This luxury Vt. development hasn’t been built yet, but it’s one-third sold
One Spruce Peak will offer 27 floor-through, ski-in/ski-out residences. Pricing starts at $2.1 million and runs up to $10 million.
In April, developers will break ground on One Spruce Peak where there once was a parking lot at the base of Mount Mansfield in Stowe, Vt.
This, the latest real estate project from Spruce Peak Realty, the developers of Spruce Peak Village, is set to be the pinnacle of the mountainside luxury home complex when it is completed by fall 2021.
One Spruce Peak will amount to 27 floor-through, ski-in/ski-out residences with private direct-access elevators, ranging from 13 three-bedroom homes averaging 2,442-square feet to five-bedroom penthouses, the largest of which will have 4,705-square feet of interior space and 1,186-square feet of outdoor space. Pricing starts at $2.1 million and runs up to $10 million.
Though groundbreaking for the six-story building isn’t slated until April, one-third of the proposed homes have already been sold, raking in around $20 million of an estimated $85 million total.
This is Spruce Peak Realty’s third major luxury residential development at Spruce Peak in the past four years, and follows The Club Residences, which added 19 homes in 2016, and The Town Homes, which opened in 2018 with 18. Both sold out before completion, and One Spruce Peak is expected to follow suit.
“One Spruce Peak is the jewel of the development,” said Sam Gaines, Spruce Peak Realty president, who lives in Stowe with his family. “It has the mountain on both sides, and these 27 floor-through residences have Spruce on one side and Mansfield on the other.
“Every residence has a great room looking onto Mount Mansfield,” he continued. “The design makes it like the walls vanish and you are in the mountain.”
In 2016, Spruce Peak Realty completed development of the village area’s shopping; numerous dining options; 10,000-square foot ice rink, which is converted into a village green every summer; 450-seat performing arts center; and a 20,000-square foot members-only clubhouse. The adjacent Lodge at Spruce Peak hotel has 250 rooms and suites, including some residences, and offers a 20,000-square foot spa and an outdoor heated pool with two hot tubs. There is also a Bob Cupp-designed golf course on property, too.
There are still two more land parcels at Spruce Peak to be developed, but those would not be on the lavish scale of One Spruce Peak.
“This is the last plot for larger luxury homes,” Gaines noted. “The two medium parcels may be developed, adding around 100 units total, but there’s nothing that has the location and views of One Spruce Peak.”
The interiors feature up to 20-foot-high floor-to-ceiling windows with unimpeded views of Mount Mansfield, Vermont’s highest mountain. Interiors feature locally sourced marble from Danby and local schist stone. Oak flooring and granite hearths add to the rustic look, implemented by Vermont-based interior designers TruexCullins.
The exterior, overseen by architects Bull Stockwell Allen, has a modern alpine lodge design that incorporates underground parking.
Spruce Peak is a year-round resort and, during construction, the hotel and the village will maintain business as usual, Gaines said.
“There won’t be that much visible to visitors and other residents, and construction vehicles will have their own access. Construction is never completely pretty,” he added. “But you won’t really see it, so the impact will be fairly light.”
For more information: One Spruce Peak www.onesprucepeak.com.
See more renderings of the project below:
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