If location is everything in real estate, then Altus Vail is perfectly placed to succeed. Positioned on the edge of Vail Village, the 15-unit development is just a few minutes’ walk to the ski lifts, shopping and dining destinations, summer shows at the amphitheater, and fishing in Gore Creek.

Vail Village hasn’t seen a residential newcomer of this scale built in 10 years, and given the scarcity of new homes available in the area, the timing couldn’t be better. “We’re now living in a world where vacation homes are being seen as—and used as—second homes,” says Stan Kniss, Slate Real Estate Advisors partner and Altus Vail listing broker. “We no longer have to live in, and work in, the same locations, or attend schools in the same ways we once did. We can live almost anywhere we want, and that’s opening up places like Vail.”

Altus offers 15 long-term lease units geared toward the local professional market on the first two floors, and nine luxury condos and six penthouses are available for sale above. All will be ready for occupancy this summer.

Designed by Denver-based architecture firm 359 Design, with interiors by OCG’s Kellye O’Kelly, the residences were conceived as places where people would be comfortable settling in and staying for long stretches of time. “Altus feels like a single-family home with the attention toward details, spaciousness, and privacy that aren’t typically found in a multifamily residential project,” O’Kelly says. Kniss adds, “When you’re here for weeks and months at a time, having the connection to the happenings in the Village, while at the same time being able to retreat to your private home, has real value to our owners.”

Sizes range from a two-bedroom, two-and-one-half-bath, 1,470-square-foot apartment to a 3,030-square-foot penthouse with five bedrooms, and five and one-half baths. All of the homes have sliding glass doors opening onto 8-foot-deep balconies with sweeping mountain views.

O’Kelly worked to create spaces with clean lines and a crisp, mountain-modern style. “We wanted the interiors to feel modern yet timeless,” she says. “We kept with a neutral color palette of materials that feel organic and reflect the natural elements found in nature—some of these finishes include warm wood tones, wool carpet, and natural stone fireplaces with metal inlay panels.”

With wide-plank European-oak flooring and soaring great room ceilings (rising to 16 feet in the penthouses), the light-filled residences were designed to bring the outdoors in. Kitchens are equipped with Wolf and Sub-Zero appliances, along with Brizo brushed-nickel plumbing fixtures and quartz slab countertops. Bathrooms offer a freestanding tub in the main bedroom suite, plus glass-enclosed showers.

The two-story penthouses are entertainment-ready, including an upstairs family room with a wet bar and a private, rooftop terrace featuring an eight-person hot tub (some also have a fire pit).

Each residence has also been designed with at least one area that can be locked off, allowing flexibility for owners who may want to make their homes available on an occasional rental basis.

The energy-efficient building has semiprivate elevators, an underground heated garage, and ski lockers for each residence. Two- and three-bedroom units are priced from $3 to 6 million, with four- and five-bedroom units priced from $6.5 to 10 million.

“We’ve seen buyers from the Front Range and from along the East Coast thus far,” Kniss says. “There’s a range in ages, but the common thread is that they wanted new construction and higher quality.”