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December 6-19, 2017 Page 23

www.crej.com

For Sale

VAIL VALLEY

Development Opportunity

Boulder

Denver

Northern Colorado Laramie

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Colorado

by Jennifer Hayes

In January, the 5,000-acre Gran-

by Ranch in Granby will officially

be on the market.

The Cipriani family, which

acquired the property 22 years

ago, when it was known as Silver

Creek, has opted to sell Granby

Ranch, which since their acquisi-

tion has seen the development of

a golf course, improvements to

skiing, the addition ofmajor infra-

structure and community trails,

building of homes, the securing

of water rights and donation of

land for a medical center, recre-

ation center and affordable hous-

ing.

Today, the four-season recre-

ational community with more

than 600 families includes 400

acres for skiing, 34 miles of trails

for hiking and mountain biking,

an 18-hole championship golf

course and more than 3 miles

of private fly-fishing water along

the Fraser River. The community

is entitled for more than 4,300

residential units and 1.3 million

square feet of commercial space,

and is planned for additional rec-

reational amenities.

“After 22 years of heavy lifting,

my family and I have decided

to make a change in our lives. I

personally have been living about

6,000 miles away from my hus-

band of 38 years for over two

decades. My daughter just got

married and wants to start a fam-

ily. So I want to dedicate my time

now to my family and the next

phase of my life,” said Marise

Cipriani, who led the project with

her daughter and CEO, Melissa.

“As such, my family and I have

decided to list the Granby Ranch

property for sale beginning Janu-

ary 2018. I feel that the Granby

Ranch community is poised for

great growth and opportunity. I

believe under new stewardship

and guidance, the vision and full

potential of Granby Ranchwill be

realized. It is with heartfelt grati-

tude that I thank all those who

have shared in this vision tomake

Granby Ranch their home.”

CBRE is marketing the proper-

ty 90 miles west of Denver and 15

miles north of Winter Park. The

listing team comprises Eric Roth

andMartin Roth, both senior vice

presidents with CBRE Land Ser-

vices inDenver, and Jeff Woolson,

an executive vice president with

CBRE, who serves as the manag-

ing director of its Golf and Resort

Group.

“Aresort communityof this size

located only an hour and a half

from the thriving and expanding

Denver population is very rare.

Further, the existing infrastruc-

ture and recreational amenities

would be a challenge to replicate

today. Given the site’s significant

scale, it is uniquely positioned to

offer product at every price point

and has a bright future ahead,”

noted Eric Roth.

Other News

n

Developers celebrated the

topping out of Limelight Snow-

mass, a 99-room hotel that is part

of the Snowmass Base Village

Development, a $600 million col-

laboration between

East West

Partners, Aspen Skiing Co.

and

KSL Capital Partners.

“We've spent the last decade

upgrading theon-mountainexpe-

riencewith tens of millions of dol-

lars of improvements and now

we are excited to bring the base

of the mountain up to the next

level,” said

Mike Kaplan,

CEO

of Aspen Skiing Co. “Snowmass

will realize its full potential as

one of the best year-round moun-

tain resorts in NorthAmerica. We

are also thrilled to have the third

Limelight Hotel be part of the

mix, and incorporate everything

we have learned from the first

two Limelight properties.”

This construction milestone

signifies the completion of the

steel and concrete frame of the

building. Approximately 630

tons of steel have been used to

construct the five-floor, approxi-

mately 118,000-square-foot hotel,

with about 85 workers on site

on any given day.

OZ Architec-

ture

headed the design team

for the mountain contemporary

building. Interior design was by

Stonehill & Taylor.

Construc-

tion on the Limelight Snowmass

Granby Ranch coming to market early next year Please see Limelight, Page 39

The 5,000-acre Granby Ranch is entitled for more than 4,300 residential units and 1.3 million square feet of

commercial space.