Mountainside at Northstar makes plans for $1 billion expansion
TRUCKEE, Calif. — Nearly $1 billion worth of new development has been proposed near Northstar California Resort to be implemented over the next three to five years.
Development group Mountainside Partners announced the project in late September.
The development, which could include as many as 300 new residential units, is said to reflect much of the region’s outdoor charm and allure, which is the driving force and prevailing theme behind the project, said senior developer Ron Barnes.
“We’re finding that buyers want ski-in-ski-out and they want greater access to activities in the outdoors,” Barnes said. “It’s just to get out there.”
The Mountainside at Northstar community is located on-mountain between The Ritz-Carlton, Lake Tahoe and The Village at Northstar.
The project will include development for 11 townhomes and six additional residential units, all of which are already under construction.
Barnes said those units could be available by winter. An additional 20 residential units are in the design phase, which Barnes expects to break ground in the early part of 2016.
Permitting rights for the 100-acre development site were secured over the course of the past 10 years, Barnes said, when the property was originally purchased.
“The Mountainside at Northstar community and associated amenities are being developed over time in accordance with the Northstar Highlands approvals obtained in 2005,” Barnes said.
Plans will move forward design work for 30 condominium units as well.
“The design aesthetic fits with the mountain while adding a modern mountain look, helping it feel like a little enclave on the side of the mountain,” Barnes said.
Launched this summer, the multi-year plan intends to connect 40 miles worth of trails as well as introducing new amenities.
Part of that plan will be the introduction of the “Rendezvous Experience,” a series of elevated huts, suspended on platforms among the trees, as well as indoor and outdoor yoga pads and an outdoor amphitheater.
While Barnes indicated that Bay Area visitors and buyers make up the majority of Mountainside customers, the group is also trying to appeal to regional customers as well.
“We have a number of different local publications we are marketing to, as well as working with the local brokerages,” Barnes said. “We continuously try to make people aware in the local area.”
It marks the latest Tahoe-area business venture from Mountainside Partners (formerly East West Partners), which has undertaken projects at the golf course at Old Greenwood, The Village at Northstar, and The Ritz-Carlton, Lake Tahoe, among others.
Regionally, Mountainside Partners has also proposed the Martis Valley West project, located outside the Tahoe Basin near Truckee; and the 550-unit Brockway Campground, located in the Tahoe Basin. Both projects are in early stages of the environmental review process.