Revelstoke First realty offerings sold out Revelstoke Mountain Resort sparks international buying interest
HOME SWEET HOME: The new resort village, Nelsen Lodge, at Revelstoke Mountain Resort has attracted the attention of buyers from all over the world.
In just three hours, the first real estate offering of the upcoming Revelstoke Mountain Resort was snapped up by buyers from across Canada, the U.S. and Europe.
In order to meet the unprecedented demand from buyers on the floor, Revelstoke Mountain Resort was able to release a second building, which was not anticipated to hit the market until fall of 2007.
By the end of the day, over 80 per cent of the second building was sold, totaling the sale of over $60 million dollars in pre-construction real estate, marking a new day for the mountain community and a clear indication that Revelstoke is poised to be North America's most impressive new mountain resort.
Sotheby's International Realty Canada expects the few remaining homes to be sold before the end of the week. More than 4,000 registrants have flooded the sales team over the past two months.
“We anticipated the response to the first real estate offering would be large, but the demand has exceeded even our highest expectations,” said Ross McCredie, president and CEO of Sotheby's International Realty Canada. “Clearly, these buyers understand the future value of this resort, and its place among the most unique mountain playgrounds in the world.”
Revelstoke Mountain Resort developer Don Simpson, chairman of Simpson Property Group Canada, said he is thrilled—but not surprised—by the response to Nelsen Lodge from Canadian and international investors.
“I’ve been skiing in this area for years and it really is truly incredible. Soon we will be able to offer ski in, ski out real estate at the base of North America’s longest skiable vertical.”
Simpson is based in Denver, Colorado and develops multi-family properties throughout the U.S. Simpson partnered with Hunter Milborne and Robert Powadiuk from Toronto, Ontario to develop the resort.
He noted that Revelstoke will be North America’s premier one-stop shop for skiers of all levels. World class heli-skiing, cat and lift skiing are all accessible from the new village.
Nelsen Lodge, named in honour of famed Revelstoke ski jumping champion Nels Nelsen, is at the base of what will be North America’s longest vertical descent, 6,000 feet, and just steps away from the anticipated Village Heli-Centre that provides access to 500,000 acres of the world renowned Selkirk Tangiers Heli Skiing terrain, which will be owned and managed by Revelstoke Mountain Resort.
The majority of homes—56 per cent—were bought by U.S. buyers. Among them were Derek and Wendi Pajet, who drove to Revelstoke from Donelley, Idaho, to make sure they got the one-bedroom condo they wanted.
“We like the quality and the real estate opportunity that Revelstoke has to offer,” Pajet said. “It has exactly what we want for a second home. The development is above and beyond what we were expecting, from the size of the mountain to the convenience of the Heli-Centre. It is far superior to anywhere else we have visited.”
Sotheby’s McCredie said the quality of the architecture and construction of Nelsen Lodge sets it apart from other ski resort developments.
“Most of the ski product out there is stick frame and straight lines,” he said. “We describe Nelsen Lodge as ‘Concrete and Curves.’”
Sotheby’s International Realty Canada is the nations leading marketer of luxury real estate. The company and its clients enjoy exclusive access to their global network of discriminating clients, recently opening sales offices across Canada in addition to marketing over five billion in new luxury developments, including the Four Seasons Private Residences Toronto, The Private Residences at Hotel Georgia and a host of luxury residential and recreational new properties.
Sotheby’s International Realty Canada is headquartered in Vancouver, British Columbia and is located on the World Wide Web at www.sothebysrealty.ca.
Additional information about the resort and registration for upcoming real estate opportunities is available at www.discoverrevelstoke.com.
Key Revelstoke contacts
A mortgage to suit you Buying a home is the investment of a lifetime. There are a variety of mortgage terms available and this can be overwhelming for the homebuyer. Our experienced and knowledgeable lenders will guide you through the process to ensure you feel confident about the choices you make. We also specialize in commercial loans.
Save on your insurance needs. You don\'t need to be a Credit Union member to purchase insurance through RCU Insurance Services Ltd. Everyone is welcome!
