The face of Vail Village is changing in a big way due to continuing progress on the construction of Solaris at Vail – a transformation of the old Crossroads Shopping Center into a thing of wonder. With the installation of the steel superstructure of the roof, we are just now starting to realize the massive scope of this exciting project.
In a financial climate that has become singularly hostile to large commercial /residential development projects throughout the country, Peter Knobel, developer of the Solaris project, has pulled off a virtual hat trick in moving the $325,000,000 project along toward it’s mid year 2010 scheduled completion. His success is founded in a 70% pre-sale (non-refundable deposits) as well as millions in personal money in the deal including the purchase of the site, design work, and tear-down, excavation and concrete work. That the project is proceeding towards completion in this stormy financial atmosphere is a testament to Knobel’s resume as well as the strength and reputation of Vail.
Currently, there are 22 units remaining to be sold at Solaris ranging in size from a spacious one bedroom at $2.4 million to a 6 Bedroom/den Penthouse priced at $19.2million. The amenity package, conceived as a contribution to the general Vail Village lifestyle, will include a skating rink during winter months that morphs into a delightful plaza during the warmer part of the year, a 10 lane bowling alley, a three screen movie theater and thousands of square feet of much needed retail/restaurant/entertainment space.
The residences are the definition of spacious luxury and will feature a private fitness center with pool and spa facilities. Of the 77 residential units originally available, 19 units have been dedicated to a private residence club that is a part of Epiphany Clubs and Resorts. This unique program will feature shared ownership guaranteeing 36 weeks of owner use per year for the current price of $1,672,000. In addition, members of the Club will receive yearly ski passes, full privileges at the Club and Cordillera and a list of many other amenities and services.
Recent sales of several Solaris condominiums at well above the $10,000,000 price point lend credence to the project’s viability. Please give me a call if I can provide you with further information.
