The Breckenridge Town Council approved a density transfer of 60 single-family-equivalency units from the Mountain Thunder Lodge development on Park Avenue to the Peak 7 development area.
The Breckenridge Ski Resort is in the final stages of working out a development plan for the Peak 7 area with the Breckenridge Planning Commission. That process will determine how the 60 new units will fit in with the already approved 125 units, said Alex Iskenderian, vice-president of development for Vail Resorts Development Company (VRDC).
Most of the development on Peak 7 will be residential, with skier services and other commercial development to be added at a later time, when the Peak 8 base area is redeveloped. The Peak 7 project will include a stop for the gondola planned to run from town up to the ski area.
The Peak 7 development plan could soon gain final approval. Iskenderian said the hope is to start working on roads, bridges and utilities as early as May 2006, with the actual development beginning in the spring of 2007.
"We're very excited about the real estate market in Breckenridge," Iskenderian said, referring to sales at the Mountain Thunder project and the overall record level of property sales in town and the rest of the county in recent months.
The sales at Mountain Thunder helped Vail Resorts move ahead with the new Skyway Skiway project, giving skiers/riders direct access back to the in-town parking lots. Similarly, development and sales at Peak 7 are closely linked to the timing of the gondola construction.
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