Revelstoke Credit Union Revelstoke, BC PHONE: (250) 837-6291
WEBSITE:
Real Tires for Real People Whether you're taking the kids to the ball game, on the way to a meeting or feeling the curves of your favourite stretch of highway, TOYO has the perfect tire to match your driving needs. Carefully thought out designs using leading edge technology ensure the safest and most reliable product possible. You deserve the best! Find them at Revelstoke Excel Tire Centre.
Revelstoke Excel Tire Centre Revelstoke, BC PHONE: (250) 837-4942
WEBSITE:
On the forefront Selkirk Metals owns three excellent properties (LJ, Kneb and Ghost Properties) all within a short distance of Revelstoke, B.C., just north of TeckCominco's Trail smelter. The properties are located within the productive Kootenay Arch carbonate belt of zinc-lead-silver mineralization. The proximity to the Trail zinc-lead-silver smelter complex enhances the economic potential of any discovery made within these properties.
Selkirk Metals Suite 800 1199 West Hasting St Vancouver, BC PHONE: (604) 687-2038
WEBSITE:
Reaching MAX potential Roca Mines Inc. is focused on the outstanding mineral exploration and development potential located within British Columbia. Roca's primary asset is the MAX Molybdenum Project, located 60 kilometres southeast of Revelstoke, B.C. MAX is Canada's first new primary molybdenum mine in more than 30 years and B.C.'s first brand new metal mine in a decade. Regional economic benefits have already been realized, with community well-being and employee health as our primary goals Local environmental protection and community involvement are cornerstones to our success. Initial molybdenum concentrate production from the MAX Mine commenced in late 2007. Roca Mines Inc., and our wholly-owned subsidiary, FortyTwo Metals Inc., thank everyone who has taken part in building this exciting B.C.-based project.
Roca Mines Ltd 490 - 1122 Mainland St Vancouver, BC PHONE: (604) 684-2900
WEBSITE:
Surrounded by gorgeous forests, lakes and some of the highest snow-splattered peaks in the Rockies, the booming resort town of Revelstoke is a mountain lover’s paradise. And if you’ve got a weakness for classic golf courses, well, you have also hit the jackpot! The Revelstoke Golf Club is simply one of the finest mature layouts in B.C.
Whether you are looking for a well-deserved family vacation or a weekend getaway with a little adventure, the Hillcrest Hotel, a Coast Resort, offers packages and specials coupled with superb facilities, comfortable accommodations and unsurpassed service. Or stay at Revelstoke Days Inn & Suites. Offering handsomely appointed, well-equipped rooms and suites with a contemporary European flair complemented by excellent hospitality at exceptional value.
Revelstoke Golf Club Revelstoke, BC PHONE: (250) 837-4276
WEBSITE:
Gateway to Adventure Radium Hot Springs has it all: unlimited outdoor activities, fine dining, golfing, skiing, natural hot springs pools and the most beautiful scenery you can imagine. Located on the warm side of the Canadian Rockies, Radium Hot Springs is British Columbia’s best mountain getaway village. A short three-hour drive from Calgary, Alberta, at the south entrance of Kootenay National Park, this mountain village has something to please everyone’s tastes.
Radium Hot Springs Chamber Of Commerce Radium, BC PHONE: (250) 347-9331
WEBSITE:
City of Revelstoke Surrounded by a vast mountain playground, the city of Revelstoke is a place of unforgettable adventures. From mountain biking, fishing, white-water rafting and canoing to skiing, snowmobiling, horseback riding and ATVing—the list goes on and on. The community is also home to a thriving arts and cultural scene that is expressed at events and festivals held throughout the year. Revelstoke's downtown area boasts a variety of quaint boutiques, casual coffee bars and excellent restaurants that are all within walking distance.
Whether you want to embark on a wilderness adventure or enjoy a night on the town, Revelstoke is a sure bet for a memorable vacation.
City Of Revelstoke Box 2398 Revelstoke, BC PHONE: (250) 837-5345
WEBSITE:
