Salt Lake City, UT--Dec 28, 2011 -SilverLeaf
Financial, a private equity firm specializing in buying distressed debt,
recently announced the acquisition of the 6,000 acre luxury master planned
community in western Colorado, known as
Cornerstone. It was purchased fee simple with clear title,
for an undisclosed price. Cornerstone
began development in 2006. The development is located approximately 1 hour
north of the Telluride ski community.
Cornerstone
features 125 fully improved lots, 56 of which have sold, leaving 69 currently
available for sale. There are an
additional 287 lots in various levels of improvement within the
development. The development is planned
for a total of 412 "Homestead" lots ranging in size from acre to over 100
acres. Included in the purchase were 4
custom built cabins constructed by the Developer. Each large cabin is fully furnished with 4
master suites and shared amenity space.
All 4 of these "Foursome Cabins" are currently available for sale.
The
private luxury community includes a high-end 18-hole, 72-par Greg Norman
championship golf course and 20-acre practice/training
area. The golf course has been the recipient
of many prestigious awards including "No. 1 Best New Course in Colorado"and "No.
1 Best New Private Course in the U.S."The Clubhouse at Cornerstone is 6,000 square feet and includes a dining
area, pro shop, men's and women's locker areas, fitness area and swimming pool/
beach area. The Cornerstone club features
a 40 acre meadow with stables and horse boarding facilities, located in the
northeast and southwest portions of the development. Community residents can enjoy guided horse
rides either on-site, or on over 1 million acres of public lands nearby.
The community
also features an exclusive Clubhouse in the nearby ski town Telluride, known as
the "Mountain Club". Built to accommodate
Cornerstone members for year-round use, the Clubhouse is located in the heart
of the village, just steps from the ski gondola.
The
Developer has set aside approximately 3,000 acres as open space within the
development. Community residents can
hike, bike and ride miles of trails with a diverse terrain. Through its wildlife management plan, wildlife
can move freely throughout the area. Cornerstone's
focus on sustaining and protecting the health of the property's wildlife and
natural environments is evident through their wetlands restoration, forest management,
wildlife monitoring and water quality monitoring efforts inside the development.
Cornerstone
can easily be reached with direct commercial flights to Montrose Regional
Airport from numerous cities across the country. For information regarding the available Real Estate
for sale at Cornerstone, contact Colby Bond at (801) 359-2855 ext 555
For more
information about The Cornerstone Development go to www.cornerstonecolorado.com |
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