Golf News for Wednesday, April 16, 2008 | Real Estate

Stone Creek Properties unveils plans for Silvertip resort village

CANMORE, Alberta, Canada -- Stone Creek Properties unveiled plans for the development of a destination resort village at Silvertip in Canmore, Alberta. At build-out, The Village at Silvertip is projected to draw approximately 200,000 visitors annually including seasonal residents, international travelers, as well as day visitors from Canmore, Calgary and nearby resorts such as Banff.

"There is no place quite like Silvertip and there may never be another,” said Guy Turcotte, Chairman, President and CEO of Stone Creek Properties Inc. "We have one chance to get it right and are committed to becoming one of the world's premier resorts… a place that Canmore, Alberta and Canada can be proud of,” he said.

Inspired by the traditional hill towns of Europe, The Village at Silvertip will include a collection of boutique lodges; a luxury hotel; a conference and learning centre; intimate, one-of-a-kind shops, galleries and restaurants; a destination spa and wellness centre, and equally important, access to more than 300 extraordinary wilderness adventures in the region.

"The experience at Silvertip will be intimate and rare and will offer the highest possible quality of life for all residents and guests,” said Turcotte. "We are creating opportunities for all visitors, whether permanent residents or visiting guests, to experience the incredible magic of the Canadian Rockies. We are very privileged to introduce Silvertip to the world.”

Throughout the development of The Village at Silvertip, the resort will continue to attract golfers to its scenic mountain course, the first built expression of the vision, as well as to its dining and meeting facilities. Construction is anticipated to begin late 2008/early 2009 with the first phase anticipated to open in 2012. For more information visit www.villageatsilvertip.com.
Stone Creek Properties:

Stone Creek Properties Inc. is an established real estate developer with a vision of creating a family of world-class resort communities in Mother Nature's most breathtaking places. Along with Silvertip Resort, Stone Creek also owns and operates Eagle Ranch in Invermere, British Columbia. For more information visit www.stonecreekproperties.com.

For media information:
Sarah Geddes, Sass Communications
Ph: 403-802-0200 / Email: sarah@sasscommunications.com

The Village at Silvertip ­ Facts at a Glance

Location: Canmore, Alberta

Developer: Stone Creek Properties Inc.

Total number of units: Village at Silvertip: 1,300 (300 hotel units, 1,000 resort condo accommodation units);

Silvertip Resort: 400 residential units (outside village footprint) in addition to existing 300 units;

Village size: 60 acres
2,000,000 square feet of space in a variety of uses

Total project cost: $1.5 billion

Village amenities/services: Four to five hotels by build-out.

Approximately 100,000 square feet of retail space (facilitating 80-100 retail locations).

12-15 food and beverage outlets.

20,000 square foot destination spa.

A state-of-the art conference and learning centre will provide meeting and event space for up to 800 people.

Construction start date: Phase 1 to commence late 2008/early 2009.

Estimated build-out: Full build-out of The Village at Silvertip is anticipated to take ten to 20 years: five phases of approximately two to four years each.

First phase overview: The first phase of The Village at Silvertip includes six buildings: two boutique hotels and four resort accommodation condo buildings. Planned amenities in the first phase include a spa and health club.

Annual Visitors: Projected in excess of 200,000 visitors annually.