Mammoth Crossings South West Cor
Mammoth Lakes, CA 93546

See Attached Offering Memorandum for Details: The development sites presented in this Offering are an assemblage of properties represented on two distinct development corners. The site that is the subject of this listing is Site 2, located at the southwest corner of the Mammoth Crossing zoning in the North Village Specific Plan, in Mammoth Lakes. Site 2 consists of 4.52 acres and is arguably the most visible corner in Mammoth Lakes. In addition to being highly visible, this is uniquely located only one block from one of Mammoth’s most popular visitor destinations, The Village at Mammoth which includes the Village Gondola, Events Plaza, dining, and free public transportation hubs. The site is located in the “Mammoth Crossing” (MC) zoning of the North Village Specific Plan (NVSP) hence they are effectively entitled for development to the extent a project is consistent with the existing specific plan. Site 2 is made up of nine parcels totaling 4.52 acres. Four of these parcels have structures, all at the end of their useful life. The site has notable variance in topography, with the highpoint of the site at its northern edge and the lowest point at its eastern edge. Site 2 is generally level along Lake Mary Road and slightly down sloping toward Minaret Road. Its corner location offers approximately 1,143 feet of frontage along Lake Mary and Minaret Roads. The northern edge of the site is only 850 feet from the Village Ski Gondola, Events Plaza and Trolley hub making the site very pedestrian friendly and the location exceptionally attractive. Site 2 has a triangular shape with a focal point at the corner of Lake Mary & Minaret Roads and another focal point at the midpoint of the Lake Mary frontage. Both focal points afford high traffic visibility for those traveling to and from the Village at Mammoth or Mammoth Mountain’s primary ski lodges. These focal points afford the greatest height and encourage animation through ground floor retail and restaurant uses. This site is one of the best development locations in Mammoth Lakes. The tiered topography and varying height requirements lend the site well to a phased building approach, like the three phased approach used in building the Village at Mammoth. Site 2 fronts on two primary corridors entering the Village and affords the ability to accommodate separate developments. Height allowances of up to 65’ opens the opportunity to views in many directions including views to the Sherwin Mountains, the White Mountains, and Mammoth Mountain Ski Area. Zoning for Mammoth Crossing encourages hotels, condominiums, ground floor support retail, restaurant and conference space as primary uses for the site. The highest and best use for the site is to develop a 366-room mid-rise structure with underground parking. An animated commercial street front with pedestrian friendly access along Lake Mary and Minaret Roads will take advantage of the highly visible corner. Development with 366 rooms does not require a density bonus and assumes no need for height variances. A phased approach allows the opportunity to accommodate the market demands of end users as well as market demands associated with construction. The location of this property is crucial for guests entering the Village and makes this site an iconic development opportunity worthy of premium hotel flag. This site sits directly across the street from the proposed Limelight Hotel and the existing Westin Monache.