Vermont Developer Plans Luxury Slopeside Project in Stowe
Spruce Peak Realty next month will begun construction on One Spruce Peak, a luxury mountain residential development at the base of Stowe Mountain Resort in Stowe, Vermont.
The six-story, 117,000-square-foot property will feature 27 “ski-in/ski-out” residences between slopes at Spruce Peak Village and Mt. Mansfield, Vermont’s tallest mountain.
One Spruce Peak — which its developer says is “the pinnacle of alpine living” — will include private in-residence elevators, floor-to-ceiling windows, ceilings of up to 20 feet in height with mountain views, gas fireplaces and a smart home system.
The development is the third major luxury residential project Spruce Peak Realty has developed in the past four years. The company has developed more than $400 million in infrastructure, amenities and residences since 2003.
“One Spruce Peak is the culmination of everything we have been creating here at Spruce Peak for the past 15 years,” said Sam Gaines, president of Spruce Peak Realty, in a statement. “Occupying the best site in our community, this collection of residences will achieve a superior level of design while remaining true to our Vermont roots and our surroundings.”
Spruce Peak Realty has also developed 18 Village Townhomes, which sold out last year for a combined $34 million, as well as the Mountain Cabins and Club Residences.
San Francisco-based Bull Stockwell is One Spruce Peak’s architect, while Burlington, Vermont-based TruexCullins is the interior designer.
Prices for the 27 units start at $2.05 million, while penthouses range in price from $7 million to $10 million.
One Spruce Peak is expected to be complete in December 2020.