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Two in running for Lionshead garage redo
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Edward Stoner
June 29, 2006
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VAIL — The eight developers interested in redoing the Lionshead garage have been whittled down to two.
East West Partners in Avon and Open Hospitality Partners/Hillwood Capital Partnership in Dallas are the only developers who are still in the running to redesign the garage.
Developers had to describe their qualifications and a concept overview by a Wednesday deadline. The overview had to include preliminary plans and an acceptance letter from Vail Resorts because of covenants on the property that limit the use to public parking and conference centers.
Crossroads developer Peter Knobel, who expressed preliminary interest in the redevelopment, did not submit a plan for the latest deadline.
The town issued the request for proposals on May 10. Eight developers responded by the deadline, June 9.
For the next step, a review team will go over the submittals in a public meeting on July 18.
The 1,100-space Lionshead parking structure was built in 1981. The town wants more parking in the new proposals. The project area is 6.6 acres and includes the parking structure as well as the charter bus lot.
Chuck Madison, spokesman for East West Resorts, said earlier this month that the company’s proposal would include hotel rooms, condos, timeshares, a spa and fitness center and restaurant space.
The proposal could also include a large conference center space, between 15,000 and 25,000 square feet, Madison said. Retail and office space are also part of the plan, Madison said.
Mark Mastiner of Open Hospitality Partners/Hillwood Capital said earlier this month that his group’s proposal for Lionshead will have two hotels and public parking, Masinter said. There may also be a conference center, Masinter said.
Hillwood Capital is part of Hillwood, a real estate development company whose chairman is Ross Perot Jr., son of the former presidential candidate.
Staff Writer Edward Stoner can be reached at 748-2929 or estoner@vaildaily.com.
Vail, Colorado
www.searchinvail.com
As per www.vaildaily.com
Two in running for Lionshead garage redo
--------------------------------------------------------------------------------
Get News Feeds
--------------------------------------------------------------------------------
Edward Stoner
June 29, 2006
Comments (0) Print Email
VAIL — The eight developers interested in redoing the Lionshead garage have been whittled down to two.
East West Partners in Avon and Open Hospitality Partners/Hillwood Capital Partnership in Dallas are the only developers who are still in the running to redesign the garage.
Developers had to describe their qualifications and a concept overview by a Wednesday deadline. The overview had to include preliminary plans and an acceptance letter from Vail Resorts because of covenants on the property that limit the use to public parking and conference centers.
Crossroads developer Peter Knobel, who expressed preliminary interest in the redevelopment, did not submit a plan for the latest deadline.
The town issued the request for proposals on May 10. Eight developers responded by the deadline, June 9.
For the next step, a review team will go over the submittals in a public meeting on July 18.
The 1,100-space Lionshead parking structure was built in 1981. The town wants more parking in the new proposals. The project area is 6.6 acres and includes the parking structure as well as the charter bus lot.
Chuck Madison, spokesman for East West Resorts, said earlier this month that the company’s proposal would include hotel rooms, condos, timeshares, a spa and fitness center and restaurant space.
The proposal could also include a large conference center space, between 15,000 and 25,000 square feet, Madison said. Retail and office space are also part of the plan, Madison said.
Mark Mastiner of Open Hospitality Partners/Hillwood Capital said earlier this month that his group’s proposal for Lionshead will have two hotels and public parking, Masinter said. There may also be a conference center, Masinter said.
Hillwood Capital is part of Hillwood, a real estate development company whose chairman is Ross Perot Jr., son of the former presidential candidate.
Staff Writer Edward Stoner can be reached at 748-2929 or estoner@vaildaily.com.
Vail, Colorado
www.searchinvail.com
posted by Vail Local at 9:09 AM
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