Vail Valley, CO (April 2, 2010) — Cordillera Development LLC has announced the unveiling of the Cordillera Residence Club, situated on the hillsides overlooking the Vail Valley and surrounding the private golf courses at The Club at Cordillera. Inspired by the villas and estates found throughout Europe, these spacious homes feature extraordinary details and approximately 4,000 square feet of interior living space. Sold in shared equity interests, the homes will provide owners with private and frequent access to Cordillera and the Vail Valley, while significantly reducing the purchase expense and associated maintenance costs related to owning a larger second home.
The Cordillera Residence Club homes were designed to easily accommodate family and friends, or for the quiet enjoyment of individual owners. The homes will also serve as a base from which to explore all of Eagle County, including the nearby resorts of Vail, Beaver Creek, Arrowhead and Aspen. Included in the shared ownership home price are full, private club memberships to The Club at Cordillera and Cordillera Vail Club. Each unit is also located just steps away from the world class Lodge & Spa at Cordillera.
“As we all know, trends in second home ownership have shifted in recent years due to a variety of factors, including shifts in personal lifestyle preferences,” said Patrick Wilhelm, vice president of development at The Club at Cordillera. “By introducing shared ownership opportunities at Cordillera, we will continue to expand upon the lifeblood of our community, while offering an alternative product that is fine-tuned to the wants and needs of today’s luxury seeker.”
The Club at Cordillera is a 7,000-acre exclusive private club community, and recreational paradise, nestled between majestic peaks of the Colorado Rocky Mountains in the Vail Valley. Among a plethora of family-friendly activities and programs, members enjoy three 18-hole, championship golf courses, a Dave Pelz-designed Short Course, five tennis courts, four swimming facilities, private fly fishing on the Eagle River and miles of hiking, mountain biking, snowshoeing and Nordic skiing trails.
Cordillera Residence Club homes come fully furnished, from the floor coverings and linens, right down to the original artwork. Maintenance, landscaping and care of these homes will be handled by The Club at Cordillera so that owners and their families can spend more time enjoying all that Cordillera and the Vail Valley has to offer.
Currently, only five Cordillera Residence Club homes have been authorized for the development’s first phase. Each home is built to take advantage of the unique attributes of its location, offering magnificent views of the fairways, forests, valleys and rolling hills. The interior design finishes have been hand selected for each home and include custom-selected art and designer furniture pieces.
- Cordillera Residence Club Home Memberships are available in one-quarter shares, allowing 90 nights per year, with a maximum of four owners and a minimum of two owners.
- Owners will be granted full memberships to The Club at Cordillera and Cordillera Vail Club.
- Members will receive a deed for a quarter share of the home of their selection, giving them the ability to finance the purchase, and also realize the appreciation of the Membership at sale.
- Legacy Memberships are available to an owner’s parents or adult children, providing access to all that Cordillera offers.
- Memberships are designated to the Cordillera Residence Club home residence they select.
- Future plans for other clubs may be available for club home exchange.
- Specific terms and conditions of the Cordillera Residence Club Home Membership are outlined in the Membership documents, available upon request.
About the Wilhelm Family Partnership
David Wilhelm has been a high-end real estate developer for over 40 years. After developing office buildings and mixed-use projects in St. Louis, Mo., Wilhelm began creating exclusive golf and resort properties in the 1990s, and in 1996, joined forces with Jim Light and Jim Chaffin to develop the Roaring Fork Club in Basalt, Colo. In 1997, he was the developer of the Wild Horse Club in Edwards, Colo., which later became the Cordillera Valley Club. As owner of the Cordillera Valley Club, he became part owner of all of the Cordillera Properties, and in June 2009, took over full ownership of The Club at Cordillera. In 1998, Wilhelm was the lead partner in the development of the Mayacama Club in Sonoma, Calif., which today is one of the most prestigious private golf club communities in the world. Most recently, he is the co-managing partner in the Wind Rose development project in Aspen and Basalt, Colo. The Wilhelm Family Partnership includes David and his four children, Elizabeth, Patrick, Jonathan and Nicholas, who work and serve as officers in the various companies.
SOURCE: Cordillera Development LLC