Vail Resorts Development Company has plans to tear down all of the buildings it owns at the base of Keystone Mountain and redevelop the entire area. However, it will take the company about 15 years to fully complete the project.
The company was in the process of laying out a revised master plan for the Keystone Mountain House area, which entails demolishing everything except Keystone real estate by the name of Chateau D’Mont and Slopeside, multifamily homes that Vail Resorts does not own.
The plan calls for about 500 new Keystone real estate residential units to be built, ranging from Keystone condos to townhomes and single-family homes. The company will also build a state-of-the-art skier village, with all new skier services, including a children’s ski school, restaurants and ticket booths.
New Keystone condos and townhomes will sit closest to the chairlifts, to provide Keystone ski-in, ski-out properties. A smaller number of single family homes will be situated a little farther from the chairlifts.
Vail Resorts Development Company was in the process of gaining approval from the county for the redevelopment, but when the economy slowed, it withdrew its application and is now looking at waiting several years before beginning the project.
Before the company begins the new Keystone Co real estate development project near Keystone Mountain House, it will build 183 condo units in the River Run Village, using the current Hunky Dory pay parking lot to create high-end Keystone ski-in, ski-in condos.
The luxury Keystone condos will be adjacent to the base of the gondola, which Keystone Resort recently revamped by extending it farther into River Run Village and constructing a skier bridge that leads directly to the gondola from Dercum’s Dash.
The county has already approved the projects, which will spread over two parcels. The entire project, named One River Run, will include a new ski school, rental shop, bar, restaurant and skier services on the first two levels of the five-story building. Rock Resort will manage the Keystone ski-in, ski-out condos, which will also include a bar, pool, hot tubs, fitness room and ski valet.
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