luxury. Almost 10 years ago, Vail announced it’s renaissance, it’s “New Dawn” with its “Billion Dollar Renewal, bringing a new “vibe” to Vail Village and Lionshead.

The project encompassed a number of high-profile projects including the 250M Arrabelle at Vail Square, Gore Creek Place, luxury vacation rentals in Lionshead Village, a $45M conference center and $10M was put into revitalizing the village’s pedestrian mall including new lighting, cobblestone streets, fixtures, a water feature and improving the streetscape in both Lionshead and Vail Village.

Lionshead's Billion Dollar Renewal

Vail didn’t stop there and hasn’t stopped since. New developments and improvements included Sonnenalp Resort’s 40 room expansion, adjacent to the Sonnenalp, One Willow Bridge, a private luxury residence club, situated at the base of Vail Mountain, the Ritz Carlton Club & Residences, Vail’s new 5 star luxury resort, the Four Seasons, and Vail Plaza Hotel & Club. This era of new construction, redevelopment and modern vision all contributed to Vail dominating the Luxury Ski Market Industry today.

“Over the last four decades, this rough-and-tumble ski town has evolved into one of Colorado’s most polished resorts.” – Travel & Leisure

Solaris Vail

Committed to Vail and leading the charge in new development, Peter Knobel has brought a more contemporary atmosphere to Vail in present day. Solaris, his $250 million redevelopment project changed the face of Vail Village. Completed in 2010, the new building contains 75 luxury condos, 60,000 sq ft of retail, The Shops at Solaris Plaza, the famed Matsuhisa restaurant, a movie theater, a modern bowling alley, ice-skating rink and underground parking.

“Matching luxury retail with luxury lodging, years and years of new construction have helped push our real estate values up.” – Ron Byrne

Construction began on the newest development in Lionshead last year. “The Lion” will support what the Arrabelle started years ago. “The Lion” — is part of the pattern established in the previous decade: Replace something old with something new and spectacular. In this case, what’s being replaced is an old, small condo building and the even older VailGlo Lodge, which dates back to the 1970s.

“We continue to watch commercial real estate and residential real estate grow in a time where other markets have halted. The luxury brand that Vail created will continue to surpass the ski industries expectations.” – Ron Byrne

Premier addresses like Forest Road, Beaver Dam Road and Rockledge remain in high demand. We invite you to visit some our exclusive listings below.

254 BEAVER DAM ROAD, VAIL VILLAGE
254 Beaver Dam Road  Vail Village

307 ROCKLEDGE ROAD, VAIL VILLAGE
307 Rockledge Road Vail Village

Vail Resorts continues its commitment of multi-million dollar improvements to keep their resorts consistently at the head of the pack, including $110 million for the 2015-16 ski season. Investing over $500 million in the past 5 years, the goal of enhancing guest experience is easily achieved at the Company’s 10 U.S. mountain resorts.

“Local improvements include upgrading Vail Mountain’s Avanti Express Lift (#2) to a six-passenger high-speed chairlift. Upgrading the lift will reduce wait times and improve reliability. A loading conveyor and gates will improve efficiency and increase capacity by up to 30%, vastly improving skier and snowboarder experience and unveiling EpicMix Time, a new crowd-sourced, real-time technology which will bring transparency to lift line wait times.” – Vail Resorts

Avanti Express Lift (#2) to be replaced with Six Passenger Lift

Conversations continue as to what will be Vail’s Next Game Changer? “Vail has transformed itself and successfully shaken off most of the effects of a calamitous economic slump. Now what?”

We invite you to check back on our blog and follow us on Facebook and Twitter for the latest real estate news in the Vail and Beaver Creek luxury markets. Until next time.