April 15, 2011
The developers of Edgemont used the proceeds from last week’s $2.4 million sale of a three-bedroom plus den condominium to retire the last of the $45 million construction loan on the building that borders the slopes of Steamboat Ski Area.
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Edgemont, a slopeside condominium project at Steamboat Ski Area, put up its 10th transaction since July 1 this month with the $2.4 million sale of a three-bedroom plus den unit that was priced at $3.15 million last year. The sale allowed developer Atira Group to retire the $45 million construction debt on the building.