First new major Vail Village development in 10 Years

Altus Vail’s luxury residences offer unique and intimate condominium concept for single-family lifestyle with added amenities and mountain views
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Altus Vail, a new 15-unit luxury residence development opening  in summer, 2021, marks a significant milestone as the first new major construction in Vail Village in 10 years.

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. The region is faced with a scarcity of new homes as it comes off a record year with $3.5B year in real estate sales and historic lows in inventory.

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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. “Another key component are the amenities and features, which mirror those of a single-family home in terms of high-end appliances, energy efficiency, mountain contemporary interior design, private decks and indoor-outdoor living spaces,” Kniss added.

Altus brings together a proven team of local and Colorado developers, designers, property and sales executives including 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.

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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. Prices range from $3M to $10M.

“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. Altus is designed to support this trend, offering an intimate approach to condominium living and sense of belonging and accessibility without the headaches and maintenance of a single-family home.”

Categories: Industry Trends, Real Estate