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Associate Broker
Steamboat Springs, Colorado
peggy@realestateinsteamboat.com About Peggy Wolfe cell: 970.846.8804


350 South Lincoln Avenue
Steamboat Springs, CO 80477


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Edgemont Escape

August 22nd, 2008

                Escapes

BREAKING GROUND

              Edgemont

 WHAT Residential project at a ski resort.

 WHERE Steamboat Springs, Colo.

 AMENITIES Ski-in, ski-out access and a pool area, among others.

 PRICES Residences range from about $800,000 to more than $2.5 million.

 STATUS Sales begin in April, and the opening of the project is expected      around late 2009.

 DEVELOPER The Atira Group.

 DETAILS Steamboat Springs, in northwestern Colorado’s Yampa Valley   about 150 miles from Denver, was incorporated more than a century ago.  Now Ski Town USA, as it has dubbed itself, is full of resorts and residential developments, especially around the namesake ski area on 10,568-foot Mount Werner, and many new projects are on the way. This one, approved a little more than two months ago, will consist of 124 one- to four-bedroom residences in nine buildings just above the base village.

 Two of the buildings will be filled with condos, and the rest will be smaller structures with duplex units. All the units will have views of the mountain, and they will range from 900 to 4,300 square feet. There will be a heated outdoor pool, whirlpools and a fire pit, and within the building will be lounges, rooms for spa treatments, a fitness center, ski lockers, a game room and a media room with a flat-screen TV. But what will surely be the project’s main draw is its close proximity to the resort. On either end of the site are a gondola and an express lift, providing access to 165 trails and nearly 3,000 acres of terrain. The Yampa Valley Regional Airport is about 22 miles west in Hayden, Colo.

 www.nytimes.com

Premium resort projects move

August 22nd, 2008

Colorado’s mountain resorts haven’t escaped a downturn in the economy, but premium product at premium locations is unscathed.

The Atira Group recently presold $45 million in a single day at Edgemont, kicking off construction of the first phase of the high-end residential development on the slopes at Steamboat Ski Resort. Sales averaged $2 million.

“I think what we have in Edgemont and what you’ll continue to see in the market is a quality location and a quality project. The better projects in the best locations with good partners and capitalized well will be the success stories in this market,” said Gerry Engle, The Atira Group founding partner.

According to Engle, a longtime resort developer, residential sales in Steamboat Springs and other mountain resorts are down year over year. “I think in every market, you see year-to-year decreases in overall volume – not drastic, but certainly a decrease,” he said, estimating Steamboat Springs has declined 18 percent to 20 percent since peaking last year.

In Vail, slow sales have stalled some developments, yet premium product like the Four Seasons and Ritz-Carlton is moving ahead as the resort community’s nearly $2 billion renaissance continues. The Residences at Little Nell in Aspen experienced strong sales, and Snowmass Village also is doing well with Little Nell and Viceroy branded resorts, said Engle.

“They are all premium locations, premium brands, which I think is also a key thing,” he said. “I think you’re going to see more of that.”

With Edgemont, “I think there was pent-up demand for a ski-in, ski-out product,” said Engle, adding, “I think we really had the market because of the location and the concept.”

Edgemont’s residences, situated just above the base area between the gondola and Christie Peak Express, will have open floor plans, views and amenities including an outdoor heated pool, hot tubs, fire pit, ski lockers, family game and media rooms, a fitness facility and underground parking. There will be approximately 42 residences in the first building and approximately 130 at build-out.

Initial sales ranged from $900,000 to $4.8 million, attaining a new price point for the market at an average $1,150 per square foot. The launch drew buyers from Texas, Southern California and the Midwest, including former White House counsel Jack Quinn.

Edgemont’s first phase will be delivered within approximately 18 months. The development is designed by OZ Architecture. S&P Destination Properties is the listing broker.

The Atira Group, developer of Granby Ranch in Granby, also is working with Cafritz Interests to redevelop Ski Time Square and the Thunderhead Lodge at the Steamboat base area into a new mixed-use neighborhood. Plans

are in the entitlement process.

by Jill Jamieson-Nichols Colorado Real Estate Journal

One Steamboat Place

August 18th, 2008

One Steamboat Place is an integral part of the revitalization of Steamboat’s base area and a member of the “Steamboat Unbridled” campaign. The base area redevelopment vision, named Steamboat Unbridled, is a $23 million, multi-year project that encompasses improvements from infrastructure to signage.

When builders started developing Steamboat’s base areaforty years ago, their thoughts were mostly focused on skiing. Steamboat Unbridled’s vision will create a destination where visitors and residents alike will want to spend time year-round. The seasonal day lighting of Burgess Creek will give the area back its original summer state while enhancing the visitor experience with bridge crossings, gathering areas along the creek, large lawn areas and improved mountain bike trail connections. In the winter, the promenade will provide a more clear separation between skiers/snowboarders and pedestrian traffic.

