Mountain Green condos $48m renovations is underway

By Polly Mikula

Mountain Green Condominium Association, a 45-year-old, 215-unit association with a restaurant, spa, gym and two pools located across from Snowshed Lodge on East Mountain Road, is embarking on a $48 million renovation. 

The renovations, under DEW Construction Corporation, will take about 2 1/2 years to complete.

Work began in 2023 and is expected to be completed in 2027, according to Adam Carne from the Board of Mountain Green.

Owners voted in favor of a $18 million assessment in 2022, and another $29 million was approved March 11, 2024 for the work. 

Jamie Fox, the general manager, explained in an interview last year with the Mountain Times that the second $29 million became necessary after realizing $18 million wasn’t going to cover the costs.

“As we started to look at the cost of materials and what it’s taking to do the job, the overall cost of what we wanted to do became apparent, that increased it exponentially,” he said.

“We have the ability to stretch it out over six years if we wanted,” Fox said. “The longer we go, the more expensive materials get.”

“We’ve had multiple architects and engineers investigate our buildings to be sure we are uncovering deficiencies and addressing them properly,” explained Adam Carne, president of the Mountain Green board, after the second portion of the assessment was approved. “There were some structural issues around the indoor pool and garage area that were remedied in 2022 and 2023. There are no [further] significant structural concerns that we are aware of but we know there is still water infiltration due to our failing roof and envelope which is being addressed as part of the repair project. If left unchecked, the continued water infiltration would lead to structural issues that could eventually lead to condemnation,” he said, adding: “By doing a complete siding and roof replacement, rather than just going over the existing structures, we are able to see what’s going on under the skin, address any issues that are uncovered and seal our buildings properly.”

When complete, Mountain Green’s buildings will have new standing seam metal roofs on all three buildings, new decks and balconies, new siding, insulation, new windows and skylights and accessible entryways, as well as upgrades to the HVAC systems, sprinklers, elevators, parking garage and restaurant including newly designed façade. It also includes $1.5 million in upgrades to the health club, which includes a pool, two hot tubs, sauna and a steam room.

Costs for owners

Starting this past July, owners began to pay the assessment quarterly — the cost depends on the size of each unit and it’s particular amenities, like skylights. 

Assessment estimates are listed on the Mountain Green website:

A studio unit: ~$128,000

A one-bedroom unit: ~$180,000

A two-bedroom unit: ~$266,000

A three-bedroom unit: ~$334,000

Future value

“Mountain Green’s transformation reflects our community’s thoughtful, data-driven approach toward our future,” the associations website (mountaingreenresort.com/the-assessment) states. “After years of consultations with engineering and construction professionals, owners made the carefully considered decision to invest in these comprehensive renovations. As owners, we did not make this decision lightly — we took the time to gather all of the information and data we needed, had many, many conversations, and then voted as a community. It was necessary and critical for our collective success, including livability and the value of our homes.”

“The results are becoming evident — from our new roofs and upgraded amenities to rising property values,” the association continued on its site. “We’re excited to see Mountain Green emerging as one of Killington’s premier ski properties, ideally positioned to benefit from the resort’s upcoming village development.”

Great Gulf’s plans to construct a village at the Snowshed/Ramshead base areas includes 32,000 square feet of commercial space and 239 new housing units.

Mountain Green will be central to that new village — a major factor for many of Mountain Greens newest owners.

Nathan Mastroeni, of the Elevations Real Estate Team at REAL Broker LLC, anticipates the value of condos will rise dramatically when the village becomes a reality.

“The location is pretty cool because…you’re going to walk right into the village,” Mastroeni said.

Katy Savage contributed to this reporting.