One River Run Keystone Condos:
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KEYSTONE, Colo. – Feb. 11, 2019 – Vail Resorts announced today that the sale of a parcel of land at the base of the River Run Gondola in Keystone to Colorado-based One River Run Acquisition, LLC (ORRA) has closed.
The One River Run project has been envisioned as part of the Keystone Planned Unit Development (PUD) for more than two decades. It represents a critical piece of the Keystone base area and will further define Keystone as an iconic North American mountain resort.
“We look forward to collaborating with the Keystone community throughout the development process to significantly enhance the tremendous destination that Keystone represents and create added value and enjoyment for locals and destination guests,” said ORRA partner, Shervin “Shevy” Rashidi. “As a member of the Keystone community for more than 25 years and owner of multiple area businesses, I am extremely proud to be a part of the team that will develop a premier base area project at Keystone.”
On the four-acre site located adjacent to the River Run Gondola terminal, the developer is proposing a full-service 107-room RockResorts-branded hotel, spa, restaurant, and banquet space to be managed by Vail Resorts’ hospitality division, approximately 95 residential condominiums, and more than 12,000 square-feet of commercial space, including third-party-operated restaurant and retail space.
“This sale to a Colorado-based third party provides a tremendous opportunity to add a vibrant mix of lodging, retail and services to a prime parcel of land at Keystone Resort and a prominent gateway just steps away from the mountain,” said James O’Donnell, executive vice president of hospitality, retail and real estate at Vail Resorts.
One River Run Acquisition, LLC (ORRA) is made up of a group of seasoned Colorado developers. The organization’s development experience includes commercial, multi-family, mixed-use, residential, medical facilities, hospitality development and building, managing and operating more than 200 Yum! Brands properties. In addition, the group has deep ties to Summit County and Keystone including ownership of Base Camp Wine & Spirits, Sauce on the Blue, the Inxpot, and Sauce on the Maggie.
Keystone Resort features more than 3,000 acres of skiable terrain, an average of 300 days of sunshine a year, convenient lodging and a variety of on- and off-snow activities, making it the ideal location for winter and summer vacations. As one of the closest ski resorts to Denver, Keystone is the ultimate family resort destination. Convenient touches like front-row family parking and complimentary red wagons to help parents tote gear and kiddos to and from the slopes help make a family visit to Keystone easy and hassle-free.
Update February 2, 2019: Developer closes on purchase of Hunki Dori Parking Lot with big plans for One River Run. Plans are moving forward with the development of the One River Run hotel and condominium site in Keystone. The hotel will be branded a Rock Resort with the highest quality amenities in Keystone Resort. Please contact me if you would like to be kept informed of opportunities as new information is available. https://www.summitdaily.com/news/keystone-resorts-honki-dori-parking-lot-sold-to-developers-with-big-designs/
Update August 1, 2018: The developer has submitted their application to work on finalizing the plans for the One River Run development in Keystone, CO. The current application has plans for 107 hotel rooms and 95 condominiums which would be offered for sale. There is still a fair amount of due diligence to happen before we will see One River Run for sale in Keystone, but they moving ahead full steam ahead.
One River Run is poised to be Keystone's premier development at the base of the Gondola in what was previously the Hunki Dori parking lot. One River Run had previously been approved for 183 units and a developer is currently working on finalizing plans for the project to get off the ground. One River Run will be sure to feature high end finishes and world-class amenities for Keystone owners and guests. If you'd like to keep informed about the development let me know and I can include you in all future information regarding One River Run.
Please contact Dave Greenberg for additional details on this upcoming project. 970-393-0769
Here are some pictures of the One River Run site at 75 Hunki Dori Court, Keystone, CO 80435.
Stop by my office located right in River Run Village by the firepit and ask for Dave Greenberg. We can have a coffee and chat about the upcoming One River Run project and your real estate objectives.
All details are subject to change at any time.