The Summit Scoop

Preliminary Approval for Blue River Crossing Development

2008-03-04T09:48:00.000-08:00

A proposed 3 story development in the riverfront district of Silverthorne received preliminary approval yesterday. The property is located on Rainbow Drive between the town pavilion and the recreation center. The project has plans for 28 residential units, 10,000 square feet of enclosed parking, 3,792 square feet of commercial square footage. The town and the developer will continue to work towards approval of a final plan.

8th Largest Snowfall on Record

2008-03-04T09:40:00.000-08:00

The snow keeps falling here in the mountains. Snowpack is 30% above average and to date it is the 8th snowiest winter on record. GIven the proliferation of snow, avalanche danger is moderate with pockets of considerable according to the latest Colorado Avalanche Information Center Bulletin. For the latest avalanche conditions call 970.668.0600 or check the CAIC website at http://avalanche.state.co.us.

Romp to Stomp

2008-02-23T09:11:00.000-08:00

The 6th Annual Tubbs Romp to Stomp Out Breast Cancer snowshoe series takes place at the Frisco Nordic Center on March 8th, 2008. Registration is at 7:30am and the 3k or 5k snowshoe benefit walk starts at 9am. Register online at www.tubbsromptostomp.com

Potential Land Swap near Keystone Gondola and in Breckenridge

2008-01-19T10:32:00.000-08:00

Gary Miller is hoping to trade the Chihuahua town site along Peru Creek for several federal parcels. This includes the Dercum Dash property just east of the River Run Gondola. This parcel has preliminary zoning approval for 24 single-family homes, subject to completion of the land exchange.

The other National Forest lands that would go to private ownership are the Claimjumper and Wedge parcels near the town of Breckenridge.

Breckenridge wants to increase the number of affordable housing units with the Claimjumper parcel. The upper part would be managed as open space.

The Wedge parcel is a key piece of open space near Cucumber Gulch that will help preserve habitat connectivity from the wetlands in the gulch to nearby upland forest areas.

For more info please see:

http://www.summitdaily.com/article/20080116/NEWS/590891156

For details on Breckenridge and Summit County Real Estate send me an email to toddrankinrealestate@gmail.com

Breckenridge's Peak 6 expansion is on the table

2007-12-29T08:00:00.000-08:00

A proposal to expand skiing to Peak 6 is formally on the table. The proposal would add 1 lift and over 450 acres. Public comments are being taken by the US Forest Service through Jan 21st, 2008.

Record Real Estate Sales in the Mountains

2007-12-26T18:34:00.000-08:00

According to a report from Land Title Guarantee Company, five Colorado resort counties will set a record of a total of $8.56 billion in real estate sales this year showing that real estate is indeed local. The 5 counties include Garfield and the counties where you find Aspen, Vail and Steamboat ski resorts.

Keystone to move River Run Gondola increasing ski-in and ski-out real estate

2007-12-26T11:38:00.000-08:00

Keystone announced last night that they are moving the existing River Run gondola across the Snake River and closer to the River Run Village. It will make the Red Hawk and Springs buildings either ski-in and ski-out or close to it.

Here is the link to the announcement:

http://money.cnn.com/news/newsfeeds/articles/prnewswire/LAF04521122007-1.htm

There are several properties on the market in the Red Hawk and the Springs building that were priced prior to this knowledge. More than likely, this will increase the prices for units in these two buildings.

Best and Worst Housing Markets according to Business Week

2007-12-20T14:32:00.001-08:00

The following Business Week article highlights the best and worst housing markets over the past year:

http://images.businessweek.com/ss/07/12/1210_bestworst_housing/index_01.htm

Amidst all the doom and gloom in the press about housing prices the "worst" markets show some stellar returns over the 5 year period. A 10% decrease in price over 1 year is much easier to stomach when the return over 5 years is +80%.

Copper Mountain Planned Unit Development Work Session

2007-12-20T13:48:00.000-08:00

The Summit County Board of County Commissioners met this past week to discuss changes to the Copper PUD. Copper hopes to reallocate 591 units of unbuilt density to other areas of the resort. They are also planning to build a high-rise hotel on the Chapel Lot very close to the center village. They are also hoping to re-allocate 86,000 square feet of commercial space and eliminate 45,000 square feet of commercial space. The new proposal would also increase open space from 27.7 acres to 55.1 acres. The current timeline is to bring the proposal back in front of the board for approval in early 2008.

Lots of Ski Terrain Open here in the Mountains and more snow is coming

2007-12-16T09:39:00.000-08:00

Lots more terrain has opened this past week at the local resorts. Breck just opened Peak 10 and A-Basin opened the Pali Chair. Copper opened Resolution lift this weekend as well. Expect more terrain to open as the next set of storms rolls through the high country. There is a storm forecasted for Wednesday of this week and a large storm potentially coming through on Saturday and Sunday. For great info on the latest snow forecasts go to http://www.snowforecast.com/BreckenridgeSkiResort/forecast. Stay tuned for the latest info on when Montezuma Bowl opens at A-Basin!!

To see the current available mountain properties here in Summit County, including Breckenridge, Copper and Keystone please go to http://www.realestateinsummitcountycolorado.com/.

Potentially Good News for Remodelers, Builders and Flippers in Summit County

2007-12-16T09:12:00.000-08:00

Home Depot has just started negotiations with the town of Silverthorne to build a 100,000 square foot store along I-70 adjacent to the Blue River. The parcel is just south of I-70 right next to the Dillon Dam. It will be a long process to get approval. Stay tuned...Home Depot was denied the ability to build in Frisco. Many local businesses came out against having the big box store in our back yard when they tried to get into Frisco. I certainly see their point. However, from the consumer side of the equation, it sure would beat driving to Denver, which many locals and contractors do anyways to get supplies. Keeping the sales tax in the county rather than having it go to Denver or Avon certainly would be beneficial as well.

For info on the latest properties available in Summit County, check out www.realestateinsummitcountycolorado.com

Vail Resorts Proposing to Redevelop Mountain House Base Area in Keystone, CO

2007-12-15T09:43:00.000-08:00

The Vail Resort Development Corporation (VRDC) is proposing a 10 year plan to redevelop the overlooked Mountain House Base area at Keystone. They would like to add 588.5 residential units, 48,000 square feet of commercial space. In addition, they plan to upgrade the pedestrian accessibility and feel for this great slope-side area that is right next to the Snake River.

If the new development is similar to the new development VRDC has launched in Breckenridge at Water House, Crystal Peaks and One Ski Hill Place we could see price points in excess of $1000 a square foot. In Breckenridge, this pricing drove up the sold price per square foot of existing surrounding condo complexes. If Keystone mimics Breckenridge, then there could be some appreciation opportunity in various buildings. A significant capital expenditure in the Mountain House area will more than likely have additional positive impacts. It should improve lift accessibility and increase proximity to great amenities for buildings like Tenderfoot Lodge, Hidden River Lodge, Ski Run, Liftside, Snowdance and Slopeside.

For more details of this proposed development please see the recent Summit Daily Article:

http://www.summitdaily.com/article/20071116/NEWS/71116013

To see the current available mountain properties here in Summit County, including Breckenridge, Copper and Keystone please go to www.realestateinsummitcountycolorado.com.