Company Expects to Build 600 Units Through its 10-Year Master Plan
Deerfield Valley, VT., December 15, 2015 – The Hermitage Club at Haystack Mountain the only private ski club on the East Coast, has filed its Act 250 permit with the Natural Resources Board for approval of its 10-year Master Plan.
The thousand-plus page report has been several years in the planning, and will encompass The Hermitage Club planned development throughout the Deerfield Valley, including in the towns of Wilmington and Dover and calls for a total build out density of up to 600 units, both on mountain and off site throughout the plan’s time period, ending in 2025.
“We are pleased to have filed our Act 250 permit application,” said Hermitage Club Founder and President Jim Barnes. “We have conducted a very thorough, thoughtful process, and we look forward to continued collaboration with the Natural Resources Board, as well as state and local planning boards.”
“The filing of our Act 250 permit application has been a long time in the planning, review and execution phases,” said Bob Rubin Vice President of Construction and Development at The Hermitage Club. “We have carefully considered all of the Natural Resources Board requirements and have worked hard to create a thoughtful plan that is financially feasible and provides sustainable growth for the area.”
Throughout the past 40-plus years, there have been Master Plan applications reviewed by the Act 250 Commission involving some or all of the lands currently owned by The Hermitage Club. Since 2007, the Hermitage Club has purchased several tracts of this land and combined them into one, with a total investment through the 10-year Master Plan timeline of nearly $300 million. More than $100 million has been invested in Deerfield Valley over the past four years, and throughout the past two years, the Hermitage has completed dozens of residential and non-residential construction projects, including:
- Construction of an 80,000-square-foot Clubhouse at Haystack Mountain
- Construction of three new lifts, refurbishing two lifts.
- Includes new, Doppelmayr, six-person heated-seat bubble lift
- Construction of a Mid-Mountain Cabin on Haystack Mountain
- Construction of a Snowsports building at the base of Haystack
- Purchase and/or renovation of properties including the White House Inn, The Inn at Sawmill Farms, Brook Bound Inn, the Snow Goose Inn
- Purchase and renovation of the Deerfield Valley Airport
- Construction of eight luxurious, single-family homes in Stag’s Leap (ski on ski off, trail access) as well as other single-family homes surrounding the Haystack property
- Construction of 24 townhomes
The Club’s total investment throughout the Master Plan will generate nearly $6 million in education taxes annually, from 2015-2025, according to a Growth & Fiscal Impact Analysis compiled by Doug Kennedy Advisors for The Hermitage Club. The study estimates that 235 FTE (full-time equivalent) jobs will be created throughout the impact period up to 2025 due to construction. All employment, including construction, club operations, indirect and induced employment totals will reach nearly 750 FTEs at the plan’s completion in 2025.
Local and regional contractors are being utilized for all areas of construction, from design, to excavating, framing, electric, plumbing and heating, roofing and other work. Local material procurement has also been a priority for The Hermitage Club throughout its development.
“The impact of The Hermitage Club on the area’s construction companies and local workforce has been significant,” Rubin said. “We are constantly seeking ways to engage our local contractors throughout all phases of the development of the Hermitage Master Plan, and we have a great source of talented designers and builders here in the Deerfield Valley and beyond.”
Rubin said that many Hermitage Club members have purchased existing homes in the area, have renovated and remodeled, relying on local workforce for these projects.
The Hermitage Club development has been part of the revitalization of the Wilmington/Dover area since 2007, spurring others to invest in the area. Lorista Holdings LLC, a Connecticut-based investment group, became interested in investing in downtown Wilmington, which had been devastated by Hurricane Irene in 2011, after learning about The Hermitage Club’s major investment in the area. Lorista has completed projects throughout the area, including a $1-million renovation of The Vermont House on Wilmington’s West Main Street, bringing it back to its former beauty.
The Deerfield Valley Chamber of Commerce’s Economic and Demographic Prospectus released in December 2014 referenced the extensive contribution of The Hermitage Club to local development. The report’s summary stated, “Unlike historic real estate expansions, these investments intended to build infrastructure for long term, sustained growth in the region.” The Chamber will release its 2015 Prospectus at the end of the month.
The Hermitage Club restaurants include the newly-renamed Piacenza at the Inn at Sawmill Farm, the White House Inn (set to re-open this Christmas), and The Hermitage Inn. Hermitage Club restaurants are open to the public. Residents and visitors are encouraged to join the Hermitage Club at the White House Inn, The Hermitage Inn and Piacenza for New Year’s Eve. Reservations open on Monday, Dec. 14 for all locations.
About The Hermitage Club
The Hermitage Club at Haystack Mountain is a 1,400-acre enclave in the Deerfield Valley of Southern Vermont. The Club, located in the towns of West Dover and Wilmington, VT, provides members with four seasons of private mountain activities, luxury accommodations and a worry free, safe environment for families of all generations. The exclusive private club community celebrates the outdoors and family fun, with activities ranging from alpine skiing and boarding to cross country skiing and snowshoeing. The Club has also recently added a variety of summer water and mountain adventure activities including hiking, swimming and kayaking in addition to golfing at its 18-hole championship golf course. The new clubhouse, combined with the residential construction taking place at The Club, qualifies as the largest real estate construction project in southern Vermont. For the second year in a row, The Hermitage Club is the fastest growing company in Vermont and was recently named for the second year in a row to Inc. Magazine’s Inc. 5000 list of fastest growing private companies in the United States.