Forbes Highlights Great Gulf's Killington Project In Vermont
Many businesses around the U.S. are still scrambling for ways to get staff back to the office after the popularity of working from home exploded during the pandemic. Great Gulf Group, one of North American’s largest home builders, hopes you’re more inclined to stay with what you like and consider a move even further away to better enjoy life.
Great Gulf in May paid $43 million for land at the foot of Killington Ski Area, the biggest ski resort in the eastern U.S., and intends to develop the nearly 1,100 acres into condos, townhomes, and single-family homes, along with a new retail village and lift lodge. The long-delayed project is one of the largest in environmentally restrictive Vermont in recent years.
The business rationale: work from home is here to stay after the pandemic, making it more attractive than ever to live and work in a ski area or other resort community. The way Great Gulf sees it, that appeal is so strong that even existing second homes will increasingly become first homes in today’s stressed-out world.
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