KEYSTONE, Colo. (March 23, 2023) – Kindred Resort, the luxury ski-in, ski-out mixed-use development at the base of Keystone Resort, is soaring upward with the recent installation of two tower cranes.
Before PCL Construction could begin building vertically, horizontal work had to be completed first, a majority of which was completed during the winter months:
- Since mass excavation started in mid-November 2022, more than 18,000 cubic yards of dirt has been excavated and hauled off site.
- Since concrete work started in January 2023, more than 1,300 cubic yards of concrete has been placed.
“The PCL team has accomplished a lot in the past several months amid challenges of a snow-packed winter – close to 200 inches of snowfall so far this year,” said Mike Cartner, PCL construction manager. The installation of the tower cranes is an exciting milestone for the project and now stakeholders will start to see progress vertically as the resort really starts to take shape.”
Some of the immediate next steps for the project now that the cranes have been installed include pouring the first section of the elevated concrete slab and framing the west tower followed by the hotel.
The centerpiece of Kindred Resort will be a 107-room hotel managed by Vail Resorts under its RockResorts collection of luxury hotels and residences. The hotel will be flanked by two towers featuring 95 luxury residences ranging from one to four bedrooms. Vertical building of the project will continue through the spring of 2023.
“It’s exciting to see the project come to life,” said Ryan Geller, partner with the Kindred Resort team. “This project will transform the base area of River Run Village and bring a new level of luxury to guests and homeowners at Keystone Resort. This is the first new major development in Keystone in the past 20 years, and we are confident Kindred will further enhance and elevate the Keystone experience.”
“The demand for luxury ski-in, ski-out property is reflected in the success of our pre-sale of the units,” said Scott Russell, Managing Partner of the Kindred team. “More than 60 percent of the residences are sold with record-breaking square-foot pricing for the area. Just in the last month, three more residences went under contract with only five available residences remaining as part of the limited winter release.”
Kindred Resort will offer high-end amenities and services on par with those in Vail, Deer Valley and Aspen, including a private signature ski club with ski valet service, a full-service spa, an outdoor pool and hot tubs, plus a Kids Club. The retail space will include multiple restaurant concepts, as well as the new home for Keystone’s Ski and Ride School and a premium Vail Resorts Retail/Rental location. In addition, the resort will have ample meeting and event space with spectacular mountain views perfect for weddings, conferences and group business events.
“There is truly nothing like Kindred Resort in Summit County, or really in the mountain resort industry,” says Javier Monroy, partner in the Kindred development team. “Kindred is the best location of any new construction in the entire ski industry currently. The property is located just 50 steps from the River Run Gondola at a world-class resort. Keystone is consistently rated as one of the best family-friendly ski resorts in the country.”
Designed to Green Globe standards by OZ Architecture, the project blends luxury finishes, décor and an upscale design aesthetic with natural elements and best practices in sustainability.
“Kindred is moving forward and has nothing but positive momentum,” says Shervin “Shevy” Rashidi, a partner with the project and a long-time Summit County resident, entrepreneur and philanthropist. “We are creating an amazing asset to the community, which will create jobs, opportunities and a new energy for Summit County visitors and residents.”
The Kindred Team is comprised of long-time, local Colorado and global developers and hospitality professionals. Together, the team has worked on projects throughout Colorado, including Aspen, Vail, Summit County and Denver, in addition to Mexico, Florida and beyond. The team is responsible for more than $4 billion in projects that include mixed-use, commercial, hospitality, multi-family and residential subdivisions, and is known for their bold entrepreneurial vision to create thriving and vibrant spaces full of life, technology, innovation and culture. That’s the vision for Kindred Resort.
The Kindred team, along with their partners of PCL Construction, OZ Architecture and LIV Sotheby’s International Realty, broke ground in the fall of 2022. Opening date is projected to be in 2025.
For more information about Kindred Resort, please visit www.kindredresort.com or stop by the LIV Sotheby’s International Realty sales center at Expedition Station in River Run Village.
About PCL Construction
PCL is a group of independent construction companies that carries out work across the United States, Canada, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of more than $6 billion USD, making PCL one of the largest contracting organizations in North America. Watch us build at www.pcl.com.