Luxury Townhome Development in Keystone 80% Sold Before Breaking Ground
The first new home development to be constructed in River Run Village in over 20 years, is now over 80 percent sold, only two weeks following the developer’s land purchase. As pioneers in the original development of Keystone Resort, Colorado’s River Run Village, former executives of Intrawest Corporation have returned to Keystone under the banner of developer Replay Destinations. Priced between $2.4 million and $4 million, Replay is developing a collection of twenty-four luxury townhomes known as the Alcove Residences at River Run.
Nestled at the confluence of the North Fork and Snake Rivers, on the sundrenched southern edge of River Run Village, the family-sized townhomes boast riverfront privacy just steps from the River Run gondola, Summit Express chairlift, and village amenities. The three- and four-bedroom Alcove homes range from 2,273 to 2,730 square feet and will feature spacious, open-concept living spaces characterized by vaulted ceilings and wooden beams. The expansive glass will reveal enviable mountain views while welcoming natural light into the spaces. Gas fireplaces will be located in living areas and primary bedrooms, and covered terraces with sliding glass doors will offer cozy outdoor living spaces. Each residence includes private entrances, luxury finishes, oversized two-car garages complete with electric vehicle chargers and ample gear storage, and patios with hot tub connections. With every detail of the mountain lifestyle considered, a selection of the townhomes will feature a family room in addition to the main living area.
Replay will spend the upcoming winter months preparing the site in anticipation for Alcove’s spring 2023 construction commencement, which includes removing the various temporary structures, including the long-standing ski school tent.
Replay’s current projects, Ascent at The Phoenician®, a Luxury Collection Resort in Scottsdale, Arizona, and Mill District, a luxury mixed-use development in Healdsburg, California, together with Alcove boast a combined $300 million in sales for 2022.
“We have achieved very strong sales results with our projects in Scottsdale and Healdsburg this year, and selling over 80% of our Alcove Residences in Keystone, Colorado, in such a short period of time, has reinforced our approach to destination development in the current market,” says Paul Jorgensen, CEO of Replay Destinations. “Our strategy of focusing on the luxury end of the market in highly sought-after, experience-driven locations with innovative design is proving to be very resilient. We are actively looking to add to our portfolio and will release more homes from our current projects in 2023.”
Slifer Smith & Frampton Real Estate is the broker for the project and the architect is DTJ Architects.
For more information and to inquire about the remaining Alcove Residences visit www.alcoveatkeystone.com