Already underway are utility upgrades, roadway and pedestrian circulation projects, transit improvements and streetscape beautification projects. Coming soon is the development of the Burgess Creek Promenade from One Steamboat Place to the Thunderhead building, which will create a better interface from Gondola Square to Ski Time Square. With improved way finding and better signage from Mt. Werner Road as well as at the base area, guests will have a better sense of entry into the resort.

The approach to the ski area along Mt. Werner Road will include ranch fencing and landscaping that will reflect the Valley’s natural vegetation and ranching history.

Development at One Steamboat is moving right along, withHaselden Resort Constructors making progress on several fronts for a targeted completion date of the fall of 2009. According to Mark Norris, Timbers Resorts’ Director of Construction, “Everything is proceeding very nicely with all site utility work finished, fire protection upgrades made to the Gondola Square garage, as well as upgrades made to the Gondola Transit Center. The building’s lower levels are also underway with cranes soaring above.”

With the massive amounts of snow throughout the ski season, snow removal was a constant focus at the site. “Haselden leased a snow-melting machine called the Snow Dragon that helps with snow management efficiency,” said One Steamboat Place Project Manager Chris Burden. “It’s been interesting to see how the construction site is modified for winter conditions.”

This spring and summer, as One Steamboat Place enters the vertical phase of construction, the main focus will be completing structural concrete work for all three buildings that comprise One Steamboat Place and starting structural steel erection. Exterior framing will begin in the late summer along with roofing. The objective is to enclose the buildings prior to winter to allow interior trades work to begin their work inside. It’s exciting to watch the various stages of development as One Steamboat Place gets closer and closer to completion.

www.onesteamboatplace.com

The Yampa, an epic trek

August 18th, 2008

MOFFAT COUNTY – Of the nearly 300 miles the Yampa River travels from its origin in the Flat Tops of northwestern Colorado, the most famous by far are the final 46.

There, the mature Rocky Mountain river dives deep into a 2,500-foot cut to carve a spectacular canyon through the heart of Dinosaur National Monument on the Colorado-Utah border. With wild flows rolling past sheer sandstone cliffs, stunning slickrock walls and towering hoodoo formations, the silt-laden waterway dons a new cloak of adventure and discovery that draws thousands annually.

But that wasn’t always the case.

Certainly mystery has long been a commodity in this corner of Canyon Country that Butch Cassidy’s infamous Hole in the Wall Gang once called home. But beyond the bandits, few others were buying.

It was on Aug. 19, 1928, that a party of four men from The Denver Post launched what was then believed to be the first river expedition through the as-yet unmapped Yampa Canyon. That trip by greenhorns in turn helped launch the modern whitewater recreation industry, which last year generated more than $150 million in Colorado.

While at the time the trip was deemed a disaster, the 1928 expedition was a complete success. Sure, the men sank one boat and after 14 days emerged from Echo Park as battered as the second vessel they abandoned at the site.

But they survived to give the world its first glimpse into this diamond in the Colorado rough, launching a legacy of preservation and an industry of recreation along the way – far more than they, or anyone before, had ever sought to do.

Promotions manager A.G. Birch was responsible for organizing the historic expedition, planning it for more than a year and recruiting for months before settling on a team composed of photographers Charles E. Mace and Frederick E. Dunham. University of Colorado student Bert Moritz Jr. also joined the crew, selected as much for his skills as an “expert swimmer” as his ability as a handyman.

Both, it turned out, would be quite useful.

Before embarking, the men made no pretense of whitewater experience or ability wielding oars. They had neither, and naively hoped to gain mastery as they made their way. More than once, it nearly cost them their lives.

But the mission might be described just as easily as inspirational. Birch’s stories and Mace’s photos, published nationally through the North American Newspaper Alliance, gave the world its first glimpse of this scenic treasure.

And 10 years after Birch first suggested it in print, a presidential proclamation by Franklin D. Roosevelt set aside some 210,000 acres surrounding the river corridor as a national monument that soon would become the most controversial

Janet Taylor, front, and husband Don, from Leander, Texas, ride whitewater near Rainbow Park. (Hyoung Chang, The Denver Post )in the nation.”I don’t know who championed the idea specifically, but obviously when you are talking about the preservation of (the Yampa and Green) rivers, that 1938 presidential proclamation was huge,” said Dinosaur National Monument superintendent Mary Risser. “From what I understand, the stories and movies that came out of the early river trips helped introduce people to the joys of river running, and specifically river running in Dinosaur.”

Publication . . . will ensure wide publicity, with the probable result that numbers of wealthy sportsmen, looking for a real “last frontier,” will be attracted to this state.

