OFFICIAL PRESS RELEASE FROM SCHWEITZER MOUNTAIN RESORT: Schweitzer Mountain Resort has announced that it will add 20 new residences to
its signature residential property the White Pine Lodge. The four-story
addition will add sixteen two-bedroom/two-bath homes and four
three-bedroom/three-bath homes. The three-bedroom homes will be designed as
lock-off units allowing for varied configurations for owner rental and
usage.
"These are whole
ownership residences in the heart of the village" explained Rod Engel, Schweitzer's Director of Real Estate,
adding, "historically this has been the most successful project on the mountain
in terms of sales prices and is also in the highest demand from our lodging
guests."
The first phase of
the White Pine Lodge was completed in 2002 and included fifty homes. Located in
the center of Schweitzer Village it includes 5,000 square feet of commercial
space and a variety of amenities include fitness center, owners lounge, owner
and guest ski storage and terrace with several hot-tubs that face east looking
out over Lake Pend Oreille.
"The overall market
for real estate at Schweitzer has improved dramatically over the past two years"
explained Patrick Werry of Century 21 Riverstone. "The sale and the scheduled
completion in 2014 is timed well, given what we believe will be a market that
continues to strengthen."
The expansion of the
White Pine Lodge is the fourth major real estate development undertaken at
Schweitzer in the past 14 years dating back to the redevelopment of the Selkirk
Lodge in 1998. "Our goals as owners of the resort are to incrementally grow and
diversify the lodging and real estate mix available on the mountain" explained
Tom Chasse, President of Schweitzer
Mountain.
"We want to grow logically and conservatively as the demand in the
region warrants. We are fortunate compared to many resorts across the west that
were over-built and over-priced and are still
struggling".
Schweitzer expects
to release the final pricing for homes in early February and will begin selling
units at that time with construction scheduled to begin as early as summer of
2013. Lydig Construction of Spokane who built the original White Pine are
expected to build the project which is being designed by Seattle based
Collins-Woerman Architecture.
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