National Real Estate Investor, April 1, 2005

Intrawest is developing
Mountain Creek Resort, a $750 million, mixed-used property featuring four
seasons of recreational activities just south of New York City in the mountains
of New Jersey. The community features 65,000 sq. ft. of commercial space,
1,700 resort condos ranging from studio to three-bedroom, an 85,000 sq. ft.
conference facility and a luxury spa. Sitting atop a 1,040-foot mountain,
the resort is also home to New Jersey's largest water park, extensive hiking
and biking trails, and golf courses. To complement the winter season, the
resort invested $60 million into operations and on-hill improvements for its
46 trails and 11 ski lifts. While the resort currently draws visitors from
the entire tri-state region, it has gained recognition nationally for its
outstanding winter sports facilities, including night skiing and Olympic training
facilities. The first phase of the mountain village development, the Appalachian
Hotel, is expected to open this spring.
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