As it turns out, the Yampa River Canyon was not entirely unexplored in 1928. Fabled Western

click on image to enlarge boatman Nathaniel Galloway of Vernal, Utah, was first to run the length of the canyon in June 1909, with his 10-year-old son, Parley.But Galloway, a fur trapper by trade, wasn’t much for documentation, essentially granting the men of The Denver Post credit for putting the Yampa on the map.

Before the 1928 expedition, little was known about the region beyond Carnegie Museum paleontologist Earl Douglass’ 1909 discovery of dinosaur bones. In 1915, President Woodrow Wilson then established the surrounding 80 acres as Dinosaur National Monument, giving slight thought to the adjacent jumble of rocks and water.

But a year after the 1928 trip, Vernal’s Bus Hatch guided what is considered Colorado’s first recreational whitewater trip

Yampa River Canyon rafters float by the Tiger Wall, striped over the ages by trickling water and oxidation. (Hyoung Chang, The Denver Post )for paying clients on the Green River through Dinosaur and the Yampa shortly thereafter, initiating what has since become the state’s No. 1 summer tourism industry.”It’s sure caught on,” said Colorado River Outfitters Association (CROA) president Tom Kleinschnitz, owner of Grand Junction-based Adventure Bound Expeditions, one of the longest permit holders for commercial trips on the Yampa River. “I believe that (the Denver Post expedition) had to have part of the inspiration for guys like Bus Hatch, who had some ideas on how to make it easier. Those kinds of expeditions show these incredible places to the world, and people want to play there.”

According to a report on commercial river use commissioned by CROA, more than 539,000 people went rafting in Colorado in 2007, generating a record $153 million.

While the Arkansas River accounts for nearly half of the state’s annual user days, the strictly managed Yampa is limited to fewer than 8,000 people a year within Dinosaur, sharing 300 private and 300 commercial launches of 25 people or less with the neighboring Green River. Competition for private permits is fierce, with a success rate of less than 5 percent of the nearly 2,500 applications for launches during a window from May 14 to July 14 last year.

“It seems like the numbers we have going down there are appropriate for the resource and providing a wilderness sort of experience on a river,” Risser said. “A lot of it is based on available campsites because the area is so rich in archaeological history and there are so many cultural resources out there.”

If this spot ever could be opened to tourists, it would make several of our popular national parks take a remote back seat.

Among those drawn to the Yampa River Canyon’s recreational resources was Adventure Bound founder Keith Counts, a former physics teacher at Adams City High School in Commerce City. He began taking Boy Scout troops down the river as early as 1961.

Counts shared the same sense of adventure as the men of The Post expedition, and eventually made 83 voyages.

Now living in Wichita, Counts still recalls what he considers the golden era of river running through the monument. It was a time highlighted by the birth of the modern conservation movement when former Sierra Club director David Brower led a successful battle to prevent damming of the Green and Yampa rivers just below their Echo Park confluence in the heart of Dinosaur.

The attention garnered during that intense struggle in the mid-1960s further exposed Dinosaur and the Yampa to the nation, even drawing several members of the Kennedy family to the river in 1969. That same year, Counts purchased the Deerlodge property at the put-in on the east side of the park and became a full-time outfitter.

“It’s my opinion that the park was really saved by the rafters and notoriety they brought it at that time,” said Counts, 70. “There was a tremendous amount of publicity at that time. Going down the river just became the thing to do.”

We have no idea how long the trip will take us; our one effort is to make it in safety and get a corking record of an unknown land.

The modern sport of river running has certainly evolved in the past 80 years. Experience is not a prerequisite for adventure; awareness, however, just may be.

In December 2006, the Northern Colorado Water Conservancy District laid out plans for a prospective new dam site on the Yampa River upstream of Dinosaur National Monument, potentially diverting as much as a quarter of the river – up to 300,000 acre-feet a year – during spring runoff for Front Range consumption.

This alteration of what’s widely considered the last major free-flowing tributary in the Colorado River system could have a lasting impact on the ecology and recreational opportunities in Dinosaur National Monument downstream, Risser said.

“I think water is going to become one of the driving issues across the entire West and certainly one of our biggest concerns for the park. I do think (the dam proposal) is a huge threat to the park right now,” Risser said. “We already have Flaming Gorge dam upstream on the Green, the free-flowing Yampa and the area below the confluence within the monument boundary, so right now Dinosaur is an incredible lab to determine the impact dams have on rivers.”

Kleinschnitz, who started rowing the Yampa as a teenager, often worries about “the economics of wilderness protection” in a region that remains off the map for so many, comparing the wild Yampa to “a really great PBS show that only 12 people saw.”

“There aren’t hundreds of thousands of advocates out there because only a few thousand people can visit a year,” Kleinschnitz said. “It’s sort of a Catch-22. You don’t want to open it up and turn it into Disneyland, but unless people know about it, they won’t know how important it is to protect.”

