Real Estate Sales Soar at Revelstoke Mountain Resort
Revelstoke, B.C. - Sales hit $35 million on March 1st for Revelstoke Mountain Resort’s release of the last phase of Nelsen Lodge condos. The resort’s final release of luxury resort condominiums, Nelsen Lodge Two comes one year after the first two Nelsen Lodge buildings sold out in just three hours in March 2007 and brings total sales to more than $100 million.
“This is one of the strongest sales successes in resort real estate in North America in the last 12 months,” says Ross McCredie, president and CEO of Sotheby’s International Realty Canada. “For the first offering, we focussed on the U.S. market, but this time we made a marketing push in Ontario.” Overall, half of the buyers were from Canada and 40 percent from the U.S., where demand remains high. International sales came from the U.K. and as far afield as Hong Kong and Mexico.
Since opening North America’s newest resort last December, Revelstoke Mountain Resort has received rave international reviews. “People have read about the amazing skiing and want to be part of it,” says development partner Don Simpson. “Heli, cat and lift skiing?nowhere else has what Revelstoke Mountain Resort has to offer.” And with the completion of a $6 million extension of the gondola later this year, the resort will also boast North America’s longest lift-serviced vertical descent at 5,620 feet.
The last of the three Nelsen Lodge buildings is the closest to the slopes. The eight-storey building will offer unparalleled views of British Columbia’s Monashee Mountains and will house 35,000 square feet of commercial space and state-of-the-art amenities including media room, workout facilities and pool. The contemporary mountain-style ski-in ski-out condos range from 585 to 1,750 square feet. With prices starting in the mid $400,000s, a limited number of units remain available.
The $1 billion, four-season Revelstoke Mountain Resort is expected to be completed over 15 years and include over 5,000 new housing units comprising top-tier luxury hotels, townhomes and single family homes; more than 300,000 square feet of commercial and retail space; and a signature golf course.
For more information, contact Sotheby’s International Realty Canada in Revelstoke at 1-888-837-2188 (toll free in North America).
Thursday, March 06th 2008 @ 07:21 AM.
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