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Eagle County (Vail and Beaver Creek) Real Estate

Friday, August 18, 2006

www.searchinvail.com

As per the Town Of Vail

One of the largest components of Vail’s redevelopment is Vail Resorts' ArraBelle at Vail Square. Located in the LionsHead "core site," plans include a new five-star hotel and outdoor public ice-rink, plus new skier services, retail and commercial spaces, restaurants, condominiums and more. In addition, several public improvements are required as part of the design. Click here for a list of the conditions of approval. One of several projects slated for LionsHead, the approval is the culmination of years of effort and cooperation between Vail Resorts, the Town of Vail and other community partners. Other LionsHead projects, consistent with Town of Vail's adopted Lionshead Redevelopment Master Plan, include the redevelopment of the West Day Lot, the North Day Lot and the Tennis Court Site. These sites are slated for riverfront homes, additional "hot beds," retail space, centralized loading and delivery, a small number of single family home sites, improved vehicular and pedestrian access and more. Complementing the historical architecture of Vail, classic European architecture will be featured throughout the Lionshead area. Here's a look at what's ahead:Core SiteLuxury HotelThe Core Site is proposed to be redeveloped as a five-star RockResorts hotel facility by replacing the Gondola building and demolishing the Sunbird lodge. This hotel will be developed in two buildings, which from the pedestrian level will read as four separate structures. The hotel includes 81 hotel rooms, 60 of which will be hotel lock-off units. There are 79 dwelling units of varying sizes and configurations. Owners of the condominium units and lock-offs will be encouraged to participate in a rental program operated by the hotel. A variety of incentives and disincentives will be utilized to encourage owners to participate in this program so that the entire property will be operated as a resort hotel facility. The hotel includes a large lobby area, lounge, spa facility, meeting rooms and other amenities associated with operating a five-star hotel property. The RockResorts hotel also will include approximately 32,000 sq. ft. of retail and restaurant area and 3,500 sq. ft. of skier services area taking full advantage of pedestrian malls accessing shopping and apres ski facilities within Lionshead. A new public ice rink and skier bridge across Gore Creek will complement the many improvements at the core site. Vehicular access to the RockResorts hotel is gained by Lionshead Place to subsurface parking accommodating loading berths (some available for public use), and parking to serve the uses proposed.

West Day LotHotel/Condominium DevelopmentThe redevelopment of the West Day Lot includes maintaining the newly redeveloped Marriott Hotel and providing a new hotel and residential development on the remainder of the site. The new hotel building includes 90 hotel rooms (44 are hotel lock-offs), 112 dwelling units, meeting rooms, a restaurant, hotel fitness areas, and subsurface parking to serve both the new development and a portion of the Marriott's parking requirements. Access to the hotel is via the Porte located on West Lionshead Circle and access to the newly created subsurface parking is gained from West Lionshead Circle between the Marriott Hotel and the new hotel facility further meeting the Vail Master Plan goals of concealing parking and developing pedestrian connections to the core of Lionshead. Additionally, there is a low-density residential development on the south side of the site. These homes are accessed via a subsurface parking area connecting to West Forest Road. Other site improvements include extensive pedestrian paths and access through the site, two outdoor swimming pools, patio areas and extensive landscaping.

North Day LotTransit Center/ Employee HousingThe proposed redevelopment of the North Day Lot allows for a Town of Vail transit center, 144 employee beds in 36 employee housing units and 16,243 sq. ft. of office space in a six story building. The North Day Lot is an important parcel in the overall redevelopment of Lionshead. This parcel was identified in the Lionshead Redevelopment Master Plan as a location for office uses, employee housing, and a potential site for the town's transit center. The ground level of the proposed structure includes 11 surface parking with the remainder of this level reserved for other transit center uses. Additional parking (84 spaces) is located in a sub-surface parking structure below the building and transit center. The second, third and fourth floors of the building contain the 144 employee beds. The fifth and sixth floors will accommodate the office uses relocated from the existing Gondola Building (Core Site).

Tennis Court Site4 Residential LotsThe existing Tennis Court Site is proposed to be developed with four residential lots of approximately 25,000 to 29,000 sq. ft. A proposed private road provides adequate access for passenger and emergency vehicles.Town of Vail Public Improvement ProjectsAssociated public improvements identified by town engineers, to date, include:

Dedicated acceleration and deceleration turn lanes on South Frontage Road from Cascade Village to Vail Road, $15 million.

East and West LionsHead Circle road and pedestrian streetscape improvements, $2.5 million.
Concert Hall Plaza access for pedestrians and emergency vehicles, cost TBD.

Lighting, landscaping and snowmelt surface improvements to LionsHead pedestrian mall, $9 million.

Improvements to East LionsHead pedestrian portal to include removal/relocation of service and delivery vehicles, private skier drop-off and local transit shuttles, $3 million.

Expand LionsHead parking structure by 350 spaces and remodel existing structure, $15 million.

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