But the result was worth it. If there is, anywhere on this earth, a region of such wild, fantastic grandeur that it exhausts all the adjectives in the dictionary, that region is the Yampa River Canyon in northwest Colorado.

http://www.denverpost.com/

Marabou Community Fact Sheet

August 13th, 2008
THE COMMUNITY:
Marabou is a unique ranch preservation community being created in Steamboat Springs, Colorado. Planned for only 62 custom homesteads on nearly 1,800-acres of active ranchland, Marabou will remain a working cattle ranch and all that it implies. Residents and their guests can participate, at their discretion, in all aspects of ranching from herding cattle, mending fences and baling hay on the property to caring for the horses that live there. Marabou Master Guides will lead this experience in the same way they’ll teach residents to fly fish, cross country ski and hike the rolling terrain. The presence of Marabou Master Guides will be one of the defining characteristics of an intimate ranching community that is grounded in the authentic Steamboat Springs lifestyle.

LOCATION:
Located in Western Colorado, Marabou is three miles west of Steamboat Springs. Specifically it is situated northeast of County Road 42, on the east side of the Elk River in Routt County.

THE LAND:
The Marabou property boundaries include more than two-miles of frontage along the Elk River, renowned for its fly fishing habitats. The community extends just below Deer Mountain on the east, to Elk River on its west. The land features lush irrigated hay meadows, pasture land, dense stands of gamble oak and aspen groves.

HISTORY:
For decades, this land has been an active hay and cattle ranch. The Selbe family farmed a portion of the land for many of those years and will continue to do so as it becomes Marabou.

DEVELOPER:
The Marabou community is being developed by Elk River Partners L.L.C., a partnership between North Point Real Estate of Savannah, Georgia, and Due West Land Ltd. of Steamboat Springs, Colorado.

North Point Real Estate is comprised of four separate land divisions – Industrial, Office, Residential and Retail. The organization has developed more than 8.5 million square feet of commercial properties and more than 10,000 acres of master-planned residential communities throughout Georgia, South Carolina and North Carolina.

Due West Land Ltd., a land development company, has created environmentally sensitive living communities throughout Western Colorado for more than a decade, including Storm Mountain Ranch in Steamboat Springs–winner of the Governor’s Smart Growth Award. Development Managing Partner, Jeff Temple, is a fourth generation Steamboat Springs native and co-founder of Spyder Skiwear. His father, James Temple, founded the Steamboat Ski Resort and is recognized as one of the pioneers of Ski Town USA.

THE PLAN:
Marabou features 62 custom homesteads on nearly 1,800-acres – preserving the agricultural, wildlife and rural character that makes the property unique. More than 1,325-acres will remain a common open space.

  • Custom Homesteads average approximately 6.3-acres each
  • Homestead building envelopes will average .72-acres, with the remaining area to be designated as open space
  • Seven separate Owners’ Cabins will be nestled along the Elk River providing lodging for residents and their guests
  • Marabou proposed community amenities will also include an Owners’ Lodge, Outfitters Center, Wellness Center, Fitness Facility, Theater and Children’s Activity Center
  • The Marabou Horse Barn, round pen, arena and tack will be active year-round
  • Ranch Managers will live on-site at Marabou
  • Marabou’s 10 miles of trail system will connect community amenities, homesteads and natural open areas

More than 74 percent of the land will remain open space, preserving the wildlife habitat, riparian areas and active ranch-agricultural lifestyle of Marabou.

  • Active of cattle and hay operations
  • 175-acres of dry land farming will continue
  • Creation of 30-acres of new irrigated pasture
  • Preservation of a Sharp-tailed Grouse lek (breeding site)
  • Protection of elk calving area and elk winter range
  • Creation of 20 acres of new mountain shrub habitat
  • Stream bank preservation and fish habitat improvement throughout more than two-miles of the Elk River
  • Preservation of wetlands on the ranch (less than one-half acre disturbed on the entire ranch)
  • More than 50 duck and goose boxes installed on the riparian corridor

WILDLIFE:
Wildlife resources throughout the Marabou community are abundant and have influenced its overall design and land plan. Wildlife that inhabits the area includes:

  • Columbian Sharp-tailed Grouse
  • Elk
  • Sandhill Cranes
  • Great Blue Heron
  • Bald Eagles

Marabou has adopted a progressive wildlife mitigation plan, which, in addition to the careful planning of the remainder parcels and Homesteads includes:

  • Wildlife friendly fencing
  • Installation of fencing to prevent cattle from foraging in the riparian areas along the Elk River
  • Creation of 20-acres of new bio-islands that will provide habitat for grouse and big game
  • Homesteads are located off the ridgelines, outside of agricultural areas an on the perimeter of wildlife resources

MARABOU MASTER GUIDES:
Marabou Master Guides will teach the skills, traditions and lore associated with the extraordinary range of activities made possible at Marabou. Each guide is a true master in their craft, acting as a mentor, coach and leader to Marabou residents and their guests. Master fly fishers, horsemen, craftsmen, skiers, hikers and mountain bikers will bring authenticity, excitement and adventure to everyday life at Marabou.

