Village at Breckenridge owners made a historical decision for the future of the Village and voted for and approved the special assessments at the Annual General Meeting in January 2009. It was a tough but right decision as we all want the Village to be the premier Breckenridge real estate property once again!
The assessments are expected to be $76.84 per square foot. The units’ square footage varies from about 400 sq feet for the studio in Lifside to 1360 sq feet for a three bedroom condo in Plaza III. If we do a math here, the owners have to pay something between $30,700 to $104,500!
The construction shall start in April 2010 and be over before the Holidays in 2010, so the owners could enjoy Christmas and New Year in the new place and those who have their condos on the rental program could make good rental income.
The interesting fact is that all buildings in the Village will have new names:
Liftside will be Peak 9 Inn
Chateaux will be Wetterhorn
Plaza I will be Antero
Plaza II will be Shavano
Plaza III will be Blanca
The town of Breckenridge has already approved the building plans and now the Village Treasurer is actively communicating with the banks on different financing options for the owners. The Village has a great HOA web site with tons of useful information. The Resource Center has two different presentations for the upcoming project and monthly newsletters for the owners and everybody who is interested in the Village life.
Real estate in Breckenridge
Tags: Breckenridge, Breckenridge real estate, condos, construction, property
In all five mountain counties, Eagle, Garfield, Pitkin, Routt and Summit, new construction has so far slowed considerably in the first half of 2008.
