Tuesday, August 12, 2014

New Luxury Development Coming to Downtown Ketchum

Posted By on Tue, Aug 12, 2014 at 11:18 AM

Ketchum is about to get its latest luxury development with a downtown hotel and residence planned for River and Main streets.

According to the Twin Falls Times-News, the project includes 155,000 square feet, 90 hotel rooms and penthouses, a restaurant and bar, spa, and meeting and convention space. 

KMVT reported that 14 "luxury residences" will be available for purchase on the upper floors, including six penthouses on the fourth floor, accessed by private elevator and "exclusive two-car underground parking."

Developed by Sun Valley-based Trail Creek Fund and designed by San Francisco architects Hornberger + Worstell, the hotel will be managed by Mill Valley, Calif.-based Auberge Resorts Collection.

Construction is expected to begin in May 2015 with a summer 2017 opening date. According to the developer, the project will create 100 full-time jobs during construction and about 80 hotel positions once open.

According to the Idaho Department of Labor, about 24 percent of jobs in Blaine County are leisure and hospitality related, earning an average wage of $20,364 as of 2013. The Labor Department reports that Blaine County—including Ketchum and nearby communities—suffered in the recession, "dramatically cooling building activity in upscale subdivisions and condominium projects."

While Blaine County continues to enjoy the highest per capita income in Idaho, analysts expect continued growth in service sector employment over the decade, "potentially weakening the wage scale."

Trail Creek's downtown development will be the first new lodge built there in about 20 years, the Times-News reports.

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