Cassidy Ridge is a 23-unit luxury condominium property in Mountain Village/Telluride, CO. Gulfstream purchased 21 of the unsold units in a bulk sale from the foreclosing lender in December 2013.
Unit amenities include: fireplaces, vaulted ceilings, European-style cabinetry, soapstone countertops, Viking appliances, steam showers, in-floor radiant heat, full-view windows, large outdoor terraces, and are wired for automated lighting and sound systems. Cassidy Ridge is located minutes from the Mountain Village core and offers the best views in all of Telluride.
- Acquire the property and establish a new marketing campaign to remove the stigma of being a bank-owned property.
- Establish new amenities including a fitness center, community hot tub, private massage rooms, and ski and bike storage areas.
|Investment Type:||Distressed Condominium Development|
|Property Type:||Luxury Residential|
|Status:||Selling individual units to primary and secondary home owners|
|Acquisition:||December 12, 2014|