Killington Resort, the largest ski area in the eastern United States and host of the Audi FIS Ski World Cup, is embarking on a transformative $3 billion development over the next 25 years. This ambitious project, led by renowned North American developer Great Gulf, aims to establish Killington as a premier, year-round destination by blending modern architecture with community-focused initiatives.
Here is a breakdown of the newest update from the NY Times. A developer wants to add luxury housing, a spa, and a ‘ski beach’ to the Vermont resort. But is the state ready for it? By David Goodman | Published Dec. 5, 2025
The Vision: A New Village in the Mountains Killington, the sprawling ski resort in central Vermont, has long been famous for its scale: 73 miles of trails, a 3,000-foot vertical drop, and 800,000 annual visitors. But for decades, it has lacked one thing: a true luxury base village. Great Gulf, a Toronto-based developer, plans to change that with a $3 billion investment over the next 25 years. The renderings are ambitious. Designed by Moshe Safdie (architect of Singapore’s Marina Bay Sands), the new village will feature:
- Clusters of luxury homes
- Two public squares and a pedestrian promenade
- A “Ski Beach” and panoramic pool
- A forest spa and skating path
- Over 100,000 sq. ft. of retail and dining
“Our goal is to create a resort community that is appealing both to skiers and to those who perhaps don’t ski as much… to rival the most impressive ski resorts in North America, like Vail or Aspen.” — Michael Sneyd, Great Gulf Project Overseer
Own a Piece of the New Killington Looking to purchase a unit in the new Killington Village? The market is changing fast. Whether you are looking for a pre-construction opportunity in the new village or an existing mountain home, you need local experts. The Elevations Team is ready to help you navigate this $3 billion transformation.
The “Luxury Arms Race” Killington is entering a high-stakes competition sweeping the ski industry.
- Deer Valley (Utah): Amidst a $5 billion expansion with $9 million townhomes.
- Powder Mountain (Utah): Offering lots averaging $4 million with exclusive private skiing.
- Stowe (Vermont): Recently completed a $500 million upgrade with residences up to $15 million.
Killington’s project dwarfs anything seen in the Eastern United States since 1970. Mountainside units are estimated to cost between $2 million and $6 million+ apiece, aiming to capture the 68 million people living within a six-hour drive of the resort.
The Challenges: Infrastructure & Workforce While the vision is grand, the hurdles are uniquely Vermont.
- Housing Crisis: With a state vacancy rate of just 3%, finding housing for the estimated 3,000 construction workers and 1,500 permanent hospitality staff is a major logistical challenge.
- Regulatory History: Vermont has historically fended off large developments via Act 250. However, recent reforms (Act 181) and Town infrastructure investments (tax increment financing) signal a shift in support.
Despite these challenges, the project is moving forward. Construction is anticipated to start in the Spring of 2027, with the first housing units completed within two years.
The Future of Killington The new ownership group, led by Phill Gross and Michael Ferri, along with Great Gulf, is betting on a year-round destination model that isn’t solely dependent on winter. With $60 million already committed to new lifts and snowmaking, the transformation has begun. As Michael Sneyd puts it, “This is the future of places like Vermont… to utilize their natural resources, their beauty, their mountains.”
Ready to Make Your Move? The transformation of Killington is a once-in-a-generation real estate opportunity. Don’t navigate the “Aspen of the East” alone. The Elevations Team is your partner for Killington Village real estate.
Key Features of the Expansion:
- Live Killington Village: A pedestrian-oriented community spanning 1,095 acres, with 45 acres dedicated to the village core. Designed by Safdie Architects and PWP Landscape Architecture, the village will feature over 720 ski-in/ski-out condominiums, luxury townhomes, and single-family residences in its initial phases. Two public squares will serve as central hubs for dining, retail, and year-round activities.
- The Crystal Lodge: An 85,000-square-foot centerpiece replacing the existing Snowshed and Ramshead lodges. This modern glass structure is designed to reflect the natural beauty of Vermont’s Green Mountains, offering a contemporary space for visitors to gather and relax.
- Enhanced Mountain Infrastructure: Plans include a two-year investment in low-energy snowmaking equipment, the replacement of the Superstar Express Quad with a high-speed six-pack lift, revitalization of the Skyeship Gondola with new cabins, and expansion of summer activities such as mountain biking trails.
The initial phase, slated for completion by 2028, will introduce 225 residential units and 32,000 square feet of retail and dining space, alongside the construction of The Crystal Lodge. Sales for these residences are expected to commence in 2025, offering a range of options to suit diverse buyers.
As the development progresses, up to 2,300 housing units will be added over the 25-year span, with each phase introducing new amenities such as market gardens, Nordic spas, an amphitheater, and enhanced trail systems. This evolution aims to meet the dynamic needs of both the community and visitors, positioning Killington as a top-tier destination for recreation and relaxation.
For those interested in becoming part of this exciting new chapter at Killington Village, the Elevations Real Estate Team is ready to assist. We specialize in helping buyers navigate opportunities to purchase condos, land, and other offerings as deposits open for the Village. Contact us today to learn more and secure your place on our priority list, ensuring you don’t miss out on this unparalleled opportunity.