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As reported in the Summit Daily News, February 28, 2009, by Robert Allen, homeowners of the iconic, 'Seventies-type feel' Village at Breckenridge have approved a $19 million refurbishment to begin in 2010. In need of an update, the homeowner's association general manager commented that "it was running second for the ugly award in town". [No report on what is first!!]
The buildings will get new roofs, decks, windows, railings, and the skins of the five buildings will be improved. The theme will be 'mountain elegance with historic features', and the existing Plaza III building will have a clock atop the elevator shaft. The ground level will be transformed so it will look like a village.
The Village includes some 235 residential and 28 commercial units. The residences range from 386 square feet to 1,800 square feet. The project will cost property owners an average of $76 per square foot.
Reports of possible 15 to 20 percent lower labor and construction costs, due to the national economic slump, and probable lower loan rates make the project feasable at this time. The price could actually come in at less than $19 million.
Project construction is to begin in April, 2010 and be complete in eight months. All five buildings will be improved simultaneously.
The HOA voted overwhelmingly to go forward on January 31, 2009. It is expected to go out to bid in April.
The project is hoped to make the Village area more vibrant, attracting more restaurants such as Teddeo's Italian Restaurant which recently moved to on of the Village buildings.
Improvements to the central deck area have been considered, but aren't included in the project price.
For more information about the Village, contact Susan Gunnin.