PRICING & AVAILABILITY:
The initial offering of Marabou Homesteads will be available Spring 2006 and are priced from $1.8 million to $5 million.

http://www.marabouranch.com/

Marabou Adds 50 Miles of Private Fly Fishing Water

August 13th, 2008
STEAMBOAT SPRINGS, Colo. (July 10, 2006) – Just northeast of Steamboat Springs, Colorado, lies 72,000 acres of private land through which more than 50 miles of the country’s finest fly fishing rivers run. Through a long term lease agreement, Marabou owners and their guests now have access to these pristine waters and surrounding wilderness areas, located in the most desirable areas of the million-acre North Park, a land rich in history and plentiful in wildlife. This land was first settled and hunted by the original mountain men, including the famed Kit Carson, Joseph Bijeau, John C. Fremont and Jim Bridger.

Although Marabou’s nearly 1,800 acres in Steamboat Springs already contain 14 acres of ponds, miles of spring creeks and more than two miles of the Elk River, the North Park property gives the community’s aficionados the best private fly fishing waters in the lower 48 states.

Four major waterways dissect the property: the North Platte, the North Fork of the Platte, the Michigan and the Canadian rivers. All have unique characteristics and plentiful aquatic insects, but together they create one of the few places in the world where anglers can accomplish the Rocky Mountain Grand Slam of fishing – the opportunity to catch rainbow, brown, cutthroat and brook trout all in one day.

In total, Marabou’s private water in North Park meanders more than 50 miles through lush hay fields with deep oxbow bends, and untouched wilderness areas. The property’s four lakes and several smaller spring-fed creeks traverse the meadows, creating a diversity of fishing waters that is unmatched in the country. This is Colorado’s last frontier. The great North Platte starts here, fed by spring thaws from the surrounding mountain ranges, becoming a slow moving, floatable river as it flows downstream. Anglers who like to throw a streamer or a hopper will find it particularly fruitful, while the technical dry fly fisher will be enthralled with the abundant insect hatches in all rivers.

2-2-2, Marabou adds 50 miles of private fly fishing waters

“These waters provide world class fly fishing – the enthusiast is going to think he has died and gone to heaven!” said Jeff Temple, Marabou president. “We are very excited to add 50 miles of pristine, remote, private fly fishing to Marabou. Our members will never have the same outing twice, and they’re unlikely to see another angler on any occasion.”

Marabou has hired fly fishing expert and river keeper Pat Stefanek as a fly fishing master guide. Stefanek will work full time at Marabou, and will guide members and their guests on the North Park experience. For the last seven years he has labored to improve the habitat on these rivers and, in the process, has fished every inch. Stefanek is known as one of the top fly fishing guides in the American West and is responsible for continually monitoring the fish and water quality, and assisting Marabou owners in their adventures on the water. Stefanek and his team of guides completely control these private waters and the thousands of acres of unspoiled lands around them.

“I’ve been lucky enough to fly fish in many places from Alaska to Montana, and I know our North Park waters represent one of the finest freestone wild trout fisheries in the world. These fish are my babies – I take very good care of them,” said Stefanek.

Marabou guests and owners also have full access to the 10 cabins found on the property. All are rustic, clean and comfortable, and sit adjacent to one of the streams. Set against the snowcapped Zirkel Wilderness Area and the Never Summer mountain range, the region is best known as the moose viewing capital of Colorado. Elk and mule deer are abundant in the lush river bottoms, as are antelope, hawks, eagles, wild horses and an occasional black bear. Naturalists and photographers join fishermen in their love of North Park, capturing moments on film that have made the region famous.

Marabou is a unique ranch preservation community being created in Steamboat Springs, Colorado. Planned for only 62 custom homesteads on nearly 1,800-acres of active ranchland, Marabou will remain a working cattle ranch. Residents and their guests can participate, at their discretion, in all aspects of ranching from herding cattle, mending fences and baling hay on the property to caring for the horses that live there. Marabou Master Guides will lead this experience in the same way they’ll teach residents to fly fish, mountain bike, downhill and cross country ski, and hike the rolling terrain. With 1,325 acres of the ranch preserved as open space, homesteads exceed six acres and are priced from $1.8 to $5 million.

http://www.marabouranch.com/

Blueprint for the Future

August 13th, 2008
Sustainable Development at Marabou
STEAMBOAT SPRINGS, Colo. – Marabou, a ranch preservation community in Steamboat Springs, Colo., is about to change the gold – or green – standard of sustainable communities. The land and the setting at the base of the Sleeping Giant Mountain have inspired Marabou developer Elk River Partners, LLC to raise the preservation bar to new heights.

