Inaugural Leslie Hindman Real Estate Auction Launches in Vail, CO
Leslie Hindman Auctioneers is delighted to announce the formation of Leslie Hindman Real Estate Auctions. Our inaugural auction is an exciting development opportunity within the Four-Diamond Vail Cascade Resort & Spa.
Situated between the Vail Cascade Hotel and the Aria Spa and Club, the 22,000-square-foot Cascade Village Building has been home to many tenants since its construction in 1981-1983, including Colorado Mountain College and The Cascade Village Theatre.
The Town of Vail approved the Cascade Village Building in 2005 for the development of luxury condominiums and retail space. The decision was made not to proceed with the project in 2008 due to declining economic conditions. However, after a change in ownership, it is now privately owned and retains the entitlements for the development of 14 luxury condominiums totaling 31,000 square feet, with direct ski-in, ski-out access and full resort hotel amenities. The approvals also allow for approximately 5,000 square feet of retail/office/commercial space.
These approvals, which are in place through June 2015, potentially grant long-term benefits from adjacent development opportunities and future events in the Vail community. Current plans for the nearby proposed LEED certified 12-acre site of the Ever Vail Development Community include a new gondola, hotels, restaurants, residential and retail opportunities. In 2015, Vail will also see the return of the World Alpine Ski Championship, a celebrated bi-annual international event that was last held in Vail in 1999.
The Cascade Village Building will be auctioned via submission of sealed-bids with a deadline of January 3, 2013. The property will be available for viewing December 25th – January 3rd.
To launch Leslie Hindman Real Estate Auctions Susan Bird has joined our firm as Managing Broker. Ms. Bird has 25 years experience as a real estate professional, including 10 years in luxury real estate auction business.
If you would like any information regarding the Cascade Village Building or Leslie Hindman Real Estate Auctions, please contact Scott Thompson at 312.334.4205; Susan Bird at 970.376.3233; or visit www.lhrealestateauctions.com.