SOURCE: Markleeville USA Ltd

August 18, 2009 06:00 ET

New Mixed-Use Fractional Development to Seek First-of-Its-Kind LEED Certification in Planned Resort and Recreational Community in the Iconic Lake Tahoe Area

MARKLEEVILLE, CA--(Marketwire - August 18, 2009) - ALPINE COUNTY -- After fifteen years of project and municipal refinement, the mountain themed Mahalee Lodge and city center redevelopment project reached approval of the tentative map with the city of Markleeville, Tom Abdoo, project lead, announced today.

The project is situated on 38 acres of prime real estate in Markleeville; nestled amongst the natural mountain beauty of Alpine County, CA -- the least dense county, by population, in the state. When approved for LEED certification it would be the first all-inclusive LEED certified commercial center, resort lodge and fractional development in the Lake Tahoe area. The approved plans encompass a redeveloped downtown business epicenter that closely reflects its pioneering heritage, 49 alpine-inspired fractional luxury cabins and a 38,000 square foot lodge, coined "Mahalee" -- a name derived from the native Washoe Indian term for the processing of the acorn that was traded for pine nuts.

"Markleeville is an undiscovered diamond lying peacefully in the shadow of Lake Tahoe," stated John Sweeney, President, Global Resorts, Inc. an international consulting firm in resort and recreational development. The intent in developing this gem of a project is not to exploit this natural environmental wonder, but to open its serene and timeless beauty to discriminating consumers who appreciate the mountain lifestyle without the congestion and overcrowding that now typifies the Lake Tahoe area." Sweeney also mentioned that the project will set a new standard and stewardship in LEED development in this market area. "This project is exemplary of the marriage between environmental responsibility and sensitive and sustainable development," Sweeney concluded.

Dick Ragatz, noted and widely recognized fractional authority, stated in a recent article in Vacation Ownership World that "...more than three in four fractional developers felt that the sales performance was as good or better than that of whole ownership developers in their local market area." Ragatz went on to say that, "sales were down last year and there were fewer projects in active sales, but sales are still being made in the so-called iconic locations that will always have a highly perceived value. They are situated in places with limited land being sold at very high prices."

Notwithstanding, the proven consumer demand for the Lake Tahoe environs, coupled with the unique environmental quality of Alpine County, CA and the attendant dynamics of the Markleeville project, would seem to bode well for the future of this project as the economy ultimately recovers.

Contact Information

  • Contact:
    John Sweeney