Elk River Partners – comprised of third generation Steamboat resident Jeff Temple and partners Mark Hall and Jeff Jepson – recognizes the importance of sustainability, and has developed its own set of green design and construction options for Marabou homestead owners. Each of the 62 planned homesteads meet stringent guidelines that integrate the home with the natural environment, and a $10,000 incentive will be given to owners who choose to incorporate green building techniques.

“We hope to leave behind a legacy of stewardship at Marabou that future generations will be proud of,” said Hall. “Not only is preservation a responsible choice for developers, this approach will only enhance the living environment for Marabou owners and residents.”

Owners earn points associated with various environmentally-friendly techniques, including using solar heating and wind-generated electricity, planting Xeriscape-level landscaping, building with pine beetle salvage wood, recycling construction materials on-site and insulating plumbing. This point system impacts the incentive awarded to owners, which is evaluated on a case-by-case basis.

Because Marabou has demonstrated exemplary environmental leadership, the United States Environmental Protection Agency recently awarded Elk River Partners membership in the Green Power Leadership Club. Only businesses that replace significant portions of the electricity they use with green power are invited to be partners in this organization.

Elk River Partners hired consultant Lyn Halliday with Environmental Solutions Unlimited, LLC to help bring the Marabou conservation vision to life. “Having worked as an environmental professional for nearly 30 years, I have found the entire Marabou team’s commitment to sustainable development to be incredibly impressive,” said Halliday. “Marabou provides an excellent model for creating a sustainable community where the naturally beautiful ranchland is preserved – a model that is unmatched in the industry”.

The 1,717-acre Marabou community will feature clustered buildings, preserving an abundance of pristine river corridor, meadows and wildlife areas. Approximately 1,325 acres, which is roughly three quarters of the community, will remain permanent open space and active farm/ranchland.

Additional land stewardship components at Marabou include a wildlife management plan. The plan, designed with input and support from the Colorado Division of Wildlife, ensures that important animal habitats are preserved. Certain habitats were enhanced through the protection of sensitive areas and the creation of bio-islands, ponds, and other biodiversity-enhancing inclusions.

Because Marabou is contiguous to 2.5 miles of the Elk River, special consideration has been given to protecting riparian areas, improving fish habitat, and preserving the sustainability of cottonwood growth along the river banks. Improvements to the river habitat alone are estimated to cost more than $1 million.

The 11 Marabou amenity buildings are Built Green Certified, including an equestrian center made of local salvage wood. The contractors who worked on these buildings were also required to be Built Green Certified. Requirements for the certification include the incorporation of recycled building materials; energy efficiency; use of electricity from clean, renewable wind power; use of materials that promote improved indoor environmental quality; and environmentally-conscious landscaping practices.

“Mankind historically has been harsh on the environment,” said Temple. “Perhaps our most meaningful legacy at Marabou is to create a new sustainability model for other developments to consider.”

A unique feature of Marabou can be found in the educational opportunities that it offers its residents and the community. Through the Master Guide program, land stewardship and environmental appreciation is encouraged by providing highly interactive outdoor activities at the property and around the Steamboat Springs region. Master fly fishers, horsemen, craftsmen, skiers and mountain bikers bring authenticity, excitement and adventure to everyday life at Marabou.

Marabou is reaching out to the Steamboat community to get involved in conservation on the property, inviting local children and nature enthusiasts to visit the ranch for nature hikes and bird watching excursions. This not only improves the environment for wildlife, but instills a sense of environmental stewardship in the community.

Marabou’s support of the Sustainable Steamboat Expo is further evidence of the developer’s desire to share environmentally-sound building practices with the community. The second annual expo will focus on the “Economics of Sustainability,” and took place in May 2007 at the Grand Resort Hotel in Steamboat.

Marabou is a unique ranch preservation community that was created in Steamboat Springs, Colorado. Planned for only 62 custom homesteads on 1,717 acres of active ranchland, Marabou remains a working cattle ranch, producing grass-fed, hormone- and antibiotic-free beef. Residents and their guests can participate, at their discretion, in all aspects of ranching from herding cattle, mending fences and baling hay on the property, to caring for the horses and cattle that live there. Marabou Master Guides lead this experience in the same way they teach residents to fly fish, mountain bike, downhill and cross country ski, and hike the rolling terrain. With 1,325 acres of the ranch preserved as open space, homesteads exceed six acres and are priced from $2.9 to more than $5 million.

