"Steeped in history, forged in nature, wrapped in luxury-a new legend is rising in the heart of Vermont. Inspired by the mountain that gave birth to the American skiing tradition, Spruce Peak at Stowe stands poised to deliver a new era in luxury alpine living." from their website. . .
I was foresighted enough to recognize that this project was going to be very cool, but I really had no idea how spectacular a finished product they were going to produce. For decades, Stowe had rested on some slightly sagging laurels, its early (I mean real early) contributions to the development of the US ski industry, of course its charm and history as a New England resort town, but the ski area seemed to have missed the boat for much of the last quarter of the Twentieth Century. Snow making and uphill capacity were the domains of other Eastern areas, notably Killington and Sunday River, Stratton, Tremblant. Stowe's Mount Mansfield Baselodge was built sometime in the Stone Age, they used to lay their snowmakers off as soon as they got through Christmas, and no matter when Easter fell on the calendar, it marked the end of the ski season.
But all that has changed, and changed in spades! With the advent of the Spruce Peak Realty project, AIG has brought this mountain to the razor thin leading edge of ski developments in North America, and the world. The luxury is unparalleled. Vail, Beaver Creek, Whistler, Aspen, Deer Valley eat your hearts out. There is a new name in luxury slopeside development, and NOTHING that has come before it comes close: a slopeside mountain village that will never contain more than 400 some residences--and a mix of homesites, multi-million dollar mountain cabins, condominiums and a private residence club, along with upscale retail, new lifts, a stunning Bob Cupp golf course, a new base lodge and a mountain club. Some links to what is happening up there:
http://www.livestowe.com/ownership_opportunities/stowe_mountain_lodge_condominiums.php?page_id=condominiums
http://www.livestowe.com/ownership_opportunities/front_four_at_stowe_mountain_lodge.php?page_id=frontfour
there:http://www.livestowe.com/ownership_opportunities/faq.php?page_id=frontfour#a5
I happen to mention all of this because I was one of the early purchasers of a unit in the Front Four, a truly state-of-the-fractional art Private Residence Club. Now, prior to completion, I find I need to sell my interest. There are a couple of differences between my interest, and the one you would buy today, from the developer. The first, and perhaps most important is the language in the contract. Sometime during the marketing of this project, the developers decided they wanted to discourage speculators, and they replaced the contract to purchase that I bought under with a new one. Today, if you buy a unit, you give the developer the right to buy your unit back from you at the price you paid, should you decide to sell within the first two years(not the obligation to buy it back however--all this does is limit your ability to make a profit). Early buyers gave the developer a first right of refusal as well, but at the price you negotiate with a buyer. In other words, if you or a client, friend or customer were to purchase my interest, there is nothing in the contract language to keep you from making a profit at the first available opportunity. You wouldn't be able to do that with your purchase made today direct from the Spruce Peak Realty LLC.
The other difference (and these are the ONLY two differences) is I will sell mine for 20% less than current developer pricing. Same extraordinary luxury unit, same amenities, same privileges, same membership, same everything, except the dent it puts in your check book. Save $71,800!
I have a contract to purchase upon completion, at two bedroom fraction (an 8th share) in the Front Four. Today, were you to walk in to the sales office and buy this, you would pay $359,000, and get that contract that precludes you from selling at a profit! If you have an interest, let's talk about how you can own my fraction--exactly what they are selling for $359,000, for $287,200, a full 20% discount. AND sell it the next day for a profit if you would like! If you have questions check out the FAQs link above. And if you want to take advantage of my need to sell--be in touch. All my contact info should appear to the right--but just in case, here's my cell 910-315-9977 and my email, fordjill@gmail.com By the way, I do hold a North Carolina Broker's license.
