Vail’s Solaris on pace for 2010
Vail, CO Colorado
VAIL, Colorado – It’s big, it’s bold – it’s what developers are calling the new center of Vail Village.
The Solaris project, on the corner of Meadow Drive and Willow Bridge Road, is on schedule to open by the Fourth of July weekend next year, said Craig Cohn, the project’s director of sales, marketing and leasing.
And yes, Solaris is still building everything it promised during its meetings with the town of Vail and the public, Cohn said.
“The No. 1 question people have been asking is are we still building the movie theater, bowling alley and ice rink,” Cohn said. “Now, in tougher (economic) times, people want to know, are we still doing it.”
A recent site tour of the construction site proves it – the three movie auditoriums are already visible within the site, and so are the bowling alley’s 10 lanes. The oval-shaped ice skating rink in the center of the outdoor plaza is also in place.
These are three of the project’s most valuable features, Cohn said.
“Locals cared about the amenities that were going to be to their benefit,” he said.
Solaris will feature 78 whole ownership condominium units – no time shares – retail shops and restaurants. There’s a public lobby area and a plaza for ice skating and gathering, and the site also has 310 underground parking spaces, of which 200 are public spaces.
Cohn said he isn’t ready to release which retailers or restaurants have signed contracts, but said there will be a mix of everything from art galleries to clothing stores to an ice cream shop to two restaurants operated by a well known local restaurateur.
Cobb Theatres CineBistro is going to operate the movie theater – a theater with a full-service restaurant. Movie watchers can also have food and drinks served to them at their seats, Cohn said.
Cohn said movie tickets would run around $14. For comparison, prices at the Riverwalk and Capitol Theatres are $9.
“(Cobb Theatres) is committed to staying competitive with other valley movie theaters,” Cohn said.
Solaris’ developers will operate the bowling alley, and Cohn said he isn’t sure yet on what the price per hour would be for bowling. He said the bowling alley is going to be as luxurious as it gets.
Cohn said about 65 percent of the available commercial space at Solaris is already negotiated or in final stages of negotiations. About two-thirds of the projects condominiums are also sold.
The condominiums range in price from $1.4 million to $19 million. Cohn said there’s every type of unit left in the 24 that are still available, from the least expensive to the most expensive. Cohn is also still interested in hearing from potential commercial and retail tenants.
When asked if the developers think the market can sustain such a large development right now, Cohn definitively responded, “yes.”
“If we were at 10 percent (sold) I’d probably say no, but we’re not,” he said.
Lauren Glendenning can be reached at 970-748-2983 or firstname.lastname@example.org