The vision for Edgemont was focused on long-term ownership. This proved to be true, as Meriwether realized an 85% pre-construction closure rate and complete inventory sell-out during the height of the economic downturn in 2008.
In 2006, Meriwether, along with an institutional capital partner, acquired one of the last parcels of ski-in, ski-out property on Steamboat Mountain Resort. Meriwether envisioned and entitled a luxurious 130-resident community, christened Edgemont, and immediately began development.
Phase I consisted of 39 residences, under the design concept of high-end residential units with world-class amenities. Facing the challenge of development amidst the height of the economic downturn, Meriwether was still able to realize an 85% pre-construction closure rate, proving that the original vision for long-term benefits to ownership, and execution of that vision rang true to the desires of the current marketplace.