Wild Horse Steamboat - Information from an Independent Source

The Scoop on Wild Horse Steamboat from an independent Realtor who tells it like it is & takes a very thoughtful approach to valuation. I can tell you the history of this project & how it compares to other options so you can make a well informed decision. I stay current based on my relationships with people in the development community & insights into our market. Project details evolve rapidly so ask me for the latest at 970-879-0879.

Sunday, February 19, 2006

Wild Horse Meadows Steamboat (TM)

Update 5/8/11:  Trailhead Lodge at Wildhorse Meadows is now in the foreclosure process. I have started a list of interested people that I will keep up to date with more details so it you are interested in what is happening or are interested in buying after the foreclosure process is complete. Please email or call me if you would like to know more or get on this list. No one follows Wild Horse as closely as I do and I have contacts that can give me good info earlier than you will find elsewhere.  My cell is 970--819-6930 and my email is jon@TheSteamboatGroup.com .

For more info on the Wildhorse Meadows Foreclosure  click the previous link and here for more up to date info on Wild Horse Meadows in Steamboat I keep that site more up to date than this blog.


From February 2006:
Here are some updated details on Wild Horse Meadows Steamboat (TM). Wild Horse Meadows (TM) is in the area above the the Tennis center and meadows parking lot. They now plan several hundred units made up of houses, town homes, condos and a condo hotel with a gondola linking it to the base area. Views from this parcel are great and the team putting this development is first class. Members of the team have been involved in quite a few quality projects like Catamount in Steamboat Springs and many other projects around the western US.

Quoted from the Steamboat Pilot: whole article here.

Wildhorse Meadows could add 600 residential units within 10 years
By Tom Ross, Staff Reporter Sunday, February 19, 2006

The developer of 600 planned residential units near the Steamboat Ski Area base would like to begin site preparation in Wildhorse Meadows by late summer. RP Steamboat LLC, led by partners Whitney Ward, David Hill and Brent Pearson, has filed a development plan with the city of Steamboat Springs.

"We're ready to go," Ward said this week. "We have all of our capital arranged and closed and ready to be invested in the community." The plan calls for a range of dwellings as well as commercial buildings and amenities to include a public learning center on 47 acres formerly known as Tennis Meadows. The project could take 7 to 10 years.

The site wraps around the ski area's remote parking lot and extends up a steep ridge to Mount Werner Circle. The project would be linked to Gondola Square by a people-mover gondola. As proposed by the development team, it would be private, however, Ward said this week that he remains open to a partnership with the ski area and the city that would make the lift public. "We don't have our hand out here for this lift," Ward said. "We think from a community sense, it would make sense if this lift were available for public use. We're willing to make our private easement available for public use." Ward has proposed an equal cost sharing among his development, Steamboat Ski and Resort Corp. and the city. However, he emphasized that he and his partners are prepared to build a lower capacity lift at their expense. "We're not asking for any money to build our lift," Ward said. ...Cipped here...

More details on Wild Horse Meadows (TM)

Here are some key details on the Wild Horse Meadows (TM) project slated to begin in early summer 2006 (at the time of this post)

- The development of the project is likely to be spread out over nine phases with as many as 82 affordable-housing units.

- The first phase most likely would be 41 single-family home sites at the southern end of the project closest to Walton Creek Road.

- The current mix of housing units they envision is 85 townhomes, 175 condominiums in three buildings and 265 condominium hotel units in two buildings. The hotel will be a first class property with full amenities.

- The condominium hotel buildings would be three and four stories tall over one to two levels of sub-surface parking. The hotels would be located next to the public plaza which will be the focal point of Wild Horse Meadows since it will border the lower terminal of the new cabriolet gondola they currently plan build. The plaza may also include an ice skating rink.

- the gondola right of way is envisioned to include trails, ponds and hills for sledding.

- The developers anticipate 5,000 square feet of retail space in the condominium hotel, a general store of 2,300 square feet, 10,600 square feet of skier services and food and beverage, a 2,300-square-foot educational/cultural center and a 12,000-square-foot private athletics center.

- The developers currently plan to build the entire infrastructure for Wildhorse Meadows, including interior roads, simultaneously starting once plans are approved. The single family building lots would be developed first. Phases 2 and 3 also would be tackled by RP Steamboat and would include a luxury condo building and group of townhomes, both close to the plaza.

Contact Jon Wade for more info about Wild Horse Meadows (TM) in Steamboat Springs. Call 970-819-6930 / 800-556-6717 x262 or email jon@mybrokers.com. I am a Real Estate Broker that is not affiliated with the developer so I can give you an independent perspective on this project and the rest of the base area update.

Search the Steamboat Springs Real Estate MLS or get information on One Steamboat Place the project at the other end of the new gondola. Project details evolve rapidly so make this be start of your due diligence. Details evolve with the developers plans. I can provide data based on the latest public plans and complete info packets from the developer once they are availible.

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