Ritz-Carlton penthouse set up for spring showing in Vail
Vail, CO Colorado
VAIL, Colorado – You clamber through a warren of concrete and metal studding, wires and klieg lights and construction workers, and then open a door to a completed penthouse condo at the Ritz-Carlton Residences in Vail.
Suddenly, it’s a whole ‘nother world, furnishings just so, heated bathroom floor, picture view of the ski mountain, the best of everything – for a mere $7 million or so. Time to shed the work boots for some white fuzzy floor slippers you can keep if you wish after the tour.
Finished just 11 days ago in time for showings during the spring break season, the two-story, four-bedroom residence has been shown to five prospects already.
The outside is slowly shedding its plastic wrap to reveal the buttercup yellow, Bavarian shell of the Ritz-Carlton Residences just west of the Marriott in Lionshead.
The building is scheduled to open this summer as part of the grand climax to Vail’s big renaissance that had the town dubbed “Crane City” for the better part of this millennium.
The cranes are gone now, and the remaining construction has moved mostly inside. The 600 builders who come to work daily with their hardhats surely appreciate the cover, along with a mild winter that speeds construction if not the full passions of skiers seeking the endless powder of last year.
Each penthouse residence will be unique, although they all must meet rigorous construction standards set by the Ritz-Carlton, said Graham Frank, the senior project manager. Materials, ceiling height, hallways, acoustics, quality of work – that’s the brand, and Ritz-Carlton inspects carefully before clearing for habitation. Its name is at stake, after all.
In a hallway under construction, Frank showed electrical fixtures surrounded in red putty to prevent sound from traveling through walls. The studs are similarly treated to carry sound away from the rooms as part of the detail that goes into the work.
There will be 71 “whole-ownership” residences ranging from two-bedroom units (in the $2 million range) to the prize six-bedroom penthouse at the top that will go for $9 million.
Frank said that because the Vail Resorts Development Co. is funding the project from its own earnings, they could work with lenders that will be more likely to loan to people purchasing units at the development.
We’re talking luxury, so the list of services, social club amenities and concierge assistance will run long.
Vail Resorts spokeswoman Kristin Williams said Vail will be well-positioned when the recession finally gives way to true recovery with the range of new lodging that will open this summer.
She also said that Vail Resorts is demonstrating with the Ritz-Carlton Residences how well the company today can work with the town as partners. That in itself is an important consideration for the Town Council as it weighs the company’s next big project on tap, Ever Vail, she said.