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One Willow Bridge Road development
announced by Daedalus
Real Estate Advisors, LLC
Project provides first exclusive private
residence club opportunity in Vail Village in five
years
Vail, CO - April 5, 2004
- Daedalus Real Estate Advisors, LLC today announced
the purchase of property in the center of Vail Village
and plans for construction of one of the first major
redevelopment projects in the renaissance of Vail
Village. One Willow Bridge Road will offer a total
of 23 units for ownership, including 13 exclusive
fractional and 10 full ownership units with underground
parking, private dining facilities and commercial
retail space on the location of the existing Swiss
Hotel & Spa at the corner of East Meadow Drive and
Willow Bridge Road.
The Swiss Hotel & Spa will discontinue
hotel, restaurant and spa operations as of the close
of business on April 19, 2004. The popular Swiss Chalet
restaurant will be relocated soon to a new location
in Vail Village to be announced by its owner, Sonnenalp
Resort. The Swiss Hotel Spa will be relocated into
expanded spa facilities in the adjacent Sonnenalp
Resort. Deconstruction of the Swiss building will
take place in June 2004 followed immediately by construction
of the new improvements commencing in August 2004,
and scheduled for completion in December 2005.
Development financing is in place
and a formal groundbreaking ceremony and commencement
of pre-construction marketing and sales reservation
activity by Sonnenalp Real Estate is scheduled for
early July.
The existing Sonnenalp Resort will
also be expanded following the completion of the One
Willow Bridge Road project. The Sonnenalp will add
38 new hotel rooms, expand existing dining room facilities,
renovate and expand the combined spa and add underground
parking in a second phase of the redevelopment. Plans
were approved by the Town of Vail council in late
2003.
The project signals a major advance
in the $1 billion renaissance of the Town of Vail,
which was unveiled at the Town's annual meeting, held
March 18, 2004. As Vail continues its legacy of being
a model in balancing community developments, resort
living, winter and summer recreation and tourism interests,
the One Willow Bridge Road project met the needs of
Vail's plans and diverse redevelopment requirements.
Located at the center of Vail Village, it will be
one of the finest examples and lasting first impressions
in Vail's renaissance initiative. Unique for its location
shared with the Sonnenalp Resort in Vail Village and
for its design focus on the new resort demands of
high-end consumers, One Willow Bridge Road will be
the standard for all other development projects of
the genre to come.
"One Willow Bridge Road is one of
the first new major building projects to take place
in Vail Village. It sets the tone for the quality
construction and design integrity Vail is known for.
The developer has worked well through the town approval
process and knows how to build world-class facilities.
We are fortunate to have them involved as a catalyst
for Vail's revitalization," said Stan Zemler, Vail
Town Manager.
"One Willow Bridge Road will set the
stage and establish new quality standards for development
in the new Vail Village. It is the red carpet introduction
to every improvement project the Town of Vail has
planned for this renaissance of Vail Village. Our
private residences will offer an experience unlike
anything else in Vail and it will offer new fractional
and fully-owned residence units that have not been
seen in Vail for years," said Robert M. McNichols,
Colorado native and managing member of Phoenix based
developer Daedelus Real Estate Advisors, LLC. "We
expect the demand for this luxury residence opportunity
to be very high."
A State of the Art, Discerning
Community
As the premier European style, luxury
private residence club planned for Vail Village, One
Willow Bridge Road will offer its guests an attention
to detail and personalized service unlike any other
development now, or to come.
One Willow Bridge Road will include
23 units, 13 of which will be offered as a fractional
ownership units for a total of 107 shares. Eight units
will offer a 1/9th ownership; five will offer a premium
1/7th ownership. The fractional units will be located
on the first, second and third floors of the four-story
development. The full ownership units will be located
on the second, third and fourth floor penthouse levels.
Most units will feature three and four bedroom floor
plans and each will have ski mountain and scenic valley
views. New retail stores will line the East Meadow
Drive frontage of the project.
Some highlights include:
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Central location in Vail Village
with Gore Creek frontage and immediate pedestrian
access to dining, shopping and skiing.
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A private lounge and dining
room will be located on the ground floor for
members and guests.
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Private swimming pool and
whirlpool overlooking Gore Creek on a landscaped
rear yard with patio and outdoor fireplace.
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European exterior and interior
design incorporated in high quality new construction.
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Private heated and reserved
underground parking with direct elevator access
to every floor.
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The most advanced electronics
and communications facilities.
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State-of-the-art climate control
and security systems.
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Fireplaces, gourmet kitchens
and designer bathrooms in each unit.
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Access to amenities and member
services exclusively provided by the Sonnenalp
Resort.
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Concierge, food and beverage,
housekeeping services with personalized attention.
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Resort spa and private golf
club access with preferred rates and reservation
privileges.
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On mountain ski and boot storage
lockers, plus generous personal storage including
set up and pack-away service.
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Private events, exclusive
offers and other unique features expected
of an elite club residence community.
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Flexible living schedules
for owners of fractional shares.