http://www.duewestland.com/

MARABOU RANCH ANNOUNCES CARBON NEUTRAL FOOTPRINT

August 13th, 2008
Sustainable Development at Marabou
STEAMBOAT SPRINGS, Colo. (Mar. 7, 2008) – Developers of Marabou, a sustainable ranch preservation community in Steamboat Springs, Colo., announced the completion of more than $60 million in construction – including amenity buildings, trails, river restoration, solar panels, new fences, and paved roads – with a better than carbon neutral footprint.In combination with the rest of Marabou’s construction, the rustic, yet luxurious amenity structures have a carbon neutral footprint due to a focused and detailed design and construction program employed by the developer. To achieve this status, Marabou Managing Partner Jeff Temple solicited input from the Colorado Division of Wildlife, Routt County, wildlife biologists, ranching experts, the Army Corps of Engineers, and even the United States Environmental Protection Agency (EPA).

Marabou also hired Environmental Solutions, Unltd. to serve as a sustainability consultant throughout the development process. The organization regularly monitors the construction and operations of Marabou, offering suggestions to improve energy efficiency, reduce waste and employ preservation practices. Environmental Solutions recently performed extensive research to evaluate the project’s carbon footprint.

“Marabou wanted a third party to execute a quantitative evaluation of its carbon emissions to measure just how they were delivering on their promise to be a sustainable community,” said Lyn Halliday, president of Environmental Solutions.

Based on methodology and guidelines provided by the EPA, World Resources Institute and the United Nations, Halliday’s research showed Marabou’s net carbon emissions to be approximately negative one million pounds of carbon per year – meaning the project actually reduces more carbon emissions than it creates.

“The research process was extremely helpful, generating new ideas for additional ways to conserve energy and protect the environment,” said Halliday.

Marabou does emit some carbon. The study compared the amount of carbon generated by Marabou’s amenity buildings, on-site activities, and routine maintenance, to the amounts of carbon reduction resulting from voluntary investments on the part of the Marabou development and management teams. The evaluation was based on the entire 1,717-acre ranch, including Marabou’s 12 amenity buildings, as well as four additional structures used by maintenance and on-site management staff. It did not include private residences, as none have yet been constructed.

Marabou’s agricultural practices and soil sequestration practices were the largest contribution to carbon reduction. According to the new Farmers Union Carbon Credit Program, carbon can be stored in soil through no-till crop production, long-term grass seeding practices, native rangeland enhancement, and methane capture projects. Marabou’s grass-fed beef program, as well as its riparian, grassland and wildlife preservation efforts, results in the reduction of more than 2.5 million pounds of carbon each year.

Marabou is a model for green agricultural ranch operations by incorporating rotational grazing, which is better for the land and yields healthier cattle. Riparian zones have been carefully mapped to avoid cattle intrusion. A wildlife management plan provides for the protection of an elk calving area and a Columbian sharp tail grouse lek, as well as the creation of bio-islands and habitat improvement for the ranch’s abundant wildlife.

Some key management practices that reduce Marabou’s carbon emissions include the use of on-site solar panels and wind-generated power purchased from Colorado-based wind farms. Marabou also employs an extensive recycling program to reduce waste transported to landfills each year. These energy conservation practices more than offset the fuel used for Marabou’s agricultural activity, landscaping, and other maintenance-related practices.

Marabou’s amenity buildings are designed for the common use of homestead owners and their guests. They include the River House Lodge and Dead Horse Saloon; the Downstream Spa; the Casting Room Theater; the River’s Edge Fitness Center; the Outfitter’s Cabin; an equestrian center; and six well-appointed Owners’ Cabins, which can be reserved by homestead owners for four weeks per year.

The buildings are clustered together to reduce the impact the buildings have on the native wildlife. Marabou requires all contractors and subcontractors to be Built Green® certified, and all Marabou amenity buildings have achieved a Built Green® average of 140 points. The minimum requirement is 70 points.

The structures feature insulated foundations; low-E windows; zoned thermostats; Energy Star rated appliances, lighting and exhaust fans; structured insulated panels for room insulation; low flow shower heads; and furnaces with a 90 percent or higher efficiency rate.

Construction teams also used engineered lumber – which is made of recycled material and creates far less waste than conventional lumber – throughout 90 percent of the buildings. The siding on Marabou’s horse barn is salvaged wood from Wyoming fencing, and the River House Lodge interior features rescued cherry wood from 100 percent sustainable sources. The Casting Room Theater building has a “living roof”; home to native grasses that provide natural insulation.

All private residences, ultimately 62 at full build-out, will be custom homes, several of which have recently completed a design review process. Construction on the first owners’ residences is slated to begin by spring 2008. Marabou’s design guidelines were crafted using Built Green® principles and provide an appendix of sustainable building criteria for owners.

