Developer Duo Breaks Ground on $1B Telluride Residence/Resort Venture
Merrimac Ventures and Fort Partners have broken ground on a $1 billion project and closed a landmark construction financing package. The project, developing the Four Seasons Resort and Residences Telluride, is on a premier 4.4-acre site in Mountain Village. The developers successfully closed on the land and obtained a $417 million construction loan from J.P. Morgan with additional financing from CanAm Enterprises.
The development will offer 26 Private Residences ranging from two to five bedrooms, 43 Hotel Residences ranging from one to four bedrooms and 52 hotel keys, all offering panoramic views of Telluride’s most iconic peaks, including Mount Wilson, Campbell Peak and Palmyra Peak. Residents will enjoy amenities including ski-in/ski-out access, ski valet and private lockers, a fitness center, spa and recovery center, indoor lap pool, outdoor hot tub, underground parking and a private residents’ club.
Owners will also benefit from the five-star services of the adjoining Four Seasons Resort, including on-demand car service, housekeeping, valet, butler service, wellness programming and more.
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Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout