VAIL, Colo. – (Realty News Report) – A condominium project called Altus Vail, the first new major construction in Vail Village in 10 years, is nearing completion.
Home prices range from $3 million to $10 million.
The region is faced with a scarcity of new homes as it comes off a record year with $3.5 billion in real estate sales and historic lows in inventory.
Altus Vail is a 15-unit luxury residence development opening in the summer on 2021. Its significance is particularly noteworthy both for its unique and intimate condominium concept that offers single-family home lifestyle, amenities, and views, as well as offering new inventory for both Vail Village and the Vail Valley.
Located in Vail Village, equidistant from Golden Peak base area and Gondola One, the ski-boot-out and ski-boot-in property provides the privacy and intimacy of being just outside the main village hub while affording easy walking access to Golden Peak and Vail Village base areas and the town’s multitude of shops and restaurants.
“Altus Vail residences are designed to feel like a single-family home, including a more private and intimate setting and location, while still providing close access to everything Vail Village offers,” said Stan Kniss, partner and listing broker for Slate Real Estate Advisors.
Altus team of local and Colorado developers, designers, property and sales executives includes Denver and Eagle-based Brue-Baukol Capital Partners, Gore Creek Group LLC, Shaw Construction, 359 Design, Kellye O’Kelly Design, East West Partners Luxury Home Management and Slate Real Estate Advisors.
The 15-unit property includes nine residences and six penthouses, featuring warm and inviting mountain contemporary designs, semi-private elevators, and indoor-outdoor living spaces, which are one-of-a-kind in the Vail Valley.
“People are re-evaluating how and where they live and spend their time and are learning it does not need to be in the traditional ways, or in the traditional locations,” said Kniss. “Buyers are now looking at vacation homes and seeing them as a permanent or semi-permanent places to live. The trend is moving away from homes that people spend a few weeks in and towards the kind of place where they can spend months.”
The six penthouses have more than 3,000 SF and 16-foot great room ceilings.
Altus Vail is located 400 East Frontage Road in Vail, Colo., east of Vail Village and within walking distance to Golden Peak and Gondola One.
Feb 14, 2021 Realty News Report Copyright 2021
Image: Courtesy Altus Vail
File: Vail’s $10 Million Penthouses in New Condominium
File (2) – Brue-Baukol Capital Partners, Gore Creek Group LLC, Shaw Construction, 359 Design, Kellye O’Kelly Design, East West Partners Luxury Home Management. Vail’s $10 Million Penthouses in New Condominium called Altus Vail. Slate Real Estate.