“All homestead owners are required to incorporate a minimum level of green building practices, and if an owner embraces a high enough level of ‘built green’ in their home, they are eligible for a $10,000 payment from Marabou,” said Temple. “We were encouraged to discover that owners are choosing to go above and beyond that requirement to embrace energy efficiency, indoor air quality, water conservation and wildlife preservation as a way of life.”

Marabou has attracted national attention for its exemplary environmental leadership. The EPA recently awarded Marabou membership in the Green Power Leadership Club. Only businesses that replace significant portions of the electricity they use with green power are invited to be partners in this organization. In October 2007, Marabou received the first annual Sustainable Business of the Year Award at the Steamboat Springs Chamber Resort Association’s Centennial Celebration, in recognition of its vast achievements in sustainable business practices. Marabou was selected from a pool of more than 30 members of the Sustainable Steamboat Business Program, created in March 2007.

About Marabou
Marabou is a unique ranch preservation community in Steamboat Springs, Colo. Planned for only 62 custom homesteads on 1,717 acres of active ranchland, Marabou remains a working cattle ranch. Residents and their guests can participate, at their discretion, in all aspects of ranching from herding cattle, mending fences and baling hay on the property to caring for the horses that live there. Marabou Master Guides lead this experience in the same way they teach residents to fly fish, mountain bike, downhill and cross country ski, and hike the rolling terrain. The ranch is 1,717 acres, of which 1,325 are preserved as open space forever. Homesteads exceed six acres and are priced from $2.9 million.

http://www.duewestland.com/

NATIONAL ECONOMIST LAWRENCE YUN PREDICTS STRONG HOUSE-PRICE GAINS FOR WESTERN RESORT PROPERTIES

August 7th, 2008

 

6 June 2008 (Park City) – Overly optimistic exuberance led to one of the costliest mortgage write-downs in U.S. history over the past year – a crisis which rocked world financial markets and dampened home sales throughout the country.

However, according to Lawrence Yun, chief economist for the National Association of REALTORS®, top resort destinations in the Rocky Mountain West could easily see house-price gains as much as 30 percent to 50 percent over the next five years.

Yun, the keynote speaker at the June semi-annual conference of the Rocky Mountain Resort Alliance (RMRA), an association representing the boards of REALTORS® of 11 Western premier destination ski resorts, said mountain resort properties, like those in Aspen, Colo., Park City, Utah, and Jackson Hole, Wyo., are not as prone to subprime loan exposure like other residential areas.

“I think the pendulum has actually swung way too far the other way,” Yun said at the conference, which was held in Park City. “In other words, there are people with the capacity to buy a home yet they are not willing to jump into the market because of fear. The sentiment among second-home buyers is that it is not a good time to buy right now, but buyers in it for the long-term always come out ahead.”

Dennis Hanlon, founder and president of RMRA, said in spite of the current housing climate, high-end properties throughout the West are still selling. “People are still buying second homes and vacation homes. Typically these transactions are cash deals and do not involve financing.”

Helping to boost second-home sales are current migration trends, Yun said, which show that wealthy baby boomers and others are leaving states like California, New Jersey and New York and moving to states in the Rocky Mountain region. In fact, 63 percent of baby boomers said they want to retire in a rural or small town setting – areas that include mountain resort settings.

In addition, Yun said the United States may encounter a housing shortage if new residential building construction continues at current low levels. Yun said that less than 1 million new homes are being built annually, but that 1.5 million new households are being formed each year, creating a gap of new housing inventory.

What’s ahead? Yun believes that the country will formally avoid a recession and that rising subprime defaults should peak by the middle of 2009.

Going forward, because subprime lending has disappeared from the market new homebuyers are not exposed to the same dangers. Yun added that more than one-third of all U.S. homeowners (35 percent) own their home free and clear. Factoring in all homes, today’s foreclosures rates reported by the media are actually one-third lower because there is no risk from free and clear homes.

Rocky Mountain Resort Alliance

Government Affairs Update

August 7th, 2008

On Wednesday, July 30, President Bush will sign the recently-passed housing legislation (H.R. 3221) into law.    The new first-time homebuyer tax credit will go into effect immediately upon the President’s signature.  This credit is intended to convert  ”Just looking, thanks” browsers into purchasers.  The provision should prove to be of great benefit to Realtors, their clients and to communities.  

The chart presented below outlines the basic features of the new credit.  In the coming days we will provide you and post to the Website a Q&A document that will describe the operation of the credit more fully.  We will also post summaries of all the tax provisions.  The Research Department is also preparing a brochure that REALTORS® can provide their clients.  You will be notified when it is ready.

The tax provisions of this legislation focus on consumers.  We hope this chart and the additional materials that we’ll post can help Realtors guide their clients through these new provisions.

www.nar.com


 
 © 2004 Peggy Wolfe