Plans have been announced for the construction of two dozen high-end condominiums that will go up adjacent to the popular Blake Hotel in Taos, New Mexico.
The Taos Ski Valley condo project is just one more in a series of expansive upgrades and renovations at the ski resort that have included the $65 million construction of the Blake Hotel itself, as well as a new lift taking skiers to the top of the 12,400-foot Kachina Peak.
Altogether, around $330 million is being spent on Taos Ski Valley projects. According to a Village of Taos economic development document, that money will go mostly for hotel, retail, and condominium developments, along with new snow making equipment.
In return, the Village is spending around $54 million, financed mostly through a Tax Incremental Development District, on necessary infrastructure improvements at the resort.
The Blake Residences condos will feature one, two, and three bedroom units with a Native, New Mexico, and European interior design theme.
Owners of the new condos will also have access to the Blake Hotel’s wellness center, spa, hot tubs, and swimming pool
Prices for those units are set to start at $1.3 million.
The new condos are a part of an overall Taos Ski Valley strategy giving visitors a greater stake in the resort.
“We’ve been intentional about the size, details, and services that will go into The Blake Residences,” David Norden, chief executive officer of Taos Ski Valley, said in a statement.
“We know they will complement and enhance our revitalization efforts, and will offer homeowners an unparalleled resort experience year-around.”
The condo construction is expected to start later this spring, with an anticipated late 2020 completion date.
Founded in 1954, the Taos Ski Valley was purchased by billionaire hedge fund manager Louis Bacon in 2013.
By Garry Boulard
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