‘Trouble free, worry free’
Development would put focus on luxury
April 8, 2006
Steamboat Springs — The developers of Alpine Mountain Ranch hope to secure more than $33 million in business during the first week in June.
Alpine Mountain Ranch is a proposed residential subdivision just south of Steamboat Springs. Partners Bill Butler and Andy Daly have yet to obtain the necessary approvals from Routt County to create up to 63 residential lots of five acres on 1,216 acres. However, they are confident enough to have scheduled June 1 to 9 as the “offer period” for the 19 lots in the first phase.
That’s when prospective buyers may submit their preferences for up to three lots among the 19 building sites in the first phase of the development. Then, on June 12, names will be drawn out of a hat to determine who has the right to reserve individual lots.
Daly and Butler, along with Vice President and General Manager T. Mark O’Reilly, unveiled the project to the Steamboat Springs real estate community during a cocktail party at Hazie’s on March 31.
High Mountain Sotheby’s International Realty and Prudential Steamboat Realty, both in Steamboat Springs, share the listing on the project.
“It will be done right,” Butler said about Alpine Mountain Ranch. “That’s what we stand for. If you go back through my company’s history, that’s what you find. We’ll place an emphasis on making it enjoyable to do business.”
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He is chairman and CEO of Corporex Companies, which he founded in 1965. The company focuses on family country clubs, hospitality and real estate development and management.
Butler is based in Northern Kentucky and has completed significant residential projects along the riverfront in Cincinnati. They are known for dramatic architecture.
Butler was among the original purchasers of lots in Catamount Ranch, not far from Alpine Mountain Ranch.
Daly told the gathering he hopes to obtain county approvals for the project by the end of June and begin construction on subdivision roads and a bridge over Walton Creek this summer. He would like to begin building an owners lodge, barn and ranch manager’s residence this summer, with completion targeted for summer 2007.
Daly is a former president and CEO of Copper Mountain and later Vail Associates (which became Vail Resorts).
Alpine Mountain Ranch is planned as a “land preservation subdivision” under county planning regulations. It would set aside 900 acres of its total from development, and of those 900 acres, 500 have been identified as a wildlife preserve.
The ranch was to have 43 home sites. However, under the recent revisions to the LPS regulations, Alpine Mountain Ranch could be used as a pilot program in which development rights would be transferred to the ranch from another parcel on the valley floor. That could create up to 20 additional “contingency lots” at Alpine Mountain Ranch.
The intent is to avoid disturbing productive hay meadows and shifting the 20 homes to the hillsides surrounding the valley, where it is easier to use terrain and vegetation to screen views from the valley floor.
Daly said the LPS process, and specifically the transfer of development rights, holds the potential to reward developers and the broader community.
“It could result in setting aside 450 acres on the valley floor that will never be developed,” Daly said. “That would be a wonderful benefit for all who live in Routt County.”
Daly said he and Butler have learned from experience the level of services second-home owners expect with developments such as Alpine Mountain Ranch. They will provide an on-site concierge to arrange airport transfers, dinner reservations, stock homes with provisions and even decorate Christmas trees.
“Those are services we’ll provide for our homeowners on a daily basis,” Daly said. “We want to provide an environment that is trouble-free and worry-free to the extent we can.”
The ranch will have an extensive trail network and an owners lodge adjacent to a 2.5-acre fishing lake. The developers will build a lodge and a “hermitage” retreat. Weekly dinners will be served at the lodge to promote the development of personal relationships among the owners, Daly added.
Alpine Mountain Ranch has purchased 30 transferable premier memberships at Catamount Ranch to allow its homeowners an opportunity to enjoy the golf and facilities at Lake Catamount. They would be resold to members on a first-come, first-served basis.
Daly said Alpine Mountain Ranch would share the drinking water system with neighboring Priest Creek Ranch development and pursue the creation of a metro district.
— To reach Tom Ross, call 871-4205 or e-mail firstname.lastname@example.org