Exclusive Management
by the Sonnenalp Resort
The world-class Sonnenalp
Resort will be the exclusive manager of One
Willow Bridge Road. Members of the residence
club will have access to the finest luxuries
and comforts offered by the Sonnenalp Resort.
"The Sonnenalp hotel has been
in our family for four generations and it
is our commitment to a quality experience
that has kept our loyal guests returning year
after year," said Johannes Faessler, president
of Sonnenalp Resort in Vail. "The addition
of One Willow Bridge Road residences will
provide a small group of select individuals
the opportunity to enjoy the Sonnenalp Resort
experience in a unique way; the benefits of
private ownership as well as resort guest
access to our exclusive spa, golf course and
restaurants. We look forward to this partnership
and sharing the Sonnenalp in a new way with
a new audience."
Economic Impact of
the Development
One Willow Bridge Road is
the first project to be finalized as part
of Vail's redevelopment initiative with privately
funded improvements totaling over $1 billion
in the years leading up to 2008. Vail Village
streetscape improvements will include snowmelt
surfacing, site lighting and furnishing, retaining
walls, landscaping and public improvements
totaling $50-60 million. Vail's public and
private revitalization project will mean improved
economic sustainability, enhanced community
amenities and continuation as the number one
ski resort in North America.
Parties interested in learning
more about One Willow Bridge Road can visit:
www.onewillowbridge.com
One Willow Bridge
Road Development Summary
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Project:
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23 residences,
including 107 factional ownership
shares and 10 full ownership units,
5,500 square feet of new commercial
retail space, underground parking
garage.
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Location:
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Corner of East
Meadow Drive and Willow Bridge
Road, Vail Village.
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Owner:
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Vail Dover Associates,
LLC, Phoenix
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Developer:
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Daedalus Real
Estate Advisors, LLC, Phoenix
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Architect:
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Resort Design
Associates International, San
Francisco and Boulder
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Contractor:
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The Weitz Co.,
LLC, Denver and Frisco
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Interior Design:
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Kate Bodenheimer
Interior Design, Denver and Vail
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Sales:
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Sonnenalp Real
Estate, Vail
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Management:
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Sonnenalp Resort,
Vail
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One Willow Bridge
Road Project Timeline
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April 19th
2004
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Swiss Hotel &
Spa permanently closes
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June 2004
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Deconstruction
of the Swiss Hotel & Spa
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July 2004
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Marketing and
sales begins
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August 2004
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Groundbreaking
and construction commencement
on One Willow Bridge Road project
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December 2004
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Parking structure
for One Willow Bridge Road is
complete
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March 2005
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Structural steel
complete; building "topping out"
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June 2005
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Building exterior
complete; Interior construction
commencement
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September 2005
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Streetscape, hardscape
and landscape construction commencement
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October 2005
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Furniture, fixtures
and equipment installations begin
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December 2005
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Project complete;
One Willow Bridge Road grand opening;
Owner move-in and occupancy
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About One Willow Bridge
Road
One Willow Bridge Road is
one of the first major new developments as
part of the Town of Vail renaissance initiative.
The private residence club is unique in Vail
Village and offers opportunities for full
or fractional ownership of luxury two, three
and four bedroom residences to an elite group
of consumers. One Willow Bridge Road will
include state-of-the-art amenities and exclusive
resort management services by the world famous
Sonnenalp Resort. For more information on
the project, visit www.onewillowbridge.com.
About Sonnenalp Resort
of Vail
A member of The Leading Small
Hotels of the World, the AAA Four Diamond
Sonnenalp Resort of Vail is a European-style
resort with 88 guest suites appointed with
hand-carved Bavarian furniture and European
accents. The resort offers two restaurants
and a lounge in house, including Ludwig's
Restaurant. The Sonnenalp also features a
full-service European spa; elegant conference
facilities; live entertainment; complimentary
valet parking; personalized service; and customized,
all-inclusive vacation options for adults
and children. The Sonnenalp Resort of Vail
also boasts its own golf course and club,
the Sonnenalp Golf Club. Featuring an 18-hole
championship, links-style course, the Sonnenalp
Golf Club is the host site of the Colorado
Open. For more information, visit www.sonnenalp.com.
About Sonnenalp Real
Estate
Our respected team of top
producers is widely acclaimed for providing
outstanding personal service, consummate professionalism
and exceptional results to buyers and sellers
of the Vail Valley's finest properties. Whether
in Vail, Beaver Creek, Bachelor Gulch or other
luxury areas of the Vail Valley, we welcome
the opportunity to be of service. For more
information visit www.sonnenalprealestate.com
or call 970-477-5300.
About Daedalus Real
Estate Advisors LLC
Daedalus Real Estate Advisors,
LLC is a Phoenix based commercial real estate
services company that provides investment,
development and communications consulting
to corporate real estate clients in Arizona
and the Southwest. Recognized in 2004 as one
of the state's most influential developers
by Arizona Business Magazine Daedalus Real
Estate Advisors, LLC creates master planned
commercial and lifestyle environments including
office, industrial, retail, golf and resort
residential development. For more information
visit www.daedalusllc.com.
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