East West breaking ground on Ritz Carlton
Posted: 7/18/2006
Special to Truckee Today
Developers will break ground this week on a new luxury Ritz-Carlton Hotel on the slopes at Northstar-at-Tahoe.
The 172-room Ritz-Carlton Highlands, Lake Tahoe hotel is scheduled to open in late 2009 as part of a $300 million resort at Truckee with ski-in, ski-out town homes, condominiums, restaurants, swimming pools and a spa. The hotel will be modeled after upscale mountain lodges built in the West a century ago.
The developers have brought in a press junket this week to publicize the area's first five-star luxury resort. The visitors will be among the first to stay at the new Village at Northstar and will be touring East West Partners' other residential-resort properties at Gray's Crossing and Old Greenwood, which are being built under the umbrella name of Tahoe Mountain Resorts.
Ceremony Wednesday
The groundbreaking ceremony Wednesday will be attended by Bill Rhodes, senior vice president, The Ritz-Carlton Carlton Hotel Company; Denny Alberts, president and chief operating officer, Crescent Real Estate Equities Company; Harry Frampton III, founder and managing partner, East West Partners; Mark Hornberger, principal for design at Hornberger + Worstell Architects; Greg Faulkner of Faulkner Architects; and local dignitaries.
East West Partners, veteran developer of award-winning resorts at prime ski locations in Colorado and Utah, and its partner, Crescent Real Estate Equities Company, recently completed the first 100 slopeside luxury condos built at the base of Northstar-at-Tahoe Mountain ski resort. Starting this summer, the Village at Northstar's second development phase begins, which will total 213 condos ready for occupancy by the 2006-07 ski season.
'Destination resort'
The new hotel will be built with native granite and timber from the Sierra and feature steeply pitched roofs with shed dormers, sheltering porches and stone fireplaces in the lobby.
"It's a true destination resort in one of the prettiest areas on North America," Tom Dunlap, managing partner for the Colorado-based East West Partners, told reporters earlier this year when plans for the project were unveiled.
"It's located at about 7,200 feet where all the ski lifts depart from so you are right there in the heart of the mountain. You can literally ski from the hotel onto the lifts or back down the mountain to the hotel," he said.
The lead design architect said the hotel will differ from Ritz-Carlton's more traditional properties. Hornberger said it will be an upscale mountain lodge -- "a contemporary legacy of the great mountain lodges originally built in the West at the turn of the 20th century."
Besides the hotel, the resort will have 75 homes for sale and 77 other residences available as deeded time-shares.
The resort will border the 1,450-unit Highlands community that East West Partners and Crescent Real Estate Equities Co. are developing. It will have gondola access to the Village at Northstar, a collection of condominiums, shops, restaurants and ice skating rink at the base of the mountain.
Bruce Kranz, a member of the Placer County Board of Supervisors, said the developers have a strong track record of preserving the environment.
"The fantastic new complex at the Highlands will give the region not only a grand new hotel and increased luxury lodging and real estate options, but a host of new jobs, an increase in the tax base and a positive economic impact," Kranz said earlier this year.
The hotel will include 11,000 square feet of meeting space, including a 6,000-square-foot ballroom.
Old Greenwood is a 600-acre, year-round community that has sold 100 golf course home sites and has 159 fractional ownership residences.
Gray's Crossing covers 700 acres and will have shopping, dining, hotel lodging and single-family homes built around a private 18-hole golf course and club house. It's scheduled to be completed next summer.
The four communities, including The Ritz-Carlton Highlands, Lake Tahoe, are being developed with recycled materials, low irrigation plant material and passive solar energy. Materials will include recycled steel, native granite and exposed wood, logs and lumber from the Sierra Tahoe region.
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