Denver-based investment firm pledges $225.5 million for Keystone’s Kindred Resort

Kindred was designed to reflect the laid-back, family lifestyle of Summit County, while offering high-end finishes and modern design.
LIV Sotheby’s/Courtesy Photo

In late August, Concord Summit Capital provided the total construction cost of Kindred Resort at $232.5 million, with assistance from Pure Development.

The Kindred Resort is a multi-million dollar project that was originally scheduled to begin construction in 2021.

The designated 4.5-acre property sits adjacent to the Keystone Resort’s River Run Gondola and will include an upscale 107-room hotel, new ski school, private ski club and 95 luxury residential condo units , according to a press release.

Concord Summit Capital is a Denver-based global investment firm. For the complex, Capital is providing a $140 million senior construction loan, $55.47 million in commercial property-rated clean energy financing and $30 million in preferred equity investment.

Finally, Pure Developmenta leading commercial real estate developer with a Denver location, has also invested $7 million as a co-partner in the space.

The project is expected to be completed in 2025, with pre-construction having already begun.


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