The Denver Wintrust Commercial Real Estate team, in partnership with First Fidelity Bank, is pleased to announce the issuing of a $36.3 million senior syndicated construction loan to finance Alcove at Keystone, a 24-luxury townhome development located in Keystone, Colorado. Replay Destinations, a firm with a long history of developing luxury residential resort projects, will develop Alcove. 

Once constructed, Alcove will represent Keystone’s newest luxury real estate townhome development. The project includes 24 new townhomes, including 12 three-bedroom and 12 four-bedroom townhomes, ranking from 2,275 to 2,730 square feet. Alcove is located just steps from the shops, restaurants, and amenities of River Run Village, on the former Goldbug lot in the heart of Keystone, Colorado.

“Wintrust is proud to finance projects like Alcove at Keystone that elevate luxury resort living in Colorado,” says Jason Weimer, Senior Vice President of Commercial Real Estate. “As part of our ongoing efforts to expand our commercial banking presence, we’re thrilled to add such an exceptional, high-end client and development to our arsenal.  Our team is grateful to play a role in bringing this exceptional project to the Colorado market.”

This latest deal underscores the value of Wintrust’s local footprint and demonstrates momentum generated by using its commercial real estate finance expertise to help its partners execute on strategic initiatives in line with their growth goals.

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