New residential and recreational agreement completed for Quechee Lakes
Taurus Investment Holdings, LLC and the Quechee Lakes Landowners’ Association, Inc have announced the completion of their comprehensive development agreement for a series of new residential and recreational projects in Quechee Lakes, Vermont.
Quechee Lakes is Vermont’s premier four-season community. Located on 5,200 acres, it is distinguished by its natural beauty and upscale amenities including two 18 hole championship golf courses, 12 Har-Tru and all-weather tennis courts, Nordic and Alpine skiing, waterfront activities, over 35 miles of hiking and riding trails, a destination polo field, and indoor and outdoor pools. The Quechee Club also provides a number of other activities, privileges and dining options for its members and guests.
Through its Vermont-based affiliate, QL Resorts Limited Partnership, Taurus Investment Holdings, LLC is the proprietary residential developer of single-family homes and condominiums on over 1,500 acres of permitted and subdivided parcels in Quechee Lakes. Taurus Investment Holdings, LLC and QL Resorts provide real estate brokerage and management, and home building services through their New England-based network of designers, architects, and homebuilders.
“Our new Development Agreement and Declaration provide a sound and reasonable basis for the future development of Quechee Lakes and our membership is confident that we have found a lot of common ground with Taurus and QL Resorts,” said Quechee Lakes Landowners’ Association President Richard Mounce.
“We are pleased to have worked through complex issues with the Quechee Lakes Landowners’ Association and its Board of Trustees and we’re excited to have improved what is already a strong relationship with the community,” said Peter Merrigan, CEO of Taurus Investment Holdings, LLC. He added, “New England’s resort and second home markets have been through the most challenging times in generations. As they recover, Quechee Lakes’ special and unique qualities will attract new buyers and renters from the region and we’re planning to announce new, sustainable residential products to meet that demand during the summer.”
Taurus was founded in 1976 and has evolved into a global owner-operator and value-add developer of both directly managed and joint venture assets with offices throughout the US, Canada, Argentina, Turkey, UK and Germany. Taurus has purchased and sold more than 20 million square feet of residential, office, industrial, retail, hotel and other commercial real estate assets since its inception.
The Quechee Lakes Landowners’ Association, Inc. (QLLA) was formed to hold, manage, regulate and maintain the common land and amenities of the Quechee Lakes Master Plan. The Association is made up of individuals who own a home site, a completed home or condominium; and such ownership automatically confers membership in The Quechee Club. The Membership owns and controls all the amenities at Quechee Lakes, which is professionally managed.
The Quechee Club/Quechee Lakes Landowners’ Association, Inc. 6.7.2012