The Constellation Residences

Posted: 9/14/2016
50 Units
1.5 Acres
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About

About The Constellation Residences

The project, for which Phase I has already been completed, is physically connected to the one and only Ritz-Carlton Lake Tahoe Resort, and ideally situated at the mid-mountain level of the Northstar California Resort, one of North America’s premier alpine destination resorts. The fully entitled project is designed for 100,917 net saleable square feet (Phases II & III) and will be situated on 1.5 acres of the Ritz-Carlton campus on the mountain. Architectural, structural and MEP design is complete through 90% Design Development with Oz Architecture, the architect of record for both the Ritz-Carlton Lake Tahoe and the Village at Northstar. This offering provides a ONE OF A KIND opportunity to acquire and complete a world class residential development site connected to the Ritz-Carlton Resort at the mid-mountain level of Northstar California Resort. The strategic slopeside location of the Property, combined with its current entitlements, provides an investor with a rare opportunity to quickly build up to 50 residential units to the highest construction standards in order to tap into the upper echelon of luxury mountain resort demand. The Property has the potential to be developed into one of the finest ski-in / ski-out projects in North America. Only ministerial improvement plans and building permits are required in order to commence vertical construction. The successful bidder will benefit from Vail Resorts’ relatively recent acquisition of Northstar operations and all of the subsequent Village and Mountain improvements that have been and continue to transform Northstar into a true year-round destination resort. Vail Resorts and the Ritz-Carlton are both world class operators with the experience and resources to operate and maintain Northstar as a premier four-season destination for generations yet to come, preserving value and providing the ultimate luxury mountain experience.