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A rendering of Olson Kundig’s design for the residences at Telluride.

The Olson Kundig–designed Four Seasons Hotel and Private Residences Telluride opens sales

Florida-based developers Merrimac Ventures and Fort Partners launched sales for the Four Seasons Hotel and Private Residences Telluride last month, according to a release. Its the first project outside of Florida for both developers, the latter of which has opened three Four Seasons hotels in Florida to date, in addition to Four Seasons Fort Lauderdale which the pair previously collaborated on. It’s also Telluride’s first luxury development in a decade and a half.

The property is designed by AD100 firm Olson Kundig. “Each home reflects an essential connection between interior living spaces and the dramatic landscape, merging expansive views with a tranquil home environment that is comfortable yet refined, perfectly representing Telluride’s character and charm,” said Tom Kundig, co-design principal, in a statement. The interiors feature stone and wood finishes throughout, plus floor-to-ceiling windows offering views of Mount Wilson, Campbell Peak, and Palmyra Peak. AD100 mother-and-son interiors team Clements Design is responsible for the hotel and residence interiors.

Ski amenities will include ski-in/ski-out access, ski valet, and private lockers. A fitness center, spa, indoor pool, outdoor hot tub, underground parking, housekeeping, and butler services will also be available for residents. Individual units offer spacious private terraces, fireplaces, and perhaps most notably, oxygenation systems that counteract the affects of the high altitude.

Sales are being led by Compass’s Bill Fandel and Brian O’Neill of the O’Neill Stetina Group with prices beginning at $4 million.

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The original Barneys is going residential

The Chelsea retail space that once housed the original Barneys has been sold, according to The Real Deal. Architect and developer Raymond Chan purchased the Seventh Avenue property for $22 million from the debt fund that foreclosed on previous owner Ben Ashkenazy. That price tag marks a significant drop from the $57 million that Ashkenazy paid in 2014 before defaulting on his $46 million loan in 2020. The 40,000-square-foot building has roughly 55,000 square feet of development rights. Per The Real Deal, Chan plans on building residential condos in a modern style with ground-floor retail.

This conversion may have been a long time coming—Barneys left their original Seventh Avenue location in 1997 after filing for bankruptcy in ’96. Barneys’ larger location, located on Madison Avenue, was purchased by Authentic Brand Groups in 2019 and